Kraken Technology Group secures $175M funding, hits $1B valuation

Kraken Technology Group has raised $175 million, boosting its valuation to $1 billion as it advances its autonomous ship technology.

Kraken Technology Group has raised $175 million in a Series B funding round led by DTCP.
The startup’s flagship vessel, K5 Kraken, can operate autonomously and reach speeds of 50 knots.
Kraken’s product lineup includes customizable vessels for various missions, enhancing maritime capabilities.

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Kraken Technology Group has raised $175 million, boosting its valuation to $1 billion as it advances its autonomous ship technology.