Seasats Raises $20 Million in Series A Funding

San Diego-based defense technology company Seasats announced the completion of a $20 million Series A financing round. The funding will be used to scale the production of its autonomous surface vessels.

Investment Details and Participants

Konvoy Ventures led the Series A round, with participation from Shield Capital, DNS Capital, Techstars, Tanis Venture Management, Crumpton Ventures, and Dorado Group. This brings the total funding raised by Seasats to over $40 million.

Focus on Maritime Autonomy

Seasats specializes in developing long-endurance autonomous surface vessels designed for defense, commercial, and scientific applications. The company aims to provide low-cost, scalable maritime autonomy solutions.

Expanding Capabilities and Team

According to a company statement, the new funds will support expansion of facilities, product lines, and team growth. This expansion is in response to increasing demand for their autonomous vessel technology.

Company Vision and Approach

Mike Flanigan, chief executive and co-founder of Seasats, explained the company’s focus: “Robotics typically deliver value by automating tasks across one or more of the three D’s: dirty, dull and dangerous.” He added, “We've focused on attacking the ‘dull’ problem, making vessels that can reliably operate for weeks or months, just like Navy and utility ships do.”

Recent Contracts and Recognition

Founded in 2020 by Mike Flanigan, Dan Flanigan, Dylan Rodriguez, and Max Kramers, Seasats has recently secured over $100 million in U.S. government contracts. In the past year, the company has been awarded contracts from the U.S. Marine Corps and the U.S. Navy.

Department of Defense Program

Seasats was also selected for the Department of Defense’s Accelerate the Procurement and Fielding of Innovative Technologies program. This program supports innovative capabilities that are ready for scaling and deployment.

Industry Perspective

Jason Chapman, co-founder and managing partner at Konvoy Ventures, stated, “Seasats has delivered what much of the market continues to promise: operationally proven autonomous surface vehicles that can deploy and meet the mission.” He further noted the company’s strong position to lead the next phase of maritime autonomy.