The successful completion of a $11 million Seed round of fundraising has been announced by HavocAI company, a pioneer in autonomous unmanned surface vessel technology. Scout Ventures headed the round, Trousdale Ventures co-led it, and Outlander VC, The Veteran Fund, BV.VC, Decisive Point, Alumni Ventures, and New North Ventures also participated. HavocAI’s goal of enabling ultra low-cost autonomous surface vessels to operate at an unprecedented scale across both defence and commercial markets will be fuelled by this critical funding.
“We are thrilled to have such a distinguished group of investors who deeply understand our vision and are committed to supporting us on this journey,” stated Paul Lwin, CEO of HavocAI. “With the help of this financing, we can increase our production capacity and grow our team to meet the increasing demand from both our existing and new customers.”
The technology that will enable a single operator to command and manage hundreds of autonomous assets is being pioneered by HavocAI. The company’s cutting-edge platform is intended to offer substantial operational dependability, cost savings, and scalable solutions for a variety of applications, ranging from business endeavours to defence operations.
In addition to the help of this most recent finance, HavocAI will be able to increase its production capacity, improve product development, and quickly attract new clients, keeping the business at the forefront of autonomous unmanned vessel technology.
Scout Ventures Managing Partner Brad Harrison stated, “We’re thrilled to support HavocAI as they continue to push the boundaries of what’s possible in USV technology.” “Their technology has the potential to dramatically transform the industry, and we look forward to seeing the impact they’ll make.”
