The Technology team advised General Catalyst in its investment in Saronic Technologies' $600 million Series C funding round to advance its mission of redefining maritime superiority for the United States and its allies. The round was led by Elad Gil and included existing investors a16z, Caffeinated Capital, and 8VC. With this funding, Saronic plans to build Port Alpha, a next-generation shipyard capable of delivering new classes of unmanned ships at the speed and scale needed to protect and defend the maritime domain. Port Alpha will enable the expansion of Saronic's Autonomous Surface Vessel (ASV) fleet into medium and large-class autonomous ships for defense applications.
General Catalyst is a global venture capital firm that invests in founders and companies that are changing the status quo in consumer, enterprise, fintech, health, security, manufacturing, and assurance sectors. General Catalyst's other portfolio companies include Stripe, Canva, Hubspot, Airbnb and Snap.
The Goodwin team was led by David Pendergast and Liza Craig, with support from Harley Brown, Hilarie Bellis Sexton, Michelle Gorshteyn, Jessica Aldrich, Katie Dee, Benjamin Horwitz, Izzy Greenblatt, Paul Jin and Justin Pierce.
For more information on the deal, please read the press release.