Sign In
Search
Unmanned Systems

Vatn Systems Raises $60 Million To Scale Undersea Vessel Development And Manufacturing

Cal Biesecker By
SHARE:
Vatn Systems Raises $60 Million To Scale Undersea Vessel Development And Manufacturing
Vatn Systems Skelmir S12 autonomous underwater vehicle can also function as a lightweight torpedo. Photo: Vatn Systems

Autonomous underwater vehicle (AUV) developer and manufacturer Vatn Systems on Wednesday said it has raised $60 million in a funding round the Rhode Island-based startup will use to expand its workforce, accelerate research and development, scale manufacturing, and pursue more international business. The Series A round was led by BVVC and brings Vatn’s total funding to $76.5 million. The company currently has 65 employees. “Demand for affordable, scalable autonomous systems in undersea environments is accelerating rapidly,” Nelson Mills, Vatn co-founder…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Advanced / Transformational Technology

DoD Plans Counter-Drone Laser Shoot Off In December

Advanced / Transformational Technology

Software-Defined GPS Receiver Developer Locus Lock In Strategic Funding Round

Advanced / Transformational Technology

Col. Rob Kinney, Chief of Fires, XVIII Airborne Corps, Discusses Scarlet Dragon 26.3

Advanced / Transformational Technology

Army Corps Assessing Sensors, Software, C2 For C-UAS In Latest Scarlet Dragon Innovation Event

Trending

Boeing Picked For Navy’s F/A-XX Carrier Fighter
USAF Awards Raytheon Nearly $21 Billion for AMRAAM Foreign Orders
21 Tranche 1, Transport Layer Satellites Delivered to Vandenberg, Northrop Grumman Says
Defense Watch: Munitions Shortages, IVEWS LRIP, Satellite Infrastructure
U.S. Space Force Pins Hopes on Space-Based Radar Systems, Northrop Grumman Building GMTI System

Congress Updates

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume