British uncrewed-boat maker Kraken Technology Group has raised $175m at a $1bn valuation, with the NATO Innovation Fund, the British Business Bank and Rheinmetall in the round and a Rheinmetall joint venture now building its K3 SCOUT boat in Hamburg. Rheinmetall MAN also took over Germany's InterRoC VII programme, pushing convoy autonomy that works when GPS is jammed. Ukraine's National Guard Omega unit is reported to have built an uncrewed boat to launch attack drones.
24JUL
Kraken raise makes Europe's newest defence unicorn
1 min read
12:50UTC
British uncrewed-boat maker Kraken Technology Group has raised $175m at a $1bn valuation, with the NATO Innovation Fund, the British Business Bank and Rheinmetall in the round and a Rheinmetall joint venture now building its K3 SCOUT boat in Hamburg. Rheinmetall MAN also took over Germany's InterRoC VII programme, pushing convoy autonomy that works when GPS is jammed. Ukraine's National Guard Omega unit is reported to have built an uncrewed boat to launch attack drones.
Key takeaway
State-backed funds and a prime just made a British robot-boat maker Europe's newest defence unicorn.
Different Perspectives
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University of Limerick
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Belgian Ministry of Defence
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American Rheinmetall
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