Kraken Robotics company profile
Kraken Robotics develops subsea sensors, batteries and robotic systems for defence, offshore energy and marine research. In July 2026 it closed the C$615 million Covelya acquisition, adding Sonardyne, EIVA, Forcys, Voyis and Chelsea Technologies and raising 2026 revenue guidance to C$290 million-C$320 million.
Facts
- Segment: Maritime
- Country: Canada
- Founded: 2012
- Website: https://www.krakenrobotics.com/
Profile sections
- Summary
- Market context
- Products
- Facts
- Commercial
- Context / Market Position
- Events
- Team
- Supply chain relationships
- Relationships
- Context tags
- Customers and deployments
- Articles
- Sources
Summary
Kraken Robotics develops subsea sensors, batteries and robotic systems for defence, offshore energy and marine research. In July 2026 it closed the C$615 million Covelya acquisition, adding Sonardyne, EIVA, Forcys, Voyis and Chelsea Technologies and raising 2026 revenue guidance to C$290 million-C$320 million.
Market context
Kraken is an established marine robotics company spanning sonar, endurance and underwater robotic systems. Kraken Robotics builds and supplies subsea robotic systems, sonar payloads, pressure-tolerant batteries and sensor technologies used on AUVs, UUVs, towed systems and offshore inspection workflows.
Products
- KATFISH Towed SAS - KATFISH
- Kraken SAS - Kraken SAS
- SeaPower Batteries - SeaPower
Facts
- Website: https://www.krakenrobotics.com/
- HQ: Mount Pearl, Canada
- Founded: 2012
- Ticker: PNG / TSXV
- Segment: Maritime
Commercial
2 commercial events; 2 commercial orders; latest event 2026-03-17
- 2026-03-17 - Commercial order - Kraken Robotics announces $24 million in defence orders - source: krakenrobotics.com
- 2025-12-02 - Commercial order - Kraken Robotics announces $12 million in sonar and subsea battery orders - source: krakenrobotics.com
Subsea sensing and power systems company
Kraken Robotics supplies subsea batteries, synthetic aperture sonar and imaging systems for underwater robotics, offshore energy and defence missions.
- Target environment: Subsea inspection sites, offshore energy assets, naval operations, unmanned underwater vehicles and ocean survey missions.
- Deployment model: Component and system supply for subsea vehicles, defence customers, offshore operators and marine robotics programs.
- Customer context: Naval customers, offshore energy operators, UUV builders, survey companies and subsea robotics integrators.
- Workflow context: High-resolution sonar imaging, subsea mapping, underwater vehicle power, long-endurance missions and ocean infrastructure inspection.
- Commercial maturity: Commercially active public marine robotics supplier with recurring orders for SeaPower batteries and Kraken SAS systems.
- Market position: Subsea technology company supplying core sensing and power systems for underwater autonomy and marine robotics.
- Adoption constraints: Adoption depends on defence and offshore procurement cycles, qualification for deepwater reliability, integration into UUV platforms and production capacity.
- Adjacent context: Adjacent context includes subsea sonar suppliers, underwater battery systems, marine robotics, UUV components and offshore inspection technology.
- Source confidence: high
Events
- 2026-07-02 - Acquisition - Kraken Robotics closes C$615 million Covelya acquisition - The deal brings navigation, positioning, imaging, communications, monitoring and data-analytics capabilities into Kraken.
- 2026-06-18 - Acquisition - Kraken Robotics receives approvals to complete Covelya acquisition - All regulatory and stock-exchange approvals required for the Covelya acquisition have been received.
- 2026-05-28 - Market Signal - Kraken Robotics reports Q1 2026 financial results with 35% year-over-year revenue growth - Kraken reported Q1 2026 revenue of C$21.7 million, up 35% from C$16.1 million in Q1 2025, with prod…
- 2026-03-17 - Commercial Order - Kraken Robotics announces $24 million in defence orders - Kraken announced approximately $24 million in new orders from more than 10 customers across five countries, including three new d…
- 2026-03-03 - Acquisition - Kraken Robotics to acquire Covelya Group for $615 million to expand global maritime capabilities - Kraken Robotics signed an agreement to acquire Covelya Group for total consideration of $615…
- 2025-12-02 - Commercial Order - Kraken Robotics announces $12 million in sonar and subsea battery orders - Kraken announced about $12 million in orders for Kraken SAS, KATFISH spares, and SeaPower batteries
- 2024-11-04 - Demonstration - Kraken Robotics demonstrates autonomous launch and recovery system for KATFISH - Kraken demonstrated its Autonomous Launch and Recovery System for the KATFISH towed synthetic aperture sonar…
- 2024-07-10 - Executive Hire - Kraken Robotics appoints Nat Spencer as chief operating officer - Kraken appointed Nathaniel Spencer as Chief Operating Officer
- 2024-01-16 - Acquisition - Kraken Robotics acquires 3D at Depth - Kraken acquired 3D at Depth, a subsea LiDAR and underwater measurement company
Team
- Greg Reid - Chief Executive Officer - Reid leads Kraken through the Covelya integration and global expansion of its subsea robotics, sensor and maritime autonomy business.
