Published: July 10, 2026 at 8:40 am
A British maritime defence company has become the UK’s latest unicorn after raising $175 million (£130m) at a $1 billion valuation.
Kraken Technology Group – not to be confused with Kraken, the technology platform founded within Octopus Energy Group which demerged at the end of last year – is developing uncrewed surface vessels and payload capabilities.
Now rapidly expanding localised manufacturing facilities around the world, last year Kraken secured several significant contracts from the UK Ministry of Defence, NATO European partners and USSOCOM, with its platforms now deployed in support of multiple ongoing conflicts.