Kraken Technology

Kraken Technology Group, a Fareham-based maritime defence technology company specializing in uncrewed autonomous maritime platforms, has successfully secured £130 million (equivalent to $175 million) in a Series B funding round. This significant investment aims to accelerate the development of its uncrewed surface vessels and expand its global manufacturing capabilities.

Summary of transaction details:

• Value: £130 million
• Sector: DeepTech & Defence
• Advisor: None mentioned
• Key Entities: Target: Kraken Technology Group; Lead Investor: DTCP; Other Investors: British Business Bank, NATO Innovation Fund (NIF), Rheinmetall, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest, Hakluyt Capital.
• Location: Fareham, UK (Target Company)

Note: This funding round underscores the increasing strategic importance of advanced autonomous maritime defence technologies and the strong investor confidence in Kraken Technology Group's proven capabilities and market traction with key international defence partners.