Kraken Robotics Timeline

Events

• 2026-07-20 - Commercial Order - Kraken Robotics announces $35 million in new product orders - The orders cover customers in maritime defence, offshore energy and ocean science. The product mix includes Kraken synthetic-aperture sonar plus Covelya navigation, positioning, multi-aperture sonar and monitoring systems. Kraken said combined Kraken and… - source: krakenrobotics.com
• 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. Kraken frames the combined company as a provider of mission-critical subsea intelligence for maritime security and offshore energy. The… - source: krakenrobotics.com
• 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 product revenue up 50% on SeaPower subsea battery and synthetic-aperture-sonar demand. The company said 2026 product orders had reached approximately C$97 million… - source: krakenrobotics.com
• 2026-04-07 - Capability - Kraken demonstrates autonomous KATFISH launch and recovery from a SEFINE USV - Kraken and SEFINE demonstrated KATFISH launch and recovery from the RD-22 USV during sea trials off Istanbul. KATFISH streamed 3 cm by 3 cm resolution sonar data to an onshore command centre. The demonstration focused on detecting and classifying mine-like… - source: krakenrobotics.com
• 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 defence customers The orders cover SeaPower batteries, KATFISH towed synthetic aperture sonar, and Kraken SAS systems The company… - source: krakenrobotics.com
• 2026-03-12 - Market Signal - Kraken Robotics closes C$402.5 million subscription-receipt offering - The company issued 47,353,550 subscription receipts at C$8.50 each. Gross proceeds were approximately C$402.5 million after the underwriters exercised the over-allotment option in full. The financing supported the cash portion of Kraken’s planned acquisition… - source: krakenrobotics.com
• 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 Customers included Teledyne Marine, Terradepth, and two NATO navy customers The orders covered defence and commercial subsea systems - source: krakenrobotics.com
• 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 platform The demonstration was conducted in Halifax Harbour for more than 40 navy customers and partners The system was shown with Kraken's mine… - source: krakenrobotics.com
• 2024-07-10 - Executive Hire - Kraken Robotics appoints Nat Spencer as chief operating officer - Kraken appointed Nathaniel Spencer as Chief Operating Officer Spencer had been leading the company's subsea power business The appointment supports operational scaling across Kraken's maritime robotics and power systems business - source: krakenrobotics.com
• 2024-01-16 - Acquisition - Kraken Robotics acquires 3D at Depth - Kraken acquired 3D at Depth, a subsea LiDAR and underwater measurement company The acquisition added subsea laser scanning and dimensional control metrology capabilities The deal expanded Kraken's underwater imaging and services stack - source: krakenrobotics.com