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Saronic Raises $600 Million With Sights On Building Modern Shipyard For Big Autonomous Vessels

Saronic Raises $600 Million With Sights On Building Modern Shipyard For Big Autonomous Vessels
Saronic’s 24-foot Corsair autonomously navigating open waters in the Gulf of Mexico. The company’s future Port Alpha shipyard will build unmanned vessels far larger than Corsair. Photo: Saronic

Autonomous surface vessel developer and manufacturer Saronic has closed a $600 million funding round for a downpayment on a new waterside shipyard the company has conceived around advanced manufacturing methods for the design and construction of vessels far larger than its current family of products. Saronic will discuss with federal and state governments the “best strategic location” of Port Alpha, which the company will invest “billions of dollars” in over the life of the shipyard, Dino Mavrookas, co-founder and CEO,…

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