Kleiner Perkins Leads Saronic’s $1.75 Billion Series D

Gunderson Dettmer represented Kleiner Perkins as the lead investor in the $1.75 billion Series D financing of Saronic, a developer of autonomous military ships. The round values the company at $9.25 billion. 

The investment will allow Saronic to continue to advance its mission of ensuring maritime superiority for the U.S. and its allies by delivering autonomous platforms at scale across defense and commercial sectors.

“Saronic is not just building vessels, it is rebuilding a core national capability,” the Kleiner Perkins team said in the announcement of the transaction. “We have deep conviction that the restoration of American shipbuilding will be one of the defining industrial stories of the next decade, and that autonomy and modern manufacturing will underpin it. No company is better positioned than Saronic to lead it.”

The Gunderson deal team was led by Greg Volkmar and included Shawna Reeder, Gregory Kinzelman, Nathan Lovejoy, Eugene Kim, and Samuel Nyitray.

See more Gunderson work with Kleiner Perkins.

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