Fundraising Fox

ThayerMahan

Mystic, US · Founded 2016 · Delaware corporation · 6 known investors

ThayerMahan develops autonomous maritime surveillance and ocean intelligence systems for undersea and offshore monitoring, serving national security and commercial offshore operations. The company focuses on integrated maritime awareness solutions for defense and commercial customers.

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Founders & leadership

ThayerMahan was founded in 2016 by Michael J Connor.

MJ
Michael J ConnorFounder
RH
Richard HineExecutive

Board

MS
Mordecai SchajaBoard director
JK
John KaoBoard director

Investors · 6

AE Industrial PartnersBoca Raton
Boeing HorizonX VenturesChicago · $100K – $10M
Connecticut InnovationsNew Haven · $500K – $2Mvia Kevin Crowley · led
RiverPark VenturesNew York · $500K – $1M
Hanwha Asset ManagementreportedSeoul
I Squared CapitalreportedMiami

Reported raises · per SEC filings

Form D private placements

$67.5M disclosed across 3 rounds · 2016–2023

▶$14.5MraisedDec 2023 · 2 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Brian PrinceDirector
  • Michael J ConnorExecutive Officer, Director
  • Kirk KonertDirector
  • Mordecai SchajaDirector
  • Richard HineExecutive Officer, Director
  • Ryan KoenitzerExecutive Officer
  • Chad SweetDirector
Offering amount
$24.3M
Amount sold
$14.5M
First sale
Nov 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$50.2MraisedApr 2023 · 44 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael J ConnorExecutive Officer, Director
  • Chad SweetDirector
  • Brian PrinceDirector
  • Kirk KonertDirector
  • Richard HineExecutive Officer, Director
  • Mordecai SchajaDirector
  • Ryan KoenitzerExecutive Officer
Offering amount
$50.2M
Amount sold
$50.2M
Proceeds to insiders
$3.1M
First sale
Feb 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.7MraisedApr 2017 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • John KaoDirector
  • Richard HineExecutive Officer, Director
  • Mordecai SchajaDirector
  • Michael J ConnorExecutive Officer, Director
Offering amount
$2.7M
Amount sold
$2.7M
First sale
Feb 2016
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 1

by search overlap
Breakingdefense8 shared keywordsBreaking Defense is a digital news publication covering defense industry, military technology, and national security developments, serving defense professionals, policymakers, and industry stakeholders. It publishes reporting and analysis on topics such as naval systems, drones, air defense, and defense procurement across the US, Europe, and Asia.

Companies competing with ThayerMahan for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. NavyNavyPhase II2023$1.2M
U.S. NavyNavyPhase I2021$239.9K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

ThayerMahan: Autonomous Maritime Surveillance Solutions Company Raises $20 Millionpulse2.com · Jan 2024Groton’s ThayerMahan raises $20M for growth in autonomous maritime surveillance techhartfordbusiness.com · Jan 2024ThayerMahan raises $20 million of additional Series C Fundingprnewswire.com · Jan 2024ThayerMahan wins $19M federal contract; funding to support continued work on autonomous maritime sensing technologyprnewswire.com · Nov 2023

Frequently asked questions

What does ThayerMahan do?
ThayerMahan develops autonomous maritime surveillance and ocean intelligence systems for undersea and offshore monitoring, serving national security and commercial offshore operations. The company focuses on integrated maritime awareness solutions for defense and commercial customers.
Who founded ThayerMahan?
ThayerMahan was founded by Michael J Connor in 2016.
Who are ThayerMahan's investors?
ThayerMahan's investors include AE Industrial Partners, Boeing HorizonX Ventures, Connecticut Innovations, RiverPark Ventures, Hanwha Asset Management, I Squared Capital.
How much funding has ThayerMahan raised?
ThayerMahan has disclosed $67.5M raised across 3 rounds.
Where is ThayerMahan headquartered?
ThayerMahan is headquartered in Mystic, US.