Vatn Systems raises $13m in seed round to advance US Defense AUVs

Vatn Systems, a defense technology company building autonomous underwater vehicles for the US military and allies, has raised a $13 million seed round, bringing total funding to $16.5 million.

The round was led by DYNE Ventures with participation from Lockheed Martin Ventures, RTX Ventures, In-Q-Tel (IQT), Propeller Ventures, SAIC Ventures, Cubit Capital, Fortitude Ventures and existing investors that include Centre Street Partners, The Veteran Fund, Blue Collective, and Decisive Point.