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.