PiggyGPT

Private companiesCovered

Kraken Technology Group

Fareham, United Kingdom · Founded 2020

Kraken Technology Group builds uncrewed surface vessels: the K3 SCOUT, K5 KRAKEN and K7 SABRE, and the K4 MANTA surface and subsurface platform. The Royal Navy, US Special Operations Command and NATO European partners are on contract, and Rheinmetall, Anduril and Davie build its boats under joint-venture and licence deals.

Profile

What it builds and who buys it

  • ·Its range is the K3 SCOUT, K5 KRAKEN and K7 SABRE uncrewed surface vessels and the K4 MANTA uncrewed surface and subsurface platform.Kraken Technology Group (company release), Jul 9, 2026
  • ·The K3 SCOUT comes in three sizes: 8 meters with a 600 kg payload and a top speed of 55 knots, 12 meters with a 2,000 kg payload, and 18.6 meters with a 10,000 kg payload and a range of 2,000 nautical miles.Tectonic, Mar 12, 2026
  • ·Tectonic described the K4 MANTA as built in partnership with L3Harris and the K5 KRAKEN as a concept-stage 15-meter speedboat with optional crew.Tectonic, Mar 12, 2026
  • ·In March 2026 the Ministry of Defence awarded Kraken a £12.3 million contract to deliver 20 UK-built uncrewed vessels to the Royal Navy’s Surface Flotilla under Project Beehive, with training and tactical development support.Naval News, Mar 11, 2026
  • ·Tectonic reported that Kraken beat 11 other bidders for Project Beehive, including BAE Systems, L3Harris and Kongsberg.Tectonic, Mar 12, 2026
  • ·In November 2025 US Special Operations Command awarded Kraken an Other Transaction Authority agreement worth up to $49 million to prototype uncrewed surface and subsurface vessels.UK Defence Journal, Nov 21, 2025
  • ·The company said in November 2025 that it was on contract with US customers including US Special Operations Command and the US Navy.Kraken Technology Group (company release), Nov 19, 2025
  • ·The company says its platforms are deployed in support of multiple ongoing conflicts.Kraken Technology Group (company release), Jul 9, 2026
  • ·Rheinmetall Kraken GmbH, its joint venture with Rheinmetall’s Naval Systems division, began series production of the K3 SCOUT in Hamburg in April 2026. Production is designed for about 200 units a year at first, scalable to 1,000.Naval News, Apr 20, 2026
  • ·Under the April 2026 Anduril partnership, Anduril will produce Kraken-designed K5 and K7 vessels at US facilities, handle fleet sustainment and integrate its Lattice autonomy software.The Defense Post, Apr 22, 2026
  • ·Davie will produce, integrate and develop Kraken’s uncrewed surface vessels in Canada under a collaboration announced in May 2026.Davie (company release), May 27, 2026
  • ·In July 2026 a K3 SCOUT was airdropped from an A400M at 1,300 feet into waters up to Sea State 4, in trials with Capewell supported by the Royal Navy under Project Beehive.Kraken Technology Group (company release), Jul 8, 2026
  • ·In October 2026 Kraken and Saab UK announced a prototype “drone seeker” vessel that carries Saab’s Giraffe 1X radar in the K3 SCOUT’s payload bay. The company said it is scaling production to 1,000 vessels a year at a new 35,000 sq ft facility in Fareham.Kraken Technology Group (company release), Oct 5, 2026
  • ·Justin Litko, a retired US Army Special Forces warrant officer who led BlueHalo’s Special Operations Solutions Division, became chief executive of Kraken Technology US Inc. in July 2026.Kraken Technology Group (company release), Jul 27, 2026
  • ·Amelia Gould, formerly managing director of Helsing UK and a portfolio director at BAE Systems, was appointed chief technology officer in July 2026.Kraken Technology Group (company release), Jul 28, 2026
  • ·Resilience Media reported in November 2025 that sources alleged the company was making “hundreds of millions” in revenue. The company has not stated a revenue figure.Resilience Media, Nov 19, 2025
  • ·Kraken Technology Group Limited was incorporated on December 24, 2020 as Kraken Marine Group Limited, and took its current name in November 2021. Its registered office is in London.Companies House

Founders and leadership

  • Mal CreaseFounder and chief executive

    Led Vector Racing, a world-championship offshore powerboat team whose engineers now form Kraken’s engineering team.Kraken Technology Group

Prospects, after the July 2026 Series B

Prepared by PiggyGPT, as of Oct 15, 2026

  • ·The contracts on file are the Royal Navy’s £12.3 million order for 20 vessels and a US Special Operations Command agreement worth up to $49 million. The company also names NATO European partners and the US Navy as customers, without figures.Naval News, Mar 11, 2026
  • ·Kraken builds through partners rather than its own yards alone: Rheinmetall in Germany, Anduril in the US and Davie in Canada. The Next Web contrasted this with Saronic, which runs its own shipyards.The Next Web, Jul 10, 2026
  • ·The Series B priced the company at $1 billion. The earlier round’s amount was never disclosed. No revenue figure is on file; Resilience Media’s sources described revenue in the hundreds of millions, and the company has not confirmed it.Kraken Technology Group (company release), Jul 9, 2026
  • ·For the acquisition read, Rheinmetall and Inocea Group are both Series B investors and manufacturing partners, and Anduril builds two of its vessels under licence. No talks or approach are on file. The posture is watch.Kraken Technology Group (company release), Jul 9, 2026

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Funding

Last valuation

$1B

Post-money, Series BKraken Technology Group (company release), Jul 9, 2026

Last round or tender

$175Mraised

Series BKraken Technology Group (company release), Jul 9, 2026

Led by DTCP, with the British Business Bank, the NATO Innovation Fund, Rheinmetall, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest and Hakluyt Capital. The NATO Innovation Fund, NSSIF, SmartCap, Notion Capital and Speedinvest converted their earlier investments to equity. The Next Web put the valuation at more than $1 billion; the UK Defence Journal’s headline says £1 billion and its text $1 billion.

