Vatn Systems
Builds the Skelmir family of low-cost autonomous underwater vehicles that double as lightweight torpedoes, with GPS-free inertial navigation.
Autonomous reconnaissance craft in the Baltic Sea, BALTOPS 2025. Photo: U.S. Navy photo by Petty Officer 2nd Class Ryan LeCompte, Public domain (PD-USGov-Military-Navy).
Funding history
| Date | Round | Amount |
|---|---|---|
| Dec 2025 | Series A | $60M |
Why it matters
Rhode Island factory able to produce up to 2,000 vehicles a year (May 2025); deepening work with the US Navy and Marine Corps; first international contract in Singapore.
Is Vatn Systems publicly traded?
Vatn Systems is privately held as of November 14, 2026: there is no ticker and no announced IPO. Shares are not available on public exchanges.
Information only, not investment advice.
Key figures confirmed by multiple sourcesLast verified November 14, 2026
Vatn Systems: key questions
What does Vatn Systems do?
Builds the Skelmir family of low-cost autonomous underwater vehicles that double as lightweight torpedoes, with GPS-free inertial navigation.
What does Vatn Systems make?
Products named by Vatn Systems include Skelmir S6 and Skelmir S12.
Where is Vatn Systems based?
Vatn Systems is headquartered in Bristol, Rhode Island. It was founded in 2023.
How much funding has Vatn Systems raised?
Total funding is ~$76.5M, based on announced and reported rounds. Latest round: Series A, $60M, Dec 2025.
Who are Vatn Systems' investors?
Notable investors include BVVC, Hanwha, Airbus Ventures, Lockheed Martin Ventures, SAIC Ventures, DYNE Ventures.
Is Vatn Systems publicly traded?
Vatn Systems is privately held as of November 14, 2026: there is no ticker and no announced IPO. Shares are not available on public exchanges.
Can you buy Vatn Systems stock?
Not on a public exchange: Vatn Systems is a private company. Shares of private companies change hands only in private transactions open to accredited investors, when the company allows it. This is not investment advice.
Sources
- pulse2.com/vatn-systems-60-million-series-a/
- marinetechnologynews.com/amp/news/systems-launches-rhode-island-648693
- tectonicdefense.com/vatn-raises-60m-series-a/
Figures come from company announcements, government sources and press reports. Spot an error? Send a correction. Nothing here is investment advice.
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