Overview
Vatn Systems, a defense technology company, has acquired Crewless Marine, a Rhode Island-based firm specializing in underwater acoustic sensing. The acquisition aims to enhance Vatn's capabilities in undersea warfare and reduce supply chain dependencies. Terms of the deal were not disclosed, but Vatn recently raised $60 million in Series A funding and made its first international sale to Singapore's defense agency.
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Vatn Systems, a defense technology company, has acquired Crewless Marine, a Rhode Island-based firm specializing in underwater acoustic sensing. The acquisition aims to enhance Vatn's capabilities in undersea warfare and reduce supply chain dependencies. Terms of the deal were not disclosed, but Vatn recently raised $60 million in Series A funding and made its first international sale to Singapore's defense agency.
Investors: BVVC
Vatn Systems, backed by Lockheed Martin Ventures, raised $60 million in Series A funding to develop autonomous underwater vehicles for military and commercial use. The round was led by BVVC and included multiple investors, addressing a growing demand for scalable AUV technology.