Vatn Systems develops autonomous underwater vehicles and navigation software.
Vatn Systems develops autonomous underwater vehicles and navigation software for GPS-compromised environments, with applications in exploration, environmental monitoring, and defense. Founded in 2023 by Nelson Mills, the company is based in Rhode Island, US. It raised USD 60 million in Series A funding in October 2025, led by Bravo Victor Venture Capital, with 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 participating.
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