KRAKEN TECH HITS $1B VALUATION WITH $175M SERIES B

The funding will accelerate Kraken's development of uncrewed surface vessels and expand its manufacturing capacity. The company specializes in designing and building autonomous maritime systems for subsea operations. Kraken joins a growing sector of companies developing uncrewed maritime technology for commercial and research applications. The autonomous vessel market has attracted significant investment as industries seek alternatives to crewed operations for deep-sea exploration, inspection, and data collection. The Series B brings Kraken's total funding to an undisclosed amount as it scales production capabilities. Autonomous maritime platforms are increasingly deployed for infrastructure monitoring, environmental research, and offshore energy operations where traditional crewed vessels face operational constraints or cost challenges.