Kraken Hits £1bn Valuation After Funding Round
The raise will speed production of uncrewed surface vessels and expand Kraken’s manufacturing partnerships across Europe, North America and beyond.
- On Thursday, July 9, 2026, Kraken Technology Group closed a $175 million Series B funding round, valuing the British maritime robotics firm at $1 billion.
- Rapid growth over the past year drove the investment, as the firm secured contracts from NATO European partners, the Ministry of Defence, and Special Operations Command.
- Kraken maintains manufacturing partnerships with Rheinmetall in Germany, Anduril Industries in the United States, and Inocea Group's Davie Shipbuilding in Canada, scaling production of the K5 KRAKEN and K7 SABRE vessels.
- Successfully airdropping its K3 SCOUT vessel from an A400M aircraft during Royal Navy-supported trials, the company claims its facilities can produce up to 1,000 units annually.
- Funding will support continued development of uncrewed surface vessels and payload systems while expanding localized manufacturing facilities internationally to deliver 'mission-first' maritime capabilities for NATO and partners.
13 Articles
13 Articles
Kraken raises $175M to become a maritime-defence unicorn
First the Royal Navy shoved a robot boat out of a transport plane at 1,300 feet. Then its maker became Europe’s newest defence unicorn. Kraken Technology Group, a British maker of uncrewed surface vessels, has raised $175m (€152.9m) in a Series B round. It values the company at more than $1bn. Kraken announced the raise […] This story continues at The Next Web
Kraken hits £1bn valuation after funding round
Kraken Technology Group, the British maritime drone company, has closed a $175 million Series B funding round at a valuation of $1 billion, the company has announced. The round was led by Digital Transformation Capital Partners and supported by other British and European backers including the British Business Bank, the NATO Innovation Fund, Rheinmetall, Inocea Group and venture firms HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest a…
British drone boat firm raises $175M at $1B valuation
A British firm building uncrewed patrol boats for NATO navies just crossed the billion-dollar valuation mark, with Kraken Technology Group announcing the close of a $175 million Series B funding round on July 9 that values the company at $1 billion. The round, led by Digital Transformation Capital Partners, or DTCP, arrives less than a […]
Kraken Technology Group makes waves as Europe’s newest maritime defence unicorn with €152.9 million Series B
Kraken Technology Group, a London-based maritime defence company, has raised €152.9 million ($175 million) in a Series B funding round at a valuation of nearly €874.1 million ($1 billion). The round was led by Digital Transformation Capital Partners (DTCP) and supported by other British and European backers, including the British Business Bank, NATO Innovation Fund (NIF), Rheinmetall, Inocea Group, as well as VC firms HICO, Thesiger Capital Gro…
Kraken - no, not that one - becomes UK’s latest unicorn
A British maritime defence company has become the UK’s latest unicorn after raising $175 million (£130m) at a $1 billion valuation. Kraken Technology Group – not to be confused with Kraken, the technology platform founded within Octopus Energy Group which demerged at the end of last year – is developing uncrewed surface vessels and payload capabilities. Now rapidly expanding localised manufacturing facilities around the world, the company said i…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
