Kraken Technology Group raises $175M Series B at $1B valuation
Kraken Technology Group raised a ?130 million Series B round, equivalent to about $175 million, at a $1 billion valuation.
Evidence notes
- Kraken Technology Group raised a GBP 130 million Series B round, described by its own feed as $175 million at a $1 billion valuation.
- Digital Transformation Capital Partners led the round, with participation from British Business Bank, Rheinmetall, NATO Innovation Fund, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest and Hakluyt Capital.
- The capital is tied to continued development of Kraken uncrewed surface vessels and payload capabilities, plus expansion of localized manufacturing facilities.