Drone shipbuilder Saronic raises $1.75 billion

Saronic Technologies, an autonomous military boat startup, has secured $1.75 billion in funding, reflecting heightened investor confidence in defense technology companies. CEO Dino Mavrookas detailed plans to utilize the capital to expand the production capacity of its unmanned ships. This substantial investment highlights the growing demand for advanced defense solutions and Saronic's strategic position in the rapidly evolving autonomous maritime sector.