NATO Innovation Fund, NSSIF, and Superangel completed an investment in Kraken Technology Group.

NATO Innovation Fund, a venture capital fund, NSSIF, the UK Government’s corporate venturing arm for pioneering dual-use technologies, and Superangel, completed an investment in Kraken Technology group, a UK-based developer of uncrewed surface vessel (USV) systems. Financial terms were not disclosed. “As traditional fleets adapt to changing threats, