Kraken Technology Group announced a $175m Series B round, led by DTCP and Росс included theober British Business Bank, Nato Innovation Fund, Rheinmetall, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest, and Hakluyt Capital.

The funding arrives as European governments ramp up defence spending, and investors shift focus toward maritime security. Kraken’s portfolio features the K3 Scout for surveillance and precision strikes, the K4 Manta for high‑speed transit and covert operations, and the K5 Kraken USV for coastal combat.

Contracts with the UK Ministry of Defence, NATO partners, and the US Special Operations Command anchor Kraken’s commercial base, while manufacturing ties with Rheinmetall (Germany), Anduril Industries (US), and Inocea’s Davie Shipbuilding (Canada) expand production capacity.

For investors, the deal signals a widening appetite for autonomous maritime tech, positioning Kraken to accelerate deployment across NATO and global partners. Business leaders see the round as a catalyst for scaling production, securing new contracts, and setting the stage for further private capital in the European defence ecosystem.