Maritime defence tech firm Kraken Technology raises $175m Series B
Kraken Technology, a Fareham-based maritime defence company specialising in uncrewed autonomous maritime platforms, has raised $175m (£130m) in a Series B funding round. The investment will be used to continue developing uncrewed surface vessels and payload capabilities, as well as expanding manufacturing facilities globally. The round follows a successful year where Kraken secured contracts from the UK Ministry of Defence, NATO European partners, and USSOCOM, with its platforms now deployed in support of multiple operations.
Key quotes
The funding will support Kraken's continued development of its uncrewed surface vessels and payload capabilities, in addition to expanding localised manufacturing facilities around the world.
The Series B round follows a successful year for Kraken, during which it secured significant contracts from the UK Ministry of Defence, NATO European partners and USSOCOM, with its platforms now deployed in support of multiple
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