HavocAI Raises $11M Seed Round

HavocAI Inc. which is in the business of autonomous uncrewed surface vessels (USV) has recently secured $11 million in seed funding round.

This funding will enable HavocAI to expand the production line and hire more employees to cater to the high demand from both the defense and commercial markets.

• Scout Ventures was the main investor of the round, followed by Trousdale Ventures, Outlander VC, The Veteran Fund, and BV. VC, Decisive Point, Alumni Ventures, and New North Ventures.

The company’s key objective is to design and manufacture relatively inexpensive, fully autonomous surface ships on a large scale.

With the help of developing their own technology, HavocAI wants to make it possible for one operator to manage thousands of unmanned ships, which will increase the effectiveness of the process on a large scale.

The company intends to use this $11 million investment to increase its production capacity, improve its products, and acquire new clients. Thus, with its unique platform, HavocAI is ready to remain at the forefront of the autonomous vessel market.

Paul Lwin, CEO of HavocAI said:

"We are thrilled to have such a distinguished group of investors who deeply understand our vision and are committed to supporting us on this journey, this capital allows us to scale our production capabilities and grow our team to meet the increasing demand from both our existing and new customers."

So AI is now everywhere, let's hope that HavocAI can bring real change with its AI tech.