Tech Company Financing Transactions
HavocAI Funding Round
HavocAI, based in Providence, received $85 million from B Capital Group, Hanwha Holdings and In-Q-Tel.
Transaction Overview
Company Name
Announced On
10/10/2025
Transaction Type
Venture Equity
Amount
$85,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The funding will directly support multiple strategic initiatives, including the following primary missions: Additional Vessel Integration: Beyond HavocAI's current fleet of 14', 38', 42', and 100' vessels, funding will enable integration onto entirely new vessel types and sizes, increasing the capability and interoperability of platforms leveraging HavocAI's technology. Supporting Increased Demand: Funding will enable HavocAI to increase manufacturing capacity to meet the U.S. military's demand signal to build thousands of autonomous boats that can be used immediately. Aiding Allies & Partners: Funding will increase HavocAI's ability to operate in non-US areas of responsibility and provide additional direct support to our international allies and partners, especially in the Indo-Pacific.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
225 Dyer Street, 2nd Floor
Providence, RI 02903
USA
Providence, RI 02903
USA
Phone
Undisclosed
Website
Email Address
Overview
Constrained by outdated and costly R&D and production models, the U.S. and allies are unable to build sufficient maritime capacity to meet increasing global demands, nor advance their technological capabilities fast enough to maintain advantage over adversaries.
Management Team
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