- Karl Kenny - Founder and Former CEO - Kenny founded Kraken Robotics and shaped its long-running position in subsea robotics, sonar and marine autonomy supply.
- Bernard Mills - President - Mills brings defence, aerospace and sonar-systems operating experience to Kraken’s enlarged post-Covelya business.
- Joseph Mackay - Chief Financial Officer - MacKay leads finance as Kraken integrates Covelya and manages its public-company capital structure.
- Terra Penrose - Chief People Officer - Penrose leads people strategy for Kraken’s larger global organization after the Covelya acquisition.
- John Salama - Chief Information Officer - Salama leads information systems work needed for Kraken’s rapid global expansion and integration of acquired businesses.
- Andrew Griffin - Chief Legal Officer and Corporate Secretary - Griffin oversees legal, governance and corporate affairs for Kraken’s public-company operations and acquisition-led growth.
- Simon Partridge - Executive Vice President, Technology - Partridge steers technology development and alignment across Kraken’s enlarged subsea technology group.
- Dr. Graham Brown - Executive Vice President, Products - Brown leads product direction for Kraken’s post-Covelya subsea technology portfolio.
- Gary Moynehan - Executive Vice President, Enterprise Performance - Moynehan leads enterprise performance as Kraken scales a larger multinational subsea technology group.
- David Shea - Executive Vice President, Strategy & Growth - Shea connects Kraken’s product, field-operations and growth strategy around underwater robotic systems and sonar technologies.
- Nat Spencer - EVP and COO
- Lynne Adu - EVP and Chief Commercial Officer
Supply chain relationships
- subsea systems supplier - Kraken Robotics announced approximately $24 million in new defence and subsea systems orders.
Relationships
- Covelya Group - acquisition - Kraken Robotics signed an agreement to acquire Covelya Group for $615 million. Covelya brings Sonardyne, EIVA, Forcys, Wavefront Systems, Voyis Imaging, and Chelsea Technologies; deal expan…
- acquisition - Acquisition of subsea LiDAR and underwater metrology provider
- EIVA - Covelya subsidiary added through acquisition - EIVA joined Kraken Robotics as part of Kraken’s completed Covelya Group acquisition.
- Voyis - Covelya subsidiary added through acquisition - Voyis joined Kraken Robotics as part of Kraken’s completed Covelya Group acquisition.
- Acquired subsea technology group - Kraken Robotics completed its acquisition of Covelya Group Limited for approximately C$615 million.
- Sonardyne - Covelya subsidiary added through acquisition - Sonardyne joined Kraken Robotics as part of Kraken’s completed Covelya Group acquisition.
- Covelya subsidiary added through acquisition - Forcys joined Kraken Robotics as part of Kraken’s completed Covelya Group acquisition.
- Covelya subsidiary added through acquisition - Chelsea Technologies joined Kraken Robotics as part of Kraken’s completed Covelya Group acquisition.
- Covelya subsidiary added through acquisition - Wavefront Systems joined Kraken Robotics as part of Kraken’s completed Covelya Group acquisition.
Context tags
- Subsea high-resolution imaging - Capability
- Subsea sensor power supplier - Stack Layer
- Subsea sonar battery supplier - Peer Group
- Subsea sonar mapping - Workflow
- Subsea battery power - Workflow
- Subsea defence energy assets - Customer Environment
- Underwater robotics supply chain - Customer Environment
- Offshore energy assets - Customer Environment
Customers and deployments
- Order Value Usd - $24 million - 2026-03-17 - defence customers - subsea defense systems - Kraken Robotics announced approximately $24 million in new defence and subsea systems orders, including SeaPower batteries and KA…
- Order Value Usd - $12 million - 2025-12-02 - defence and commercial customers - subsea systems - Kraken Robotics announced about $12 million in orders for synthetic aperture sonar systems, KATFISH spares, and SeaPower b…
Articles
- 2026-04-07 - Maritime autonomy is broadening - Q1 brought funding, fleet adoption, persistent sensing, and more activity below the vessel layer. - Korthos: /research/maritime-autonomy-is-broadening
Kraken Robotics canonical Korthos profile