Kraken’s $175M Round Turns Maritime Autonomy Into a Manufacturing Story

Kraken Technology Group has raised $175 million at a $1 billion valuation.

The Financing and the Cap Table

The round was led by Digital Transformation Capital Partners (DTCP), with backing from the British Business Bank, NATO Innovation Fund, Rheinmetall, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest and Hakluyt Capital. Early investors including NIF, the UK’s NSSIF, SmartCap, Notion Capital and Speedinvest also converted to equity following earlier rounds.

Kraken says its UK facilities have capacity to scale to 1,000 units annually. Rheinmetall says the German line is initially designed for around 200 K3 Scouts per year and can scale to 1,000 depending on orders.

Germany: Series Production with Rheinmetall

In Germany, Rheinmetall Kraken GmbH has already initiated series production of the K3 SCOUT at the Blohm+Voss shipyard in Hamburg. Rheinmetall describes the platform as a market-ready uncrewed surface vessel (USV) for surveillance, critical infrastructure protection, and weapons-carrier roles.

Rheinmetall holds an equity stake in Kraken and provides industrial support for its European operations.

United States: Anduril and Domestic Sustainment

Kraken has partnered with Anduril Industries to deliver small USVs to the U.S. Navy. Under the agreement, Anduril will build the K5 KRAKEN and K7 SABRE at its domestic U.S. facilities, manage fleet sustainment, and integrate its Lattice autonomy software on U.S. soil.

Kraken supplies hull designs and vessel platforms. Anduril supplies U.S. manufacturing capacity, software integration and defence-customer access, creating a separate U.S. assembly route.

USSOCOM: Validated Customer Pull

Kraken secured a $49 million Other Transaction Authority (OTA) award from the U.S. Special Operations Command (USSOCOM) to advance its K4 MANTA uncrewed surface/subsurface platform.

Canada: The Allied Shipbuilding Node

In Canada, Kraken has institutionalized its footprint via its partnership and cap-table link with Inocea Group, owner of Davie Shipbuilding. Davie is part of Inocea, a global shipbuilding group operating five major shipyard facilities across Canada, the United States and Finland.

Germany provides a European production route via Rheinmetall.

The United States provides a domestic software and hull pipeline via Anduril.

Canada provides heavy industrial shipyard scale via Davie.

The Korthos Read

Demand for uncrewed maritime systems has spiked following conflicts in Ukraine and the Middle East. NATO-aligned countries are urgently attempting to secure sovereign supply chains for platforms that can be mass-produced and adapted faster than traditional, multi-billion-dollar naval assets.

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