Hanwha Asset Management

Assembly Line

ThayerMahan raises $20 million of additional Series C Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ThayerMahan, Hanwha Asset Management

ThayerMahan, a world leader in autonomous maritime surveillance solutions, closed $20 million in follow-on Series C funding led by Hanwha Asset Management. Existing investors, including MC2 Security Fund, AE Industrial Partners, I Squared Capital, and Yellow Sub Funding participated pro rata in the round. The investment follows a $30 million Series C investment led by MC2 Security Fund in April 2023.

ThayerMahan products and services are used to detect marine mammals, mitigate offshore construction noise, and deliver a wide range of undersea detection and security services. After three years of rapid sales growth, the company is an emerging leader in offshore energy support services and national security applications.

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