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Kraken Technology Group Raises $173.7

Recently funded · $173.7M Series bTechnology, Information and MediaGBView source

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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.

The era of naval supremacy defined by massive, multi-decade shipbuilding projects is over. In its place, a new doctrine is rapidly emerging: software-defined, uncrewed, and highly scalable. Fareham-based Kraken Technology has just secured a £130m Series B to accelerate this exact shift.

Backed by DTCP, the NATO Innovation Fund, and the British Business Bank, they are scaling autonomous maritime platforms already deployed by the UK MoD and USSOCOM in active conflicts. What makes this particularly interesting is precisely where this strategic capital is being deployed. It is not merely funding payload R&D, but aggressively expanding localised manufacturing facilities across the gl

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