Kraken Robotics

Paradise Cove, Canada Founded: 2008 • Age: 18 yrs
Unmanned maritime vehicles and subsea sensors are provided.
Annual revenue $63.4M Latest available
Total funding - 7 rounds
Employees 282 Tracked headcount
Investors 2 Known backers
Products 4 Services tracked
Competitors 10 Brand Intelligence

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 5 acquisitions, including 13 Robotics, 3D at Depth and Covelya. 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
  • Sectors
    Industrial Goods & Manufacturing
    Transportation, Automotive & Logistics Aerospace, Defense & Maritime
  • 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
Operational Areas
Industrial Goods & Manufacturing → Robotics, Automation & Smart Systems Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Maritime, Ports & Shipping Unlock Sub-Sector Unlock Segment
Aerospace, Defense & Maritime → Defense Systems & Security Services Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $63.45 M (USD)
    31.2
    as on Dec 31, 2024
  • Net Profit
    $13.96 M (USD)
    262.23
    as on Dec 31, 2024
  • EBITDA
    $12.14 M (USD)
    51.12
    as on Dec 31, 2024
  • Latest Funding Round
    $10.4 M (USD), Post-IPO

    Oct 26, 2020

  • Investors
  • Employee Count
    282

    as on Dec 31, 2024

  • Investments & Acquisitions
    13 Robotics

    & 4 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.

Exchange: TSXV · Ticker: PNG · Sector: Electronic technology · Canada

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.

Product name locked
Category locked
Primary

High-coverage sonar for seabed imagery and bathymetry surveys

Product name locked
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Pressure neutral batteries for extended AUV endurance

Product name locked
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Acoustic technology for penetrating sub-seabed depths up to 5 meters

Product name locked
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System for scanning sub-seabed cores up to 14 meters wide

People of Kraken Robotics

Headcount 200-500
Employee Profiles 51
Employee Profiles
People
Dennis Hogan
Product Sales Lead
People
Greg Reid
President & Chief Executive Officer
People
Nat Spencer
Chief Operating Officer
People
Dennene Huntley
Director Global Supply Chain & Logistics

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Funding Insights of Kraken Robotics

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.

All
Institutional
Investor Description Founded Year Domain Location
Robotic ships are provided for ocean data acquisition and analysis.
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Canadian space agency focused on social and economic benefits
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Investor details for Kraken Robotics

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Investments & Acquisitions by Kraken Robotics

Kraken Robotics has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include 13 Robotics, 3D at Depth and Covelya.

Investments
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Investment portfolio details for Kraken Robotics

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Robotics solutions for marine inspections and unmanned vehicles are provided.
Locked Locked 2016 Locked
LiDAR laser technology is utilized for subsea surveys.
Locked Locked 2009 Locked
Manufacturer of AUV and ROV-based underwater robots systems for maritime industries
Locked Locked 2007 Locked
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Complete acquisition details for Kraken Robotics

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Financial Statements - Kraken Robotics

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Detailed financials for Kraken Robotics

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Kraken Robotics Comparisons

Kraken Robotics Primary company
Description
Unmanned maritime vehicles and subsea sensors are provided.
Location
Canada
Founded Year
2008
Annual Revenue
$63.45 M (USD)
Net Profit
$13.96 M (USD)
EBITDA
$12.14 M (USD)
Employees
282
As of 2024
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Peer comparison for Kraken Robotics

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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.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Provider of AI-based drone surveillance solutions for defense and maritime sector
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Provider of AI-driven ROVs and services for inspection of ships
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Autonomous surface vessels are developed for naval and maritime applications.
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AI-based robotic analysis solutions for marine applications are provided.
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Manufacturer of a quadcopter drone for multiple civilian and military applications
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Detailed competitors of Kraken Robotics

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Latest news on Kraken Robotics

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Complete news archive for Kraken Robotics

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Frequently Asked Questions about Kraken Robotics

Kraken Robotics was founded in 2008 and raised its 1st funding round 7 years after it was founded.

Kraken Robotics is headquartered in Canada. It is registered at British Columbia, Canada.

Greg Reid is the current CEO of Kraken Robotics.

As of Dec 31, 2024, the latest employee count at Kraken Robotics is 282.

Annual revenue of Kraken Robotics is $63.45M as on Dec 31, 2024.

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.

Kraken Robotics's top competitors include Anduril, Rovco and Saronic.

Kraken Robotics offers Towed SAS, SeaPower Batteries, Sub-Bottom Imager, and Acoustic Corer.

Yes, Kraken Robotics is publicly traded on TSXV under the ticker symbol PNG.

Kraken Robotics has made 5 acquisitions, including 13 Robotics, 3D at Depth, and Covelya.

Kraken Robotics has 2 investors. Key investors include Ocean Infinity, and Canadian Space Agency.

The ticker symbol of Kraken Robotics is PNG on TSXV.

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