Austin-based defense startup Saronic has raised $600 million in Series C funding to establish Port Alpha, an autonomous ship factory, which has accordingly quadrupled their valuation to $4 billion. The round was led by investor Elad Gil and included key participation from General Catalyst, Andreessen Horowitz, and others. This funding positions Saronic as one of the most valuable defense tech startups in the U.S. With plans for operations to begin in five years, Saronic aims to enhance U.S. shipbuilding capabilities, leveraging the growing trend of unmanned naval warfare, especially following Ukraine's drone ship usage against Russia.
Saronic, an Austin-based defense startup, raised $600 million for its autonomous ship factory "Port Alpha," quadrupling its valuation to $4 billion.
The creation of Port Alpha aims to boost U.S. shipbuilding capacity to compete with China, while capitalizing on the booming unmanned naval ship trend.
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