Kraken Technology

Kraken Technology, a company specialising in uncrewed autonomous maritime platforms, has successfully completed a Series B funding round, securing £130 million from a consortium of investors.

Summary of transaction details:

• Value: £130 million
• Sector: Defence Tech
• Advisor: Not mentioned
• Key Entities: Kraken Technology (Target), DTCP, British Business Bank, NATO Innovation Fund, Rheinmetall, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest, Hakluyt Capital, National Security Strategic Investment Fund, SmartCap, Notion Capital, Speedinvest (Investors)
• Location: Fareham (HQ)

Note: This substantial Series B funding will enable Kraken Technology to accelerate its development and deployment of advanced maritime defence solutions, capitalizing on the growing demand for autonomous capabilities in the sector.