Tech Company Financing Transactions
Vatn Systems Funding Round
Vatn Systems, based in Portsmouth, secured $13 million from Blue Collective, Centre Street Partners and Cubit Capital.
Transaction Overview
Company Name
Announced On
11/12/2024
Transaction Type
Venture Equity
Amount
$13,000,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its development efforts.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
Undisclosed
Portsmouth, RI Undisclosed
USA
Portsmouth, RI Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Vatn Systems builds affordable autonomous underwater vehicles that act in cooperative swarms, enabling a multitude of new use cases. At the core of Vatn's R&D efforts is advanced navigation software that is effective in GPS, vision, and comms compromised environments while reducing hardware costs.
Management Team
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