Kraken Technology Group, a London-based developer of uncrewed autonomous maritime vehicles, has raised $175 million in Series B funding to accelerate the global deployment of its defence capabilities for NATO and international partners.
The funding round was led by DTCP, with participation from a diverse investor consortium including the British Business Bank, the NATO Innovation Fund, Rheinmetall, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest, and Hakluyt Capital. This capital injection represents a significant vote of confidence in the company’s autonomous maritime technology platform at a critical moment for defence innovation in Europe and beyond.
Kraken Technology manufactures a range of uncrewed surface vessels designed for military applications, including the K3 Scout, K4 Manta, and K5 Kraken platforms. These systems have already secured contracts from the UK Ministry of Defence, NATO, and US Special Operations Command, establishing the company as a key player in the rapidly evolving autonomous defence technology sector.
Expanding Global Reach
The Series B funding will be deployed to accelerate Kraken’s international expansion and scale production capabilities. The company plans to strengthen its ability to deliver mission-ready maritime defence systems to allied nations and NATO partners worldwide. This expansion addresses growing demand for autonomous maritime capabilities among defence forces seeking technologically advanced, cost-effective solutions for coastal security and naval operations.
Mal Crease, Founder and CEO of Kraken Technology Group, commented on the funding achievement: “This significant funding round will accelerate Kraken’s global roll-out, enabling the deployment of hardened, reliable, mission-ready capabilities for NATO and its worldwide partners at an unprecedented scale in the maritime domain.”
Strategic Positioning in European Defence Tech
The participation of multiple strategic investors underscores the geopolitical importance of autonomous maritime technology. The NATO Innovation Fund’s involvement reflects the alliance’s commitment to supporting cutting-edge defence innovations, while the British Business Bank’s participation demonstrates support for UK-based deep-tech companies addressing critical national security needs.
Kraken’s success reflects broader momentum in the European defence technology sector, where autonomous systems have become increasingly central to military strategy and capability development. The company joins a growing cohort of European startups attracting substantial capital for defence innovation, from drone manufacturers to cybersecurity specialists.
With this funding round, Kraken has raised $175 million to date, establishing itself as one of the better-funded autonomous maritime technology companies in Europe. The investment validates both the company’s technology platform and the accelerating demand among NATO allies for advanced uncrewed systems that can operate in complex maritime environments while reducing risk to personnel.