Tanis Venture Management, Mill Town Capital, and VTC Ventures Announce Acquisition of Dive Technologies by Anduril Industries
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Friday, February 4, 2022
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Tanis Venture Management (Tanis), Mill Town Capital, and Virginia Tech Carilion Innovation Fund & Seed Fund (VTC Ventures) today announced the acquisition of their portfolio company, Dive Technologies, Inc. (Dive), a Boston, MA-based subsea robotics designer and manufacturer, by Anduril Industries, Inc., a defense technology company.
Key Points:
- Tanis Venture Management (Tanis), Mill Town Capital, and Virginia Tech Carilion Innovation Fund & Seed Fund (VTC Ventures) today announced the acquisition of their portfolio company, Dive Technologies, Inc. (Dive), a Boston, MA-based subsea robotics designer and manufacturer, by Anduril Industries, Inc., a defense technology company.
- Tanis and Mill Town were joined in their investments by VTC Ventures.
- Tim Burke, CEO & Managing Director of Mill Town Capital, noted, Dive Technologies is a great entrepreneurial and operational success story.
- Sam Russo, Co-Founder and COO/CSO of Dive Technologies, remarked, We were fortunate to have strong investor support throughout the inception and growth of Dive Technologies.