Saronic Technologies has raised $600 million in a late-stage round of financing and plans to build a shipyard to produce several types of autonomous vessels, the company said in a statement.
Tech entrepreneur Elad Gil led the series C round of financing to grow the Austin, Texas-based Saronic’s business that is now valued at $4 billion, according to the statement. The company’s investors include General Catalyst as a new investor, a16z, Caffeinated Capital, and 8VC, the venture company managed by Joe Lonsdale who co-founded software company
Saronic’s announcement comes as Silicon Valley entrepreneurs and financiers are ...