British-founded maritime defence startup Kraken Technology today said it had achieved unicorn status. The startup, founded in 2020 by former speedboat racer Mal Crease, said it had raised $175m in a Series B funding round at a $1bn valuation, according to a press release. The funding round was led by Digital Transformation Capital Partners (DTCP), with support from the British Business Bank, NATO Innovation Fund (NIF), Rheinmetall, Inocea group as well as VC firms Hico Ventures, Thesiger Capital, and BOKA Capital.Kraken designs and builds autonomous maritime platforms, such as uncrewed subsurface vessels, for military and security purposes.

Full report : Kraken Technology, which designs and builds autonomous maritime platforms, such as uncrewed subsurface vessels, raised a $175 million Series B at a $1 billion valuation.