Autonomous ship startup Kraken raises $175M at $1B valuation

Kraken Technology Group, a British firm developing autonomous ships, secured $175 million in Series B funding led by private equity firm DTCP. The investment brings its total valuation to $1 billion, highlighting the growing confidence in autonomous maritime technology. With participation from the U.K. government’s British Business Bank and the NATO Innovation Fund, this funding could accelerate the adoption of autonomous ships in commercial and defense sectors, potentially revolutionizing the maritime industry.