Kraken Technology Raises $175 Million for Autonomous Vessel Expansion
Kraken Technology Group Ltd. has raised $175 million in a Series B funding round, reaching a valuation of $1 billion. The funding, led by Digital Transformation Capital Partners GmbH, will accelerate the global rollout of Kraken's autonomous maritime platforms. These platforms, including the K3 SCOUT USV and K4 MANTA USSV, are designed for data collection, precision strikes, logistics, and anti-submarine warfare. Kraken has secured contracts with the U.K. Ministry of Defence, NATO partners, and the U.S. Special Operations Command. The company is also expanding its global supply chain through partnerships with Rheinmetall in Germany, Anduril Industries in the U.S., and Inocea's Davie Shipbuilding in Canada.