AUSTIN, Texas, March 31, 2026 /PRNewswire/ -- Saronic Technologies today announced it has closed $1.75 billion in Series D funding to advance its mission of ensuring maritime superiority for the U.S. and its allies by delivering autonomous platforms at scale across defense and commercial sectors. The round was led by Kleiner Perkins and values the company at $9.25 billion.
Saronic welcomes Advent International, Bessemer Venture Partners, DFJ Growth, BAM Elevate, and other new partners and recognizes the continued commitment of its existing investors, including 8VC, Caffeinated Capital, Andreessen Horowitz, Elad Gil, and Franklin Templeton.
At a pivotal moment for global security and economic competition, Saronic is delivering net new shipbuilding capacity made possible by its autonomy-first design approach coupled with modern manufacturing infrastructure. The ability to produce advanced, highly capable autonomous ships at scale is critical to preserving the industrial strength required to project power, protect trade, and sustain long-term resilience at sea.
"Over the past decades, the U.S. has experienced a steady erosion of its ability to build ships and manufacture critical maritime infrastructure," said Dino Mavrookas, Co-Founder and CEO of Saronic. "We are confronting this challenge with a fundamentally new model of American shipbuilding, one that integrates first-principles engineering, advanced manufacturing, and software-defined production to deliver autonomous vessels with unprecedented speed, precision, and scale. The new capital will accelerate Saronic's ability to bring that model to life, generate entirely new classes of autonomous ships and maritime capabilities, and scale U.S. shipbuilding capacity on a timeline not seen since World War II."
Building Strength Through Industrial Capacity
An important component to Saronic's efforts is the development of Port Alpha — its next generation shipyard — alongside the rapid expansion of its existing production facilities in Louisiana and Texas. This capital will allow Saronic to accelerate the growth and maturation of its shipbuilding enterprise, one that is defined by innovation, scalability, and strategic impact.
"Maritime dominance isn't just about technology — it requires the production capacity to field it at scale," said Ilya Fushman, Kleiner Perkins Partner. "Those two things rarely come together. What makes Saronic special is that they're building both: autonomous ships designed from day one to push the boundaries of what's possible, and the manufacturing infrastructure to produce them consistently. That's what turns a technical breakthrough into an enduring platform advantage. It is an honor to support a company at the forefront of autonomous systems and advanced manufacturing, driven by mission and purpose."
Delivering Technological Advantage in the Maritime Domain
This new capital will also support the continued advancement, expansion, and scaled production of Saronic's portfolio of autonomous surface vessels and AI-driven maritime capabilities. In response to growing demand from U.S. and allied customers for platforms with greater range, endurance, and payload capacity, Saronic will rapidly scale its family of vessels—from the 24-foot Corsair to the 180-foot Marauder and beyond.
The company will also use the capital to explore solutions that address the full spectrum of challenges in the maritime domain, including those at the intersection of surface and subsurface.
Continuing the Momentum
This news builds on Saronic's successes and momentum from 2025, during which time it scaled from the leader in advanced autonomous maritime systems to an international maritime force. The company raised a $600M Series C at a $4B valuation, generated significant growth with the US government including a $392M production contract with the US Navy, and unveiled its inaugural 180-ft autonomous ship, Marauder, with the first hull completed in less than six months, and less than eight months after acquiring the facility to build it.
Recognizing the urgency of the moment, Saronic acquired its Louisiana shipyard and committed $300M to its 300,000 sq. ft. expansion, which will create 1,500 new high-quality jobs across the region. Further, Saronic expanded its Austin headquarters to more than 500,000 sq. ft., opened new hubs in San Diego and Washington, D.C., and launched operations in the UK and Australia. With headcount surpassing 1,300 and partnerships that are driving business across commercial and defense sectors, as well as rapid technological advancement Saronic is on track to revitalize American shipbuilding in the era of autonomy.
CONTACT: press@saronic.com
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Saronic Closes $1.75B Series D at $9.25B Valuation to Accelerate a New Era of Maritime Autonomy
DALLAS, Texas, March 31, 2026 /PRNewswire/ -- The North American data center market is experiencing unprecedented growth, driven by the surge in cloud computing, AI applications, and increasing demand for high-performance digital infrastructure. As data consumption rises, operators face growing pressure to expand capacity quickly, maintain high reliability, and ensure operational safety, all while keeping construction timelines tight and managing costs. This rapid expansion creates a critical need for efficient, reliable, and compliant solutions that can support large-scale deployments.
