Business
Vatn Systems Raises $60 Million Series A to Redefine Underwater Naval Warfare at Scale
Vatn Systems, a defense technology company building autonomous underwater vehicles (AUVs) for the US military, allied nations, and commercial customers, today announced it has raised $60 million in Series A funding, bringing total funding to $76.5M. The round was led by BVVC, with participation from new investors such as Hanwha, Geodesic Capital, Airbus Ventures, Dauntless Ventures, Trousdale Ventures, and Veteran Ventures Capital. Major existing investors also participated in the round, includi
About this update from Hanwha Corp
[{"type":"text","content":"Leading defense tech company strengthens position as the largest AUV manufacturer in the US with record-breaking funding round","length":126,"tagName":"p","attribs":{}},{"type":"text","content":"PORTSMOUTH, R.I., Dec. 10, 2025 /PRNewswire/ -- Vatn Systems, a defense technology company building autonomous underwater vehicles (AUVs) for the US military, allied nations, and commercial customers, today announced it has raised $60 million in Series A funding, bringing total funding to $76.5M. The round was led by BVVC, with participation from new investors such as Hanwha, Geodesic Capital, Airbus Ventures, Dauntless Ventures, Trousdale Ventures, and Veteran Ventures Capital. Major existing investors also participated in the round, including DYNE Ventures, Propeller Ventures, Decisive Point Ventures, SAIC Ventures, Centre Street Partners, Cubit Capital, and Lockheed Martin Ventures.","length":704,"tagName":"p"},{"type":"image","alt":"Vatn Systems Raises $60 Million Series A to Redefine Underwater Naval Warfare at Scale","displaySize":"","headline":null,"caption":"Vatn Systems Raises $60 Million Series A to Redefine Underwater Naval Warfare at Scale","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/b5865718fc4f3f336ebafef290b1e5bc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XistcvtjZQev.DnrGhcc5w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b5865718fc4f3f336ebafef290b1e5bc","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2842112/Vatn_Systems_Raises_60_Million_dollar.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Vatn Systems is on a mission to become the next underwater defense prime in a world where autonomous systems dominate the naval battlespace," said Nelson Mills, co-founder and CEO of Vatn Systems. "Demand for affordable, scalable autonomous systems in undersea environments is accelerating rapidly. This funding strengthens our position as the leader in deployable AUV technology and enables us to expand our team, accelerate R&D, and scale manufacturing to capture this growing demand and win critical contracts both domestically and internationally."","length":577,"tagName":"p"},{"type":"text","content":""V...