When was Vatn Systems founded?

Vatn Systems was founded in 2023 and raised its 1st funding round 1 year after it was founded.

Where is Vatn Systems located?

Vatn Systems is headquartered in Portsmouth, United States.

Who is the current CEO of Vatn Systems?

Nelson Mills of Vatn Systems. They have also founded 1 company.

How many employees does Vatn Systems have?

As of Jul 31, 2026, the latest employee count at Vatn Systems is 88.

Is Vatn Systems a funded company?

Vatn Systems is a funded company, having raised a total of $76.5M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 09, 2024.

When was the latest funding round of Vatn Systems?

Vatn Systems' latest funding was a $***** Series A round on Dec 10, 2025, with participation from 14 investors.

Where does Vatn Systems rank among its competitors?

Vatn Systems ranks 11th amongst 331 active competitors, of which 40 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Rekise Marine, which secured $9.7M in May, 2026.

Who are the top competitors of Vatn Systems?

Vatn Systems' top competitors include Savvy Navvy, Planys Technologies and EyeROV. Among them, Rekise Marine secured the most recent funding round in May, 2026.

Vatn Systems - 2026 Company Profile, Team, Funding & Competitors

Vatn Systems is a series A company based in Portsmouth (United States), founded in 2023 by Nelson Mills. It operates as a Developer of autonomous underwater vehicles. Vatn Systems has raised $76.5M in funding from Bravo Victor Venture Capital. The company has 331 active competitors, including 40 funded and 24 that have exited. Its top competitors include companies like Savvy Navvy, Planys Technologies and EyeROV.

Company Details

Developer of autonomous underwater vehicles. It also offers navigation software to control and manage the systems.

Website: www.vatnsystems.com/
Social
Email ID: *****@vatnsystems.com

Key Metrics

Founded Year

2023

Location

Portsmouth, United States

Stage

Series A

Total Funding

$76.5M in 2 rounds

Latest Funding Round

Series A, Dec 10, 2025, $*****

Investors

Bravo Victor Venture Capital & 22 more

Ranked

11^th among 331 active competitors

Employee Count

88 as on Jul 31, 2026

Investment & Acquisitions

Crewless Marine

Similar Companies

Savvy Navvy & 264 more

View Vatn Systems' full profile

Vatn Systems has raised a total funding of $76.5M over 2 rounds. Its first funding round was on Oct 09, 2024. Its latest funding round was a Series A round on Dec 10, 2025 for $*****. 14 investors participated in its latest round. Vatn Systems has 23 institutional investors.

Here is the list of recent funding rounds of Vatn Systems:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 10, 2025	3435293	Series A	3797034	3632525	1110892	3230831
Oct 09, 2024	1711480	Seed	7407758	8060516	4357656	Lockheed Martin & 11 more

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View details of Vatn Systems's funding rounds and investors

The founders of Vatn Systems is Nelson Mills. Nelson Mills is the CEO of Vatn Systems.

Here are the details of Vatn Systems' key team members:

Nelson Mills: Founder & CEO of Vatn Systems.
Contact Info: 1 email address

View details of Vatn Systems's Founder profiles and Board Members

Vatn Systems' employee count trend

Vatn Systems has 88 employees as of Jul 26. Here is Vatn Systems's employee count trend over the years:

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Top competitors of Vatn Systems include Savvy Navvy, Planys Technologies and EyeROV. Here is the list of Top 10 competitors of Vatn Systems, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Savvy Navvy 2017, Bournemouth (United Kingdom), Seed	Provider of a mobile app for marine navigation	$4.6M	-	69/100
2nd	Planys Technologies 2015, Chennai (India), Series B	Provider of marine underwater robotics inspection platform	$21.4M	Pratithi Investments, LetsVenture & 123 others	68/100
3rd	EyeROV 2016, Kochi (India), Seed	Provider of autonomous underwater vehicles and data analytics platform services	$3.44M	Unicorn India Ventures, GAIL & 13 others	67/100
4th	Rovco 2016, Bristol (United Kingdom), Deadpooled	Provider of AI-driven ROVs and services for inspection of ships	$38.5M	BOOST&Co, Foresight Williams & 32 others	63/100
5th	Kraken Robotics 2008, Paradise Cove (Canada), Public	Provider of unmanned maritime vehicles	-	Canadian Space Agency, Ocean Infinity & 1 others	61/100
6th	Bedrock 2019, Brooklyn (United States), Series A	Operator of autonomous underwater vehicles providing high-resolution seafloor data services	$62.9M	Primary Venture Partner, Northzone & 12 others	60/100
7th	Rekise Marine 2017, Bengaluru (India), Seed	Manufacturer of autonomous robotic solutions	$14.4M	Accel, NKSquared & 36 others	60/100
8th	Chasing 2000, Shenzhen (China), Series C	Manufacturer of remotely operated underwater vehicles and related accessories	$17.5M	Shenzhen Capital Group, Shenzhen Nanshan Strategic Emerging Industries Investment ... & 3 others	59/100
9th	Fifish 2016, Guangzhou (China), Series B	Provider of an unmanned underwater robot	$1.77M	Cowin Capital, Xiaomi & 3 others	58/100
10th	Seasats 2020, San Diego (United States), Series A	Manufacturer of unmanned surface vehicles for sea inspection	$50.1M	Konvoy Ventures, Shield Capital & 11 others	57/100
11th	Vatn Systems 2023, Portsmouth (United States), Series A	Developer of autonomous underwater vehicles	$76.5M	Blue Collective, Geodesic Capital & 21 others	57/100