Vatn Systems - About the company
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 and DYNE Asset Management. The company has 278 active competitors, including 39 funded and 24 that have exited. Its top competitors include companies like Savvy Navvy, Planys Technologies and Rovco.
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
Investors
Ranked
10th among 278 active competitors
Employee Count
90 as on Jun 30, 2026
Investment & Acquisitions
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Vatn Systems's funding and investors
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 | 3440496 | Series A | 3326629 | 3902643 | 5425252 | 8890770 |
Oct 09, 2024 | 2470016 | Seed | 5067655 | 1188047 | 6753695 |
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Vatn Systems' founders and board of directors
Founder? Claim ProfileThe 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 90 employees as of Jun 26. Here is Vatn Systems's employee count trend over the years:
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Vatn Systems's Competitors and alternates
Top competitors of Vatn Systems include Savvy Navvy, Planys Technologies and Rovco. Here is the list of Top 10 competitors of Vatn Systems, ranked by Tracxn score:
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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 | 68/100 | |
3rd |  Rovco 2016, Bristol (United Kingdom), Deadpooled | Provider of AI-driven ROVs and services for inspection of ships | $38.5M | 66/100 | |
4th | Provider of autonomous underwater vehicles and data analytics platform services | $3.44M | 63/100 | ||
5th | Bedrock 2019, Brooklyn (United States), Series A | Operator of autonomous underwater vehicles providing high-resolution seafloor data services | $62.9M | 63/100 | |
6th | Kraken Robotics 2008, Paradise Cove (Canada), Public | Provider of unmanned maritime vehicles | - | 61/100 | |
7th | Manufacturer of remotely operated underwater vehicles and related accessories | $17.5M | 59/100 | ||
8th | Rekise Marine 2017, Bengaluru (India), Seed | Manufacturer of autonomous robotic solutions | $14.4M | 59/100 | |
9th |  Seasats 2020, San Diego (United States), Series A | Manufacturer of unmanned surface vehicles for sea inspection | $50.1M | 57/100 | |
10th |  Vatn Systems 2023, Portsmouth (United States), Series A | Developer of autonomous underwater vehicles | $76.5M | 57/100 |
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Vatn Systems's Investments and acquisitions
Vatn Systems has acquired Crewless Marine. Vatn Systems has not made any investments as of now.Reports related to Vatn Systems
Here is the latest report on Vatn Systems's geography:
News related to Vatn Systems
Media has covered Vatn Systems for a total of 8 events in the last 1 year, 2 of them have been about company updates.
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Hybron Technologies Receives Investment From Veteran Ventures CapitalFinSMEs•Apr 10, 2026•Veteran Ventures Capital, Hybron, Vatn Systems, Turion Space and 1 other
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Vatn Systems Acquires Crewless Marine to Enhance Autonomous Underwater Vehicle CapabilitiesMarine Technology News•Jan 08, 2026•Crewless Marine, Vatn Systems
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Hanwha Group Invests in U.S. Underwater Drone DeveloperBusinesskorea•Dec 11, 2025•Hanwha, Bravo Victor Venture Capital, Lockheed Martin, Trousdale Ventures and 11 others
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Hanwha Aerospace signs a KRW 705.4 billion L-SAM mass production contract with the Defense Acquisition Program AdministrationKorea Newswire•Nov 28, 2025•Hanwha, LIG Nex1, Bravo Victor Venture Capital, Lockheed Martin and 12 others
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Vatn Systems Unveils New AUV-Torpedo Product Line and Opens Manufacturing FacilityPR Newswire•May 12, 2025•Vatn Systems
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Vatn Systems Raises $13 Million Seed Round to Advance Autonomous Underwater Vehicles for US Defenseintelligence360•Nov 25, 2024•Vatn Systems, DYNE Asset Management, Lockheed Martin, RTX and 9 others
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Vatn Systems: Defense Technology Company Raises $13 Million (Seed)Pulse 2.0•Nov 20, 2024•Vatn Systems, DYNE Asset Management, Lockheed Martin, RTX and 10 others
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