Kraken Technology
UK maritime-defence startup behind uncrewed naval vessels. Its $175M Series B, led by DTCP, made it a unicorn; customers include NATO, the UK MoD and the US Navy.
Overview
Kraken Technology builds autonomous maritime platforms — uncrewed surface and subsurface vessels — for military and security customers, founded in 2020 by former speedboat racer Mal Crease. Its craft are already used by NATO, the UK Ministry of Defence and the US Navy, with Anduril among its partners. In July 2026 the company raised a $175 million Series B led by Digital Transformation Capital Partners (DTCP) at a $1 billion valuation — reaching unicorn status. The British Business Bank, the NATO Innovation Fund, Rheinmetall and the Inocea group joined alongside VC firms Hico Ventures, Thesiger Capital and BOKA Capital. The financing funds development of new uncrewed surface vessels and an expansion of manufacturing capacity.
Funding History
Maritime-defence startup Kraken Technology raises a $175M Series B led by DTCP, reaching unicorn status.
Frequently Asked Questions
- How much funding does AI Funding track for Kraken Technology?
- AI Funding tracks $175M for Kraken Technology across 1 funding round in this database.
- Who are Kraken Technology's investors?
- Kraken Technology's investors include NATO Innovation Fund, British Business Bank, Digital Transformation Capital Partners, Rheinmetall, Inocea, and 3 others.
- What does Kraken Technology do?
- Kraken Technology builds autonomous maritime platforms — uncrewed surface and subsurface vessels — for military and security customers, founded in 2020 by former speedboat racer Mal Crease. Its craft are already used by NATO, the UK Ministry of Defence and the US Navy, with Anduril among its partners. In July 2026 the company raised a $175 million Series B led by Digital Transformation Capital Partners (DTCP) at a $1 billion valuation — reaching unicorn status. The British Business Bank, the NATO Innovation Fund, Rheinmetall and the Inocea group joined alongside VC firms Hico Ventures, Thesiger Capital and BOKA Capital. The financing funds development of new uncrewed surface vessels and an expansion of manufacturing capacity.
- When was Kraken Technology founded?
- Kraken Technology was founded in 2020 and is headquartered in Portsmouth, United Kingdom.
- Where is Kraken Technology headquartered?
- Kraken Technology is headquartered in Portsmouth, United Kingdom.
Investors
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