Fundraising Fox

Kraken Technology Group

Unicorn · $1B

Fareham, GB · Founded 2020 · 7 known investors

krakentechnology.com ↗

Kraken Technology develops next-generation maritime systems and platforms, drawing on engineering experience from world-championship offshore powerboat racing. The company focuses on maritime and defence capability, combining operators, engineers, and strategic advisors.

Deep TechDefense TechHardwareRobotics

Founders & leadership

Kraken Technology Group was founded in 2020 by Malcolm Crease.

MC
Malcolm CreaseinFounder & CEOMal Crease founded Kraken Technology Group in 2020 and runs it as CEO, building uncrewed surface vessels — the K-class range — for the Royal Navy, US Special Operations Command and other defence customers. A $175m Series B led by DTCP in July 2026 made Kraken a $1bn company. He spent twenty years in offshore powerboat racing, setting world speed and endurance records with Vector Racing.
MCMal Crease
Mal CreaseCEO
ETEd Tilston
Ed TilstonCMO
MEMark Exeter
Mark ExeterCOO
JDJohn Donnelly
John DonnellyCTO
EDErica Dill-Russell
Erica Dill-RussellCCO
DBDave Bate
Dave BateCFO

Investors · 7

British Business Bank✓ verifiedSheffield
DTCP✓ verifiedBerlin
NATO Innovation Fund✓ verifiedAmsterdam · $16.2M
SuperAngelTallinn · $108K – $540K
Supernova InvestParis

Also in the syndicate · 2

Inocea GroupRheinmetall

Funding

SEC filings, press & company announcements

$175M disclosed across 1 round · 2026

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events
$1Bvaluation at Series BJul 2026
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Frequently asked questions

What does Kraken Technology Group do?
Kraken Technology develops next-generation maritime systems and platforms, drawing on engineering experience from world-championship offshore powerboat racing. The company focuses on maritime and defence capability, combining operators, engineers, and strategic advisors.
Who founded Kraken Technology Group?
Kraken Technology Group was founded by Malcolm Crease in 2020.
Who are Kraken Technology Group's investors?
Kraken Technology Group's investors include British Business Bank, DTCP, NATO Innovation Fund, SuperAngel, Supernova Invest.
How much funding has Kraken Technology Group raised?
Kraken Technology Group has disclosed $175M raised across 1 round.
Where is Kraken Technology Group headquartered?
Kraken Technology Group is headquartered in Fareham, GB.