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AUV Startup Vatn Systems Raises $13 Million In Seed Round That Includes Lockheed, RTX, And SAIC

By Cal Biesecker

Tuesday, November 12th, 2024

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AUV Startup Vatn Systems Raises $13 Million In Seed Round That Includes Lockheed, RTX, And SAIC

Vatn Systems CEO Nelson Mills beside the company's Skelmir 6 autonomous underwater vehicle. Photo: Vatn Systems

Vatn Systems, a startup developing autonomous underwater vehicles (AUVs) for U.S. and allied military customers, on Tuesday said it has raised $13 million in seed funding to further expand its team and pave the way for its initial product releases with an aim toward scalable, affordable, attritable mass. The seed round brings the small Rhode Island-based company’s total funding to $16.5 million and was led by DYNE Ventures. Also contributing to the funding were venture capital arms of defense companies…

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