The maritime industry's blend of defence and commercial innovation just got a fresh capital injection, as Kraken Technology Group announced a $173.7M Series B funding round.
The company, which specializes in high-performance dual-use composite littoral platforms, secured investment from DTCP, the NATO Innovation Fund, and the British Business Bank. This backing will fuel Kraken's work in open architecture control, autonomous systems development, and advanced powertrain design, supporting its rapid prototyping and scalable manufacturing capabilities for both military and commercial applications.

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