NOARK addresses these challenges by providing data center power solutions supported by the global supply chain, combining robust logistics, short delivery cycles, and high safety and reliability standards. These solutions help data center operators overcome logistical hurdles, accelerate deployment, and maintain uninterrupted operations, meeting both performance and safety demands in an increasingly complex market.
Global Supply Chain : Rapid Delivery and industry-leading Reliability
Leveraging the strength of the global integrated supply chain, NOARK can help clients in North America receive a consistent and reliable supply of products and solutions. By coordinating production, logistics, and quality control across the global network, NOARK ensures projects stay on schedule without compromising component quality. Customers benefit from a seamless supply experience, rapid delivery and industry-leading reliability backed by the confidence of a trusted global group. In a North American data center project, the delivery was completed two months ahead of the agreed schedule，going beyond the customer's expected timeline.
Agile Collaboration and Global Resource Integration
The R&D design team of NOARK, working closely with its local team, conducts rapid analysis and breakdown of customer requirements, ensuring solutions are precisely tailored to client needs. The team efficiently designs, develops, and delivers both products and integrated solutions. This collaborative approach reflects NOARK's commitment to high-performance teamwork, agile execution, and customer-centric service, enabling clients to implement projects quickly and confidently.
Short Delivery Cycles: Meeting Time-Sensitive Project Needs
Time is critical in large-scale data center projects. NOARK's efficient production and logistics capabilities enable short lead times, allowing project teams to stay on track and meet demanding construction timelines. By reducing waiting periods for essential equipment, NOARK helps data centers accelerate deployment, avoid costly delays, and get systems online faster.
High Reliability and Safety: Protecting Mission-Critical Operations
In the high-stakes environment of data centers, safety and reliability are paramount. For instance, the NOARK low-voltage switchboards show higher performance with short circuit current. In data centers, it is vital that power is uninterrupted and redundancy is maintained. Our suite of Power Transformers ensures availability of supply and the right level of redundancy required in the system.
With superior electrical protection, thermal management, and mechanical durability, NOARK products ensure mission-critical systems continue operating safely under high-demand conditions. As a result, data center operators gain greater system stability, predictable performance, and long-term reliability throughout the full lifecycle of their infrastructure.
Regulatory Compliance and Industry Standards
NOARK's Transmission & Distribution solutions, low-voltage switchboard and related Circuit Protection products are designed and manufactured in full compliance with American electrical safety regulations, and UL 891 certifications. The products also adhere to environmental and quality management standards, ensuring sustainable and safe operation. By meeting these rigorous regulatory requirements, NOARK provides clients with confidence that their critical data center operations are supported by products that are both safe and fully compliant.
Andy Li, General Manager, NOARK, North America, said, "At NOARK, our mission is to help every customer achieve success. We understand the critical demands of data center projects in North America, and we are committed to delivering solutions that are timely, comprehensive, and reliable. By leveraging the strength of our global supply chain and expertise, we ensure our clients can operate confidently, scale efficiently, and meet the challenges of a rapidly growing market."
From new build projects to upgrades of existing facilities, NOARK's solutions provide operational confidence for data center operators. NOARK enables clients to focus on growth, innovation, and delivering uninterrupted services to their customers.
Patrick Woodham, General Manager, NOARK, USA and Canada, together with the company's Research and Development (R&D) team, made a strong impression on a North American customer through their professionalism and collaborative approach.
"NOARK delivered and implemented its solution on schedule, fully meeting our reliability requirements," said the customer. "Their global supply chain enabled seamless coordination across multiple facilities, and working with the NOARK team has been smooth and highly efficient."
With a decade of continuous development, NOARK has established a comprehensive portfolio of power distribution and control components, including power circuit breakers, molded case circuit breakers, motor control products, and variable frequency drives (VFDs). Looking ahead to 2026, NOARK will continue to progressively complete its medium-voltage product portfolio for applications up to and including 69 kV, further strengthening its capabilities medium-voltage power distribution systems.
About NOARK Electric
NOARK Electric is a leading provider of low, medium, and high-voltage electrical systems—including motor control, circuit protection, and distribution solutions. NOARK benefits from global R&D, resources, and innovation of its group. The company maintains R&D centers in Texas, Shanghai, and Prague, and serves customers worldwide.
na.noark-electric.com, nasales@noark-electric.com
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Reliable, Compliant, Globally Supported: NOARK Data Center Power Solutions for North America
