Companies
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Saronic
14
Aerospace & Defense
$11B
+$31.93
4,668.42%
30 days ago
$0.68
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Saronic is building cutting-edge unmanned surface vehicles that enable maritime security and domain awareness by combining premier hardware, software and AI.
Saronic was founded in 2022 by Dino Mavrookas and Vibhav Altekar, building uncrewed, fully autonomous surface vessels intended to expand naval capacity for surveillance, reconnaissance, and other maritime missions without requiring the crew, cost, and lead time associated with traditional crewed naval vessels, positioning the company within the broader wave of venture-backed defense technology companies seeking to modernize military hardware procurement using more rapidly iterating, software-centric development approaches that draw more heavily on Silicon Valley-style engineering and manufacturing practices than traditional defense contractors have historically employed. Saronic has scaled rapidly since its founding, building out its own manufacturing capacity for autonomous vessels and securing government contracts and partnerships aimed at expanding U.S. naval autonomous vessel capacity, part of a broader U.S. defense policy push toward greater investment in autonomous and uncrewed military systems across air, sea, and land domains. At the end of the first quarter of 2026, Saronic announced a $1.75 billion Series D funding round led by Kleiner Perkins, valuing the company at $9.25 billion, more than doubling its valuation from the $4 billion Series C it had raised just over a year earlier, reflecting rapidly escalating investor interest in autonomous naval defense technology. Saronic's 2025 revenue reached approximately $200 million, representing growth of roughly 1,500% year over year, the second-fastest revenue growth rate of any company in Augment's Power 20 after Kalshi. In Augment's Q2 2026 Power 20 rankings, Saronic climbed four positions to #16, having first entered the rankings as an Honorable Mention in the fourth quarter of 2025 before joining the Power 20 outright the following quarter, with its estimated secondary-market share price rising 16.4% during the quarter, the fifth-largest price gain among all Power 20 companies, alongside trading activity on the Augment platform that more than doubled quarter over quarter.
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