RI-based Vatn Systems raises $60M Series A to redefine underwater naval warfare at scale

Rhode Island Making Waves

• Fortune: HavocAI raises $85M to sell autonomous boats to the U.S. military as startups vie for money set aside in Big Beautiful Bill
• The EV Report: Flux Marine Secures $15M for Outboard Production
• Nosh.com: Hope & Main breaks ground on new commercial kitchen
• Ocean News & Technology: Top defense investors encourage agility, speed in innovation at Defense Investment Forum
• Rhode Island Current: R.I. Commerce awards $6.8M in tax incentives for AAA insurer expansion plans
• Defense Industry Europe: Anduril to open new Rhode Island factory to produce AI-powered underwater vehicles
• WJAR-TV: Leaders celebrate the opening of new defense technology manufacturing facility at Quonset
• State of Rhode Island: Governor McKee announces record 29.4 million visitors to Rhode Island in 2024
• Rhode Island Current: Rhode Island’s tourism economy is resilient, remarkable and rooted in history
• Waterson Terminal Services: Port of Providence welcomes L3Harris Technology as newest defense sector tenant
• Rhode Island Commerce: Governor McKee and Rhode Island Commerce announce investment to create new jobs
• Seapower Magazine: Undersea technology is a top priority for national security leaders
• Providence Journal: Offshore wind delivered hope for a clean energy future
• Yahoo! News: Bryant’s Global Trade Summit delves into trade policy, AI impact
• EastBayRI: The blue economy expands at Unity Park with three new tenants

We traveled to Quebec earlier this month to represent the Ocean State at the 2025 Naval Quebec Annual Conference.

While in town, our business development team led a presentation focused on Rhode Island’s success in becoming a premier soft-landing spot for businesses looking to launch, grow and thrive in the defense sector.

Rhode Island Commerce was proud to organize a breakout session focused on ocean technology at Bryant University’s Global Trade Summit, held in late September.

We were joined by a diverse panel of ocean economy leaders, including representatives from JF Moran, Quonset Development Corporation, NavalX, Waterson Terminal Services, LLC and Senesco Marine LLC Marine.