Kraken Technology Group, a UK-based company specialising in uncrewed surface vessels (USVs), has received funding from strategic investors to support its expansion efforts.
The investors include the NATO Innovation Fund, the UK’s National Security Strategic Investment Fund (NSSIF), and European venture capital firm Superangel.
The funding will enhance Kraken’s manufacturing capabilities, research and development (R&D), international scaling, and rapid prototyping initiatives.
Kraken said the collaboration among sovereign and intergovernmental funding sources underscores the growing demand for adaptable maritime systems within NATO member states.
NATO Innovation Fund partner Patrick Schneider-Sikorsky said: “Dispersed and uncrewed maritime systems are vital to ensuring naval superiority and securing Allies’ interests in contested waters.
“Kraken’s cutting-edge technology delivers a force-multiplying edge over traditional fleets, enabling persistent presence and rapid response without putting sailors at risk.”
Kraken’s platforms are designed to bolster naval capabilities while minimising costs and personnel risks.
In light of rising global tensions and threats to subsea infrastructure, the company is fulfilling production orders for NATO countries from its advanced facilities in Hampshire, supported by recent investments from various international public and private entities.
Kraken’s product lineup includes the K3 SCOUT, a USV with a modular payload bay currently used in NATO operational exercises, as well as the K4 MANTA, which offers uncrewed surface and subsurface capabilities.
It also offers the K5 KRAKEN, designed for maritime precision engagement. Each platform is intended for modular deployment across diverse maritime and coastal operations.
Kraken CEO Mal Crease said: “The investment received is a powerful vote of confidence in Kraken and its platforms, particularly given the nature of the funds. We look forward to working with the NIF, NSSIF, and others as we continue to grow our capabilities and further our mission in partnership with other NATO countries.”
In November 2023, Kraken and L3Harris Technologies announced a collaboration to enhance the control systems of the K40 MANTA uncrewed surface-subsurface vehicle.
