The round was led by the MC2 Security Fund (MC2). Other notable new investors in the round include I Squared Capital, Ducenta Squared Asset Management and Compass Partners (who also served as financial advisors to the Company), along with additional participation by existing investors AE Industrial Partners, Hegemon Capital, and an affiliate of RiverPark Ventures.

ThayerMahan is a maritime technology company dedicated to providing its government and commercial clients with turn-key autonomous marine solutions, including deployment, operations, data gathering and analysis services, using state-of-the-art acoustic and electronic sensors integrated on a variety of host platforms tailored to specific mission criteria.