Caffeinated Capital led a $55m Series A round in Saronic.

Caffeinated Capital, a private equity firm, led a $55m Series A round in Saronic, a maritime autonomy company, with participation from 8VC, U.S. Innovative Technology Fund, Andreessen Horowitz, Lightspeed Venture Partners, Point72 Ventures, Silent Ventures, Overmatch Ventures, Ensemble VC, and Cubit Capital. "America's conventional shipbuilding ecosystem lacks the agility to match the threats posed by our adversaries, and many proposed solutions for the fleet aren't cohesively designed for the mission. Saronic has worked closely with the Navy to build a solution that meets their requirements. We're putting software, autonomy, and mission profiles first, reshaping design for rapid production and deployment, and creating a novel breed of autonomous vessels that can meet current and future threats," Dino Mavrookas, Saronic Co-Founder and CEO.