British Drone Boat Firm Hits $1B Valuation
1 source · first reported 1h ago
Kraken Technology Group, a British firm building uncrewed patrol boats for NATO navies, has raised $175M in Series B funding, valuing the company at $1B. The funding round was led by Digital Transformation Capital Partners. This investment will likely support the development and production of Kraken's drone boats.
Why it matters
The funding and valuation of Kraken Technology Group signify the growing importance of unmanned systems in naval operations and the increasing investment in defense technology startups. This development could enhance NATO navies' capabilities in maritime surveillance and patrol missions.
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Single-source: Independent Media
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