UK Maritime-Defence AI Startup Kraken Technology Hits Unicorn Status With $175M Series B — DTCP Leads, Backers Include NATO Innovation Fund, Rheinmetall, British Business Bank

Kraken Technology, which builds autonomous uncrewed subsurface and surface maritime platforms deployed by NATO, the UK MoD and US Navy, raised a $175M Series B at a $1B valuation led by Digital Transformation Capital Partners. Backers include the NATO Innovation Fund, British Business Bank, Rheinmetall and Inocea group. CEO Mal Crease — a former speedboat racer who founded the company in 2020 — says proceeds will fund a global roll-out, new uncrewed surface vessels, and manufacturing expansion.