Vatn Systems has raised $60 million in Series A financing to scale up the production and advancement of its autonomous underwater vehicles (AUVs), targeting deployment across the U.S. military, allied forces, and commercial markets. The funding highlights accelerating global demand for uncrewed naval platforms amid evolving maritime security needs.
The round was led by BVVC, with new participation from Hanwha, Geodesic Capital, Airbus Ventures, Dauntless Ventures, Trousdale Ventures, and Veteran Ventures Capital. Existing investors—including DYNE Ventures, Propeller Ventures, Decisive Point Ventures, SAIC Ventures, Centre Street Partners, Cubit Capital, and Lockheed Martin Ventures—also joined the round, bringing Vatn Systems’ total funding to $76.5 million to date.
Autonomous and unmanned underwater technologies are becoming a cornerstone of naval modernization programs worldwide. In the United States, both the U.S. Navy and the Defense Innovation Unit (DIU) are actively advancing multiple AUV initiatives.
Under the DIU’s Large Diameter Unmanned Underwater Vehicle (LDUUV) effort, Kongsberg Discovery has conducted extensive in-water trials of its HUGIN AUV family, featuring long-endurance platforms optimized for seabed mapping, mine countermeasures, and intelligence missions.
Meanwhile, Anduril has been selected by the U.S. Navy to prototype its Dive-LD AUV, designed for long-range, persistent underwater sensing and payload delivery—underscoring Pentagon interest in scalable autonomous maritime solutions. Additionally, Oceaneering has been contracted to develop the Freedom AUV, aimed at enhancing autonomous sensing and operational reach in complex undersea environments.
