Kraken Technology raises Series B funding for autonomous vessels
Kraken has developed modular maritime platforms for defense use. Source: Kraken Technology Autonomous vehicles are proliferating, particularly in maritime and defense applications. Kraken Technology Group Ltd. this month raised $175 million in Series B funding to reach a valuation of $1 billion. Digital Transformation Capital Partners GmbH, or DTCP, led the investment. “Kraken is excited to be partnering with DTCP, leading such a prestigious group of European and international investors,”
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Kraken Technology, a company founded in 2020 that builds unmanned maritime vessels, raised $175 million in Series B funding and reached a $1 billion valuation. The company develops autonomous surface and subsurface vessels designed for defense applications including data collection, precision strikes, logistics, and anti-submarine warfare. The funding follows successful contract awards from the U.K. Ministry of Defence, NATO partners, and U.S. Special Operations Command, with the company's platforms already deployed in ongoing conflicts. The capital will support continued development and global production expansion through manufacturing partnerships in multiple regions.
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