Funding round
Saronic Technologies Series C
Saronic Technologies, which works in autonomous surface vessel manufacturing in Austin, raised $600M in a Series C round announced on 18 Feb 2025, led by Elad Gil, at a $4.00B post-money valuation. 6 firms took part, 3 of them already investors. It is Saronic Technologies' fourth venture round on record; the one before was a Series B in Jul 2024.
$600M
Amount raised
$4.00B
Post-money valuation
$3.40B pre-money
6
Investors
1 lead
4.0x
Step-up from the Series B
$1.00B in Jul 2024
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Saronic Technologies at $4.00B after the new money, 4.0 times the $1.00B of its Series B (Jul 2024). The $600M bought investors about 15% of the company. It came 7 months after Saronic Technologies' Series B. It is 23% of the $2.58B Saronic Technologies has raised in the venture rounds on record. Saronic Technologies raised again 13 months later: a Series D round of $1.75B in Mar 2026, at $9.25B post-money.
Saronic Technologies' funding rounds
Saronic Technologies has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Elad Gil led the round with 5 other firms. Andreessen Horowitz, 8VC and Caffeinated had backed Saronic Technologies before.
Lead investor
- Elad Gil new investor
Also in the round
- General Catalyst backs 574 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- 8VC existing investor
- Caffeinated backs 79 venture-backed companies existing investor
- Palantir Technologies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
15 Series C rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $238M, and this round was 2.5 times the median. The closest in time, other companies' Series C rounds in Aerospace and Defence:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Aerospace and Defence | 3 Feb 2025 | $65M | $500M | DFJ Growth |
| Stoke Space Aerospace and Defence | 15 Jan 2025 | $260M | not disclosed | not named |
| Aerospace and Defence | 14 Jan 2025 | $170M | not disclosed | Tikehau Capital and AXIAL PARTNERS |
| Aerospace and Defence | 6 Jan 2025 | undisclosed | not disclosed | Yuan Jing Capital |
| True Anomaly Aerospace and Defence | 30 Apr 2025 | $260M | not disclosed | Accel |
| Apex Aerospace and Defence | 29 Apr 2025 | $200M | not disclosed | Point72 Ventures and 8VC |
| CHAOS Industries Aerospace and Defence | 2 May 2025 | $275M | $2.00B | New Enterprise Associates and Accel |
| Impulse Space Aerospace and Defence | 3 Jun 2025 | $300M | not disclosed | Linse Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Saronic Technologies raise in its Series C round?
Saronic Technologies raised $600M in its Series C round, announced in Feb 2025.
Who led Saronic Technologies' Series C round?
Elad Gil led it, with General Catalyst, Andreessen Horowitz, 8VC, Caffeinated and Palantir Technologies.
What was Saronic Technologies' valuation at the Series C round?
$4.00B post-money ($3.40B pre-money).
How does it compare with other Series C rounds in Aerospace and Defence?
15 Series C rounds in Aerospace and Defence within a year either side disclosed an amount; the median was $238M, and this round was 2.5 times the median.
Did Saronic Technologies raise again after this round?
Yes: a Series D round in Mar 2026 of $1.75B at $9.25B post-money.