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Andreessen Horowitz Backs Military Drone Boat Startup At $1 Billion Valuation

Saronic hopes to build thousands of autonomous vessels, like its 14-foot Cutlass, pictured, that could serve as a wingman for the U.S. Navy’s fleet of warships.Saronic Saronic, a startup that makes autonomous military boats, has raised $175 million in a new funding round led by Andreessen Horowitz, marking another major bet on tech companies hoping to sell to the U.S. military. The Austin-based company closed on the series B funding round earlier this month, the company confirmed to Forbes after...

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