On April 13, 2023, ThayerMahan, a world leader in autonomous maritime surveillance solutions, announced the closing of a $30 million Series C round, led by the MC2 Security Fund (MC2). Other notable new investors in the round included I Squared Capital, Ducenta Squared Asset Management, and Compass Partners, along with additional participation by existing investors AE Industrial Partners, Hegemon Capital, and an affiliate of RiverPark Ventures. Wilson Sonsini Goodrich & Rosati advised ThayerMahan on the transaction.

ThayerMahan provides maritime domain data solutions serving industry sectors including maritime security, defense and intelligence, subsea infrastructure, offshore energy, living marine resources, and acoustic sciences. The company delivers data insights to its customers by deploying and operating a portfolio of unmanned autonomous sea-based systems. Its proprietary AI technology stack collects and curates data sets - analyzing and accelerating the speed of data comprehension. This funding round will allow the company to accelerate development and deployment of unique technology and further advance its high performing AI-and autonomy-related technology.

The Wilson Sonsini team that advised ThayerMahan on the transaction included Mark Fitzgerald, Rich Evans, Leah Hengemuhle, Tamara Labanowski, Andrew Savage, and Daniel Jordan.

For more information, please see ThayerMahan's press release.