Maritime defence startup Kraken Technology hits unicorn status

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