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Ulysses

San Francisco, CA · Founded 2023

Ulysses builds low-cost autonomous underwater and surface vehicles for defense, ocean science and commercial survey. Its Mako underwater vehicle launches from Leviathan, a surface mothership, and is recovered by Kraken, an autonomous launch and recovery system.

Profile

What it builds and who buys it

  • ·Mako has 72-hour endurance, a 5,000-foot depth rating and up to 200 lb of payload. Its chief executive told Tectonic it starts at around $50,000.Tectonic, Apr 17, 2026
  • ·Leviathan is a surface vessel of about 35 feet that carries and launches Makos, with a 1,200-mile range and up to six months at sea.Tectonic, Apr 17, 2026
  • ·Mako takes modular payloads, from sensors and nets to kinetic effectors, and runs autonomously, remotely or on a tether.Tectonic, Apr 17, 2026
  • ·The company says it holds an Office of Naval Research contract and has sold units to the U.S. Navy.Tectonic, Apr 17, 2026
  • ·Earlier customers include state governments in Australia, the Great Barrier Reef Foundation, The Nature Conservancy and the Florida Department of Environmental Protection. The company told Tectonic it has generated over $5 million in revenue.Tectonic, Apr 17, 2026
  • ·It can build 350 Makos a year in a 15,000-square-foot facility in San Francisco, with a team of about 16 in April 2026.Tectonic, Apr 17, 2026
  • ·Booz Allen Ventures’ investment was Booz Allen’s first in the maritime sector.Booz Allen (release via Offshore Source), Apr 16, 2026
  • ·The company says it began with ecological restoration, such as restoring seagrass meadows, and now also serves infrastructure security and ISR missions.Ulysses (company site)

Founders and leadership

  • Akhil VoorakkaraCo-founder and chief executive

    Co-founded Ulysses in San Francisco in 2023.Tectonic, Apr 17, 2026

  • Will O’BrienCo-founder and president

    Co-founded Ulysses in San Francisco in 2023.Tectonic, Apr 17, 2026

  • Jamie WedderburnCo-founder and chief technology officer

    Co-founded Ulysses in San Francisco in 2023.Tectonic, Apr 17, 2026

  • Colm O’BrienCo-founder and chief operating officer

    Co-founded Ulysses in San Francisco in 2023.Tectonic, Apr 17, 2026

Funding

Last valuation

No citable valuation

Last round or tender

$38Mraised

Series A, Apr 16, 2026Tectonic, Apr 17, 2026

Tectonic reported a $38 million Series A led by Andreessen Horowitz’s American Dynamism fund, with Booz Allen Ventures and Harpoon Ventures, and total funding of $46 million including an earlier, unannounced $8 million seed. Booz Allen’s release confirms the round and its lead but states no amount. No valuation was stated.

Latest revenue figure

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Valuation to revenue

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Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Apr 16, 2026Series ATectonic reported a $38 million Series A led by Andreessen Horowitz’s American Dynamism fund, with Booz Allen Ventures and Harpoon Ventures, and total funding of $46 million including an earlier, unannounced $8 million seed. Booz Allen’s release confirms the round and its lead but states no amount. No valuation was stated.$38M—

Primary capital across the rounds on file: $38M

Revenue

No citable revenue figure on file.

Secondary venues

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    No public MarketPrice. Historical pricing is behind a login.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Tracked only. No read has been prepared for this company; the figures above are the record.

Sources

Researched Oct 15, 2026