DYNE Ventures
Assembly Line
Vatn Systems Raises $13 Million Seed Round to Advance Autonomous Underwater Vehicles for US Defense
Vatn Systems, a leading defense technology company building autonomous underwater vehicles for the US military and allies, announced it has raised an oversubscribed $13 million seed round, bringing total funding to $16.5M. The round was led by DYNE Ventures with participation from Lockheed Martin Ventures, RTX Ventures, In-Q-Tel (IQT), Propeller Ventures, SAIC Ventures, Cubit Capital, Fortitude Ventures and existing investors that include Centre Street Partners, The Veteran Fund, Blue Collective, and Decisive Point.
Vatn Systems’ cost-effective, modular autonomous underwater vehicles enable customers to deploy effects at scale against undersea and surface targets. Bridging the gap between AUVs and torpedoes, Vatn’s flexible design and in-house Inertial Navigation System enable precision delivery of a wide range of effects at ranges of almost 1,000 miles. A core differentiator is the company’s advanced navigation software that is effective in GPS, vision, and communication-compromised environments. Vatn vehicles use applied AI to make decisions in real-time, and the systems also leverage Machine Learning to enhance navigation algorithms.