ThayerMahan, a Connecticut-based firm specializing in autonomous maritime surveillance solutions, has successfully raised $30 million in Series C funding. The Groton-based company will utilize the funds to expand its operations and extend its business reach.
The funding round was spearheaded by MC2 Security Fund (MC2), with contributions from other investors such as I Squared Capital, Ducenta Squared Asset Management, Compass Partners, AE Industrial Partners, Hegemon Capital, and an affiliate of RiverPark Ventures.
Established in 2016, ThayerMahan is led by CEO Mike Connor. The company offers innovative maritime domain data solutions catering to diverse sectors such as maritime security, defense and intelligence, subsea infrastructure, offshore energy, living marine resources, and acoustic sciences. ThayerMahan supplies data insights to clients by deploying and managing a range of unmanned autonomous sea-based systems.
The company’s proprietary AI technology stack gathers and organizes data sets, enabling rapid analysis and comprehension of data. The recently secured funding will empower ThayerMahan to strengthen its position in the industry by enhancing its operations and extending its market reach.