Latest revenue figure

—

Valuation to revenue

—

Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
Jul 9, 2026Series BLed by DTCP, with the British Business Bank, the NATO Innovation Fund, Rheinmetall, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest and Hakluyt Capital. The NATO Innovation Fund, NSSIF, SmartCap, Notion Capital and Speedinvest converted their earlier investments to equity. The Next Web put the valuation at more than $1 billion; the UK Defence Journal’s headline says £1 billion and its text $1 billion.$175M$1.00B
Jun 23, 2025Funding roundThe company announced funding commitments from the NATO Innovation Fund, the UK’s National Security Strategic Investment Fund and Superangel, with no amount and no series. In August 2025 NVL said it had invested, and Resilience Media wrote that the investment came in this round and that Kraken had never disclosed how much it had raised. The Series B release says earlier investors converted to equity, which names SmartCap, Notion Capital and Speedinvest as early investors too.——

Primary capital across the rounds on file: $175M

Revenue

No citable revenue figure on file.

Secondary venues

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    No public figure. The page says no recent secondary market data is available and that historical pricing is behind sign-up.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Acquisition: Watch

A cited tie to a plausible buyer: a strategic partner, an investor stake, a tender offer, a stated appetite. Nothing reported.

Prepared by PiggyGPT, as of Oct 15, 2026

Signals

  • Jun 23, 2025Kraken announced funding commitments from the NATO Innovation Fund, the UK’s National Security Strategic Investment Fund and Superangel, with no amount disclosed.Kraken Technology Group (company release), Jun 23, 2025
  • Aug 22, 2025Kraken and NVL formed the NVL Kraken joint venture to build uncrewed vessels at Blohm+Voss in Hamburg. NVL said it had recently invested in Kraken and held options to invest in a further round.Kraken Technology Group (company release), Aug 22, 2025
  • Nov 19, 2025Kraken said former US Secretary of State Mike Pompeo had invested and joined its international advisory board.Kraken Technology Group (company release), Nov 19, 2025
  • Nov 21, 2025US Special Operations Command awarded Kraken an Other Transaction Authority agreement worth up to $49 million to prototype uncrewed surface and subsurface vessels.UK Defence Journal, Nov 21, 2025
  • Mar 2, 2026Rheinmetall announced it had completed its acquisition of NVL, which now leads its Naval Systems division, with the closing on March 1, 2026.Europäische Sicherheit & Technik, Mar 2, 2026
  • Mar 11, 2026The Ministry of Defence awarded Kraken a £12.3 million contract to deliver 20 uncrewed surface vessels to the Royal Navy under Project Beehive.Naval News, Mar 11, 2026
  • Apr 20, 2026The joint venture, renamed Rheinmetall Kraken GmbH, began series production of the K3 SCOUT at Rheinmetall’s Blohm+Voss yard in Hamburg.Naval News, Apr 20, 2026
  • Apr 21, 2026Anduril and Kraken announced a partnership under which the K7 SABRE and K5 KRAKEN will be manufactured and integrated in the US under licence.Kraken Technology Group (company release), Apr 21, 2026
  • May 27, 2026Davie, part of the Inocea shipbuilding group, announced a collaboration to produce, integrate and develop Kraken’s uncrewed surface vessels in Canada.Davie (company release), May 27, 2026
  • Jul 9, 2026Kraken closed a $175 million Series B at a $1 billion valuation, led by DTCP, with Rheinmetall and Inocea Group among the investors.Kraken Technology Group (company release), Jul 9, 2026

Named counterparties

  • RheinmetallInvested in the Series B and is Kraken’s partner in Rheinmetall Kraken GmbH, the joint venture that builds the K3 SCOUT in Hamburg. NVL, the shipbuilder Rheinmetall bought in March 2026, had invested in Kraken in 2025. No interest in a deal has been reported.Kraken Technology Group (company release), Jul 9, 2026
  • Inocea GroupInvested in the Series B, and its shipyard Davie builds Kraken’s vessels in Canada under a collaboration announced in May 2026. No interest in a deal has been reported.Kraken Technology Group (company release), Jul 9, 2026
  • AndurilManufactures the K7 SABRE and K5 KRAKEN under licence in the US and integrates its Lattice software on them. No stake or interest in a deal has been reported.The Defense Post, Apr 22, 2026

Counterparties are named for a cited reason: a partnership, an investment, or a stated appetite. Naming is not a forecast.

A summary of what the figures on this page add up to, prepared by PiggyGPT from the record on file and its cited sources. Not the Street's view, and not advice.

Sources

Researched Oct 15, 2026