Autonomous ship startup Kraken raises $175M at $1B valuation

Kraken Technology Group Ltd., a British defense startup that makes autonomous ships, has raised $175 million in funding.

Private equity firm DTCP led the Series B deal.

It was joined by the U.K. government’s British Business Bank, the NATO Innovation Fund and more than a half-dozen others.

Kraken disclosed in its announcement of the round […]

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