Fundraising Fox

Vatn

Providence, US · 3 known investors

Vatn designs and manufactures low-cost, modular autonomous underwater vehicles with proprietary autonomy, navigation, and control software for undersea ISR, logistics, sensing, and payload delivery missions. Its systems are used by defense, research, and commercial customers, including U.S. DoD and NATO partners operating in contested maritime environments.

Defense TechHardwareRobotics

Founders & leadership

FMFrederick Mills
Frederick MillsinCo-founder · Chief Operating OfficerDirector at Vatn Systems
NM
Nelson MillsCo-founder
FM
Freddie MillsCo-founder
GM
Geoff ManchesterCo-founder
DH
Dan HendrixCo-founder

Investors · 3

Airbus VenturesMenlo Park · $1M
BVVCreportedBurr Ridge
Lockheed Martin VenturesreportedBethesda

In the news

Vatn Systems Raises $60 Million To Scale Undersea Vessel Development And Manufacturing - Defense Dailydefensedaily.com · Dec 2025Vatn Systems Raises $60 Million Series A to Redefine Underwater Naval Warfare at Scalefinance.yahoo.com · Dec 2025Vatn Systems Raises $60M in Series A Fundingfinsmes.com · Dec 2025Vatn Systems raises $13 million to advance autonomous underwater vehicles for US defense - Defense and Munitionsdefenseandmunitions.com · Nov 2024Vatn Systems raises $16.5M in seed fundingpbn.com · Nov 2024

Frequently asked questions

What does Vatn do?
Vatn designs and manufactures low-cost, modular autonomous underwater vehicles with proprietary autonomy, navigation, and control software for undersea ISR, logistics, sensing, and payload delivery missions. Its systems are used by defense, research, and commercial customers, including U.S. DoD and NATO partners operating in contested maritime environments.
Who founded Vatn?
Vatn was founded by Frederick Mills, Nelson Mills, Freddie Mills, Geoff Manchester, Dan Hendrix.
Who are Vatn's investors?
Vatn's investors include Airbus Ventures, BVVC, Lockheed Martin Ventures.
Where is Vatn headquartered?
Vatn is headquartered in Providence, US.