Vatn Systems has raised $60 million in Series A funding to accelerate the production and development of autonomous underwater vehicles (AUVs) for the US military, allied forces, and commercial markets. The investment highlights the growing global demand for uncrewed maritime platforms as navies modernize their undersea warfare and surveillance capabilities.
The funding round was led by BVVC, with participation from new strategic investors including Hanwha, Geodesic Capital, Airbus Ventures, Dauntless Ventures, Trousdale Ventures, and Veteran Ventures Capital. Existing backers such as 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 underwater systems are becoming a core element of naval modernization strategies worldwide, offering persistent surveillance, mine countermeasures, seabed mapping, and intelligence-gathering capabilities. In the United States, both the US Navy and the Defense Innovation Unit (DIU) are advancing multiple AUV programs to enhance undersea domain awareness.
Recent efforts include Kongsberg Discovery’s in-water demonstrations of its HUGIN AUV family, designed for long-endurance missions under the DIU’s Large Diameter Unmanned Underwater Vehicle program. Meanwhile, Anduril has been selected to prototype its Dive-LD AUV, and Oceaneering is developing the Freedom AUV, reflecting the Pentagon’s strong push toward scalable and persistent autonomous maritime systems.
