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
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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
& 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.
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.
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
People of Kraken Robotics
Unlock access to complete
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 |
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.
| 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 |
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.
| 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 |
Financial Statements - Kraken Robotics
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.
| 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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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 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.