KRAKEN Technology Group
UK developer of autonomous maritime systems and naval defense platforms.
KRAKEN Technology Group designs and develops autonomous maritime systems for naval defense and security applications. The company's platforms include unmanned surface vessels and autonomous underwater systems for surveillance, mine countermeasures, and force protection. KRAKEN is a portfolio company of the NATO Innovation Fund and is based in the UK's maritime defense hub.
Overview
- Headquarters
- Fareham, UK
- Founded
- 2020
- Employees
- 51-200
- Total funding
- $175M Series B (July 2026)
- Valuation
- ~$1B (Series B, July 2026)
- Stage
- Series B
- Status
- active
- Domains
- Maritime autonomous systems, Unmanned surface vessels, Naval defense
- Website
- kraken.technology
Founders3
- FounderMal CreaseFounder and CEO of KRAKEN Technology Group
- FounderJustin LitkoCEO of Kraken Technology US, leading the company's expansion into US defense procurement; retired US Army Special Forces Warrant Officer.
- FounderAmelia GouldCTO of Kraken Technology Group. 25+ years in naval engineering: Royal Navy officer, BAE Systems combat-systems leadership, then GM Maritime at Helsing before joining Kraken.
Investors4
- FundSuperangelEstonian early-stage VC fund backing tech companies across the Baltics and Nordics; launched a dedicated defense-tech vehicle, Archangel, in 2025.
- FundNATO Innovation Fund€1 billion multi-sovereign venture fund backed by NATO member states, investing in deep tech and dual-use technology across the Alliance.
- FundNotion CapitalLondon-based early-stage VC investing in B2B enterprise software, SaaS, and fintech, primarily leading Series A rounds.
- FundUK National Security Strategic Investment Fund (NSSIF)UK government fund co-investing in dual-use advanced tech for the UK's national security community.
Cap table0
Approximate ownership by holder. Indexed holders link to their records.
Raised per round
Valuation over time
Percentages marked ~ are not disclosed. Some are a generic VC-pattern model (founders/team weighted heaviest, option pool lightest, other holders evenly) sized to whatever's left undisclosed — a standard industry shape, not this company's actual cap table.
| Holder | Instrument | Ownership |
|---|---|---|
SpeedinvestNew | Existing investor (converted to equity) | ~7.1% |
| Existing investor (converted to equity) | ~7.1% | |
SmartCapNew | Existing investor (converted to equity) | ~7.1% |
| Existing investor (converted to equity) | ~7.1% | |
Hakluyt CapitalNew | Investor | ~7.1% |
Supernova InvestNew | Investor | ~7.1% |
BOKA CapitalNew | Investor | ~7.1% |
Thesiger Capital GroupNew | Investor | ~7.1% |
HICONew | Investor | ~7.1% |
Inocea GroupNew | Investor | ~7.1% |
RheinmetallNew | Investor | ~7.1% |
| Investor | ~7.1% | |
British Business BankNew | Investor | ~7.1% |
DTCP (DTCP Defence)New | Investor (lead) | ~7.1% |
Contracts2
- ContractUSSOCOM OTA — Uncrewed Surface/Subsurface VesselsUSSOCOM OTA cap of $49M awarded to Kraken Technology Group for prototyping next-generation uncrewed surface and subsurface maritime vessels, following two prior SOCOM innovation cycles with Norway/UK.
- ContractProject Beehive — Royal Navy USV OrderRoyal Navy contract for 20 K3 Scout uncrewed surface vessels for training and development, awarded to Kraken over bids from BAE Systems, Kongsberg, and L3Harris.
Programs0
No linked records yet.
Frequently asked
- What does KRAKEN Technology Group do?
- KRAKEN Technology Group designs and develops autonomous maritime systems for naval defense and security applications. The company's platforms include unmanned surface vessels and autonomous underwater systems for surveillance, mine countermeasures, and force protection. KRAKEN is a portfolio company of the NATO Innovation Fund and is based in the UK's maritime defense hub.
- Where is KRAKEN Technology Group headquartered?
- KRAKEN Technology Group is headquartered in Fareham, UK and was founded in 2020.
- How much funding has KRAKEN Technology Group raised?
- KRAKEN Technology Group has raised $175M Series B (July 2026) in disclosed funding, at a most recent valuation of ~$1B (Series B, July 2026).
- What does KRAKEN Technology Group specialize in?
- KRAKEN Technology Group works across Maritime autonomous systems, Unmanned surface vessels, Naval defense.
- Does KRAKEN Technology Group hold government contracts?
- Defense Tech Atlas links KRAKEN Technology Group to 2 government contracts.
Sources & citations8
8 sources behind every claim
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