About Kraken Robotics
Kraken Robotics is a company based in Canada founded in 2008.. The company has 282 employees as of December 31, 2024. Kraken Robotics has completed 4 acquisitions, including 13 Robotics, 3D at Depth and Marine Robotics Research. Kraken Robotics offers products and services including Towed SAS, SeaPower Batteries, Sub-Bottom Imager, and Acoustic Corer. Kraken Robotics operates in a competitive market with competitors including Anduril, Rovco, Saronic, Vaarst and Sagar Defence Engineering, among others.
- Headquarter Paradise Cove, Canada
- Employees 282 as on 31 Dec, 2024
- Stage Public
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics Aerospace, Defense & Maritime
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Kraken Robotics Inc
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Annual Revenue
$63.45 M (USD)31.2as on Dec 31, 2024
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Net Profit
$13.96 M (USD)262.23as on Dec 31, 2024
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EBITDA
$12.14 M (USD)51.12as on Dec 31, 2024
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Latest Funding Round
$10.4 M (USD), Post-IPO
Oct 26, 2020
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Investors
Ocean Infinity
& 1 more
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Employee Count
282
as on Dec 31, 2024
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Investments & Acquisitions
13 Robotics
& 3 more
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IPO & Listings of Kraken Robotics
Kraken Robotics is a publicly listed company on the TSXV with ticker symbol PNG in Canada, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Kraken Robotics
Kraken Robotics offers a comprehensive portfolio of products and services, including Towed SAS, SeaPower Batteries, Sub-Bottom Imager, and Acoustic Corer. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-coverage sonar for seabed imagery and bathymetry surveys
Pressure neutral batteries for extended AUV endurance
Acoustic technology for penetrating sub-seabed depths up to 5 meters
System for scanning sub-seabed cores up to 14 meters wide
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Funding Insights of Kraken Robotics
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $10.4M
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First Round
First Round
(28 Feb 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Post-IPO - Kraken Robotics | Valuation |
investors |
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| Aug, 2020 | Amount | Grant - Kraken Robotics | Valuation |
investors |
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| Jun, 2018 | Amount | Post-IPO - Kraken Robotics | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kraken Robotics
Kraken Robotics has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Ocean Infinity and Canadian Space Agency. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Robotic ships are provided for ocean data acquisition and analysis.
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Founded Year | Domain | Location | |
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Canadian space agency focused on social and economic benefits
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kraken Robotics
Kraken Robotics has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include 13 Robotics, 3D at Depth and Marine Robotics Research. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Robotics solutions for marine inspections and unmanned vehicles are provided.
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2016 | ||||
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LiDAR laser technology is utilized for subsea surveys.
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2009 | ||||
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Manufacturer of AUV and ROV-based underwater robots systems for maritime industries
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Kraken Robotics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kraken Robotics Comparisons
Competitors of Kraken Robotics
Kraken Robotics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Anduril, Rovco, Saronic, Vaarst and Sagar Defence Engineering, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of AI-based drone surveillance solutions for defense and maritime sector
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| domain | founded_year | HQ Location |
Provider of AI-driven ROVs and services for inspection of ships
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| domain | founded_year | HQ Location |
Autonomous surface vessels are developed for naval and maritime applications.
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| domain | founded_year | HQ Location |
AI-based robotic analysis solutions for marine applications are provided.
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| domain | founded_year | HQ Location |
Manufacturer of a quadcopter drone for multiple civilian and military applications
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kraken Robotics
Frequently Asked Questions about Kraken Robotics
When was Kraken Robotics founded?
Kraken Robotics was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is Kraken Robotics located?
Kraken Robotics is headquartered in Canada. It is registered at British Columbia, Canada.
Who is the current CEO of Kraken Robotics?
Greg Reid is the current CEO of Kraken Robotics.
How many employees does Kraken Robotics have?
As of Dec 31, 2024, the latest employee count at Kraken Robotics is 282.
What is the annual revenue of Kraken Robotics?
Annual revenue of Kraken Robotics is $63.45M as on Dec 31, 2024.
What does Kraken Robotics do?
Kraken Robotics was founded in 2008 in Paradise Cove, Canada, and operates in the maritime robotics sector. Unmanned vehicles, synthetic aperture sonars, rim-driven thrusters, robotic systems, 3D laser imaging, and autonomous underwater vehicles are supplied for seabed surveys and other applications. Military, defense, and commercial sectors are served through these technologies, with a focus on high-resolution imagery and coverage rates.
Who are the top competitors of Kraken Robotics?
What products or services does Kraken Robotics offer?
Kraken Robotics offers Towed SAS, SeaPower Batteries, Sub-Bottom Imager, and Acoustic Corer.
Is Kraken Robotics publicly traded?
Yes, Kraken Robotics is publicly traded on TSXV under the ticker symbol PNG.
How many acquisitions has Kraken Robotics made?
Kraken Robotics has made 4 acquisitions, including 13 Robotics, 3D at Depth, and Marine Robotics Research.
Who are Kraken Robotics's investors?
Kraken Robotics has 2 investors. Key investors include Ocean Infinity, and Canadian Space Agency.
What is Kraken Robotics's ticker symbol?
The ticker symbol of Kraken Robotics is PNG on TSXV.