# Vatn Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vatn-systems

- Industry: Defence
- Headquarters: US
- Website: www.vatnsystems.com
- Total disclosed funding: $76M
- Latest round: Series A (Oct 1, 2025)
- Investors on record: 19

## About

Based in Rhode Island, US, and founded in 2023 by CEO Nelson Mills, Vatn Systems, Inc., a.k.a. Vatn Systems operates as a defense technology company that focuses on developing autonomous underwater vehicles (AUVs) with advanced navigation capabilities. The company’s solutions are designed for environments where traditional GPS fails, serving diverse applications from marine exploration to defense. In October 2025, Vatn Systems, Inc. raised USD 60 million in series A funding led by Bravo Victor Venture Capital, with participation from Hanwha Corporation, Geodesic Capital, Airbus Ventures, Dauntless Ventures, Trousdale Ventures, Veteran Ventures Capital, Propeller, Decisive Point, SAIC Venture Capital, Centre Street Partners, Cubit Capital, Lockheed Martin Ventures and DYNE Ventures.

Vatn Systems specializes in the development of autonomous underwater vehicles (AUVs) designed for cooperative swarming operations. The company’s core product offerings include advanced navigation software and modular AUVs that can be deployed across various platforms including hand, air, and surface vessels. These AUVs operate in GPS-compromised environments, enabling applications such as marine exploration, environmental monitoring, and defense operations. The firm’s products are tailored to meet diverse mission requirements. Vatn Systems serves a global client base that includes government agencies, research institutions, and commercial enterprises, particularly in North America, Europe, and parts of Asia.

Vatn Systems generates revenue through direct sales of its autonomous underwater vehicles and associated software solutions to commercial and government entities. The company engages in B2B transactions where clients purchase tailored products. 

The company plans to utilize the December 2025 funding to strengthen its collaborations with the U.S. Navy and Marine Corps while also broadening its international clientele.

## Funding rounds

- Series A, Oct 1, 2025, $60M — Centre Street Partners, Veteran Ventures Capital, Airbus Ventures, Geodesic Capital, Lockheed Martin Ventures, SAIC Venture Capital, Trousdale Ventures, Decisive Point, Hanwha Corporation, Propeller, Cubit Capital, DYNE Ventures, Bravo Victor Venture Capital, Dauntless Ventures
- Seed, Oct 9, 2024, $16M — Centre Street Partners, In-Q-Tel, Blue Collective, Lockheed Martin Ventures, SAIC Venture Capital, Propeller, Decisive Point, The Veteran Fund, RTX Ventures, Cubit Capital, DYNE Ventures, Fortitude Ventures

## Investors

- Centre Street Partners (https://capitalatlas.ai/funds/centre-street-partners) — Seed, Series A
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Seed
- Blue Collective (https://capitalatlas.ai/funds/blue-collective) — Seed
- Lockheed Martin Ventures (https://capitalatlas.ai/funds/lockheed-martin-ventures) — Seed, Series A
- SAIC Venture Capital (https://capitalatlas.ai/funds/saic-venture-capital) — Seed, Series A
- Propeller — Seed, Series A
- Decisive Point (https://capitalatlas.ai/funds/decisive-point) — Seed, Series A
- The Veteran Fund (https://capitalatlas.ai/funds/the-veteran-fund) — Seed
- RTX Ventures (https://capitalatlas.ai/funds/rtx-ventures) — Seed
- Cubit Capital (https://capitalatlas.ai/funds/cubit-capital) — Seed, Series A
- DYNE Ventures (https://capitalatlas.ai/funds/dyne-ventures) — Seed, Series A
- Fortitude Ventures (https://capitalatlas.ai/funds/fortitude-ventures) — Seed
- Veteran Ventures Capital (https://capitalatlas.ai/funds/veteran-ventures-capital) — Series A
- Airbus Ventures (https://capitalatlas.ai/funds/airbus-ventures) — Series A
- Geodesic Capital (https://capitalatlas.ai/funds/geodesic-capital) — Series A
- Trousdale Ventures (https://capitalatlas.ai/funds/trousdale-ventures) — Series A
- Hanwha Corporation — Series A
- Bravo Victor Venture Capital (https://capitalatlas.ai/funds/bravo-victor-venture-capital) — Series A
- Dauntless Ventures (https://capitalatlas.ai/funds/dauntless-ventures) — Series A