From powerboat records to a $1bn war chest: meet Europe’s newest defence unicorn

Kraken Technology Group, a British company specializing in uncrewed surface vessels, has raised $175 million in a Series B funding round, valuing it at over $1 billion and making it Europe's newest defence unicorn. The company produces modular, crewless boats used for surveillance, logistics, and combat roles, with contracts from the UK Ministry of Defence, NATO partners, and USSOCOM, and has deployed its vessels in active conflicts. Kraken's strategy involves partnering with established ship制造商