# Kraken Technology Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kraken-technology-group

- Industry: Defence
- Headquarters: Fareham, UK
- Website: www.krakentechnology.com/
- Total disclosed funding: $175M
- Latest round: Series B (Jul 9, 2026)
- Investors on record: 10

## About

Founded in 2021 in Fareham, UK, Kraken Technology Group Ltd designs autonomous maritime platforms. In July 2026, Kraken Technology Group Ltd raised USD 175 million in series B funding led by Digital Transformation Capital Partners (“DTCP”), with participation from HICO Investment Group, Thesiger, BOKA Group, Supernova Invest, Hakluyt Capital, British Business Bank, Rheinmetall AG, Inocea. NATO Innovation Fund. The company was founded by Mal Crease (CEO as of 2026). As part of transaction, early investors in the company NATO Innovation Fund, British Business Bank, and SmartCap, alongside VCs Notion Capital and Speedinvest, have also now converted to equity following their participation in earlier equity funding rounds. The series B funding values Kraken Technology Group Ltd at USD 1 billion post-money.

Kraken Technology specializes in the design and manufacture of autonomous maritime platforms tailored for both defense and commercial applications. Their core offerings include unmanned surface vessels (USVs) and remotely operated vessels aimed at enhancing capabilities in various maritime environments. These platforms are engineered for versatility, tackling challenges such as border security, reconnaissance, force protection, and monitoring of critical infrastructure. The products are utilized by maritime security organizations, defense agencies, and commercial operators across diverse geographical markets, including North America, Europe, and Asia. These vessels enable persistent operational coverage, rapid response, and reduced manpower requirements, serving end users in sectors like naval operations, offshore energy, humanitarian assistance, and environmental research.

Kraken Technology generates revenue through direct sales of its autonomous platforms and associated services, often structured as B2B transactions with government and commercial clients. Partnerships with defense and maritime security agencies facilitate the procurement of their flagship products, such as the K3 Scout, which supports various mission profiles including surveillance and reconnaissance. Revenue transactions typically occur through contracts and agreements that outline specific deliverables and performance outcomes. In addition, Kraken may engage in long-term contracts for maintenance and support services, ensuring ongoing operational capabilities for their clients. The revenue model is reinforced by strategic alliances with organizations like USSOCOM and partnerships for domestic manufacturing in the U.S., further expanding their market reach.

The company will use the July 2026 funding to continue the development of its uncrewed surface vessel (USV) platforms and payload capabilities. The company will use the proceeds to expand global manufacturing capacity, strengthen international production partnerships, scale deployment of autonomous maritime defense systems, and support continued product innovation. The funding also enables Kraken to meet growing demand from NATO allies and defense customers for autonomous maritime surveillance, force protection, and mission-critical naval capabilities.

## Funding rounds

- Series B, Jul 9, 2026, $175M — Digital Transformation Capital Partners (“DTCP”), British Business Bank, Rheinmetall AG, Supernova Invest, NATO Innovation Fund, HICO Investment Group, BOKA Group, Hakluyt Capital, Thesiger, Inocea

## Investors

- Digital Transformation Capital Partners (“DTCP”) (https://capitalatlas.ai/funds/digital-transformation-capital-partners-dtcp) — Series B
- British Business Bank (https://capitalatlas.ai/funds/british-business-bank) — Series B
- Rheinmetall AG — Series B
- Supernova Invest (https://capitalatlas.ai/funds/supernova-invest) — Series B
- NATO Innovation Fund (https://capitalatlas.ai/funds/nato-innovation-fund) — Series B
- HICO Investment Group (https://capitalatlas.ai/funds/hico-investment-group) — Series B
- BOKA Group (https://capitalatlas.ai/funds/boka-group) — Series B
- Hakluyt Capital (https://capitalatlas.ai/funds/hakluyt-capital) — Series B
- Thesiger — Series B
- Inocea — Series B