KO Client Seasats Closes $20M Series A Financing

KO client Seasats, a leading manufacturer of small uncrewed surface vehicles (sUSVs), recently closed a $20 million Series A financing.

The funding will enable Seasats to expand production and respond to rapid growth in market demand, according to the announcement. The round was led by Konvoy Ventures with participation from Shield Capital, DNS Capital, Techstars, Tanis Venture Management, Crumpton Ventures, Dorado Group, and other strategic investors. The Series A follows several U.S. government contracts awarded to Seasats.

“Robotics typically deliver value by automating tasks across one or more of the three D’s: dirty, dull, and dangerous,” said Mike Flanigan, CEO and co-founder of Seasats. “We’ve focused on attacking the ‘dull’ problem, making vessels that can reliably operate for weeks or months, just like Navy and utility ships do. That approach has won tremendous support from users and investors, and this funding underscores that.”

KO partner Kevin Gibson, attorney John Kyed, and paralegal Sara Richissin represented Seasats in the financing. Read more in the press release, FinSMEs, Workboat, and more.