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Latham & Watkins Advises Saronic in US$55 Million Series A Funding
October 27, 2023
Emerging Companies & Growth team represents maritime autonomy company in funding round.
Saronic, a maritime autonomy company focused on surface vessels, has announced a US$55 million Series A funding round led by Caffeinated Capital, 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. With this raise, Saronic will accelerate research and development while expanding in-house manufacturing capacity for rapid production.
Latham & Watkins LLP advised Saronic in the transaction with an Emerging Companies & Growth team led by Bay Area partner Benjamin Potter, with associates Chris Pham and Kayleigh Kuyon.