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Funding round

Saronic Technologies Seed

Saronic Technologies, which works in autonomous surface vessel manufacturing in Austin, raised an undisclosed amount in a Seed round announced on 1 Jan 2022. It is Saronic Technologies' first venture round on record.

Saronic Technologies Aerospace and Defence Austin Unconfirmed

Undisclosed

Amount raised

Not disclosed

Post-money valuation

Valuation

What this round says about the price

Saronic Technologies did not disclose a valuation in this round. It is Saronic Technologies' first venture round on record, in the year it was founded (2022). Saronic Technologies raised again 21 months later: a Series A round of $55M in Oct 2023. Its next priced round, a Series B in Jul 2024, valued it at $1.00B.

Saronic Technologies' funding rounds

Saronic Technologies has 5 venture rounds on record. This one is highlighted.

  1. Seed this round 1 Jan 2022 amount not disclosed
  2. Series A 10 Oct 2023, led by Caffeinated $55M
  3. Series B 19 Jul 2024, led by Andreessen Horowitz $175M$1.00B post-money
  4. Series C 18 Feb 2025, led by Elad Gil $600M$4.00B post-money
  5. Series D 31 Mar 2026, led by Kleiner Perkins $1.75B$9.25B post-money

Use of proceeds

What the money is for

According to the announcement, the money goes to product development.

  • Product development

Comparable rounds

How it compares

41 Seed rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $5.0M. The closest in time, other companies' Seed rounds in Aerospace and Defence:

Seed rounds in Aerospace and Defence, Jan 2021 to Jan 2023: 41 rounds with an amount, log scale.
Comparable rounds
CompanyAnnouncedAmountPost-moneyLed by
Aerospace and Defence19 Jan 2022$28Mnot disclosedFine Structure Ventures
Aerospace and Defence1 Jan 2022$5.0Mnot disclosednot named
Aerospace and Defence7 Feb 2022$50Mnot disclosedPrime Movers Lab
Aerospace and Defence9 Dec 2021$5.0Mnot disclosedBlume Ventures and growX
Impulse Space Aerospace and Defence29 Mar 2022$20Mnot disclosedFounders Fund
Aerospace and Defence16 Nov 2021$10Mnot disclosedSpark Capital
Aerospace and Defence16 Nov 2021$10Mnot disclosednot named
Aerospace and Defence31 Mar 2022$10Mnot disclosednot named

Questions

Frequently asked

How much did Saronic Technologies raise in its Seed round?

Saronic Technologies did not disclose the amount of its Seed round, announced in Jan 2022.

What was Saronic Technologies' valuation at the Seed round?

It was not disclosed.

Did Saronic Technologies raise again after this round?

Yes: a Series A round in Oct 2023 of $55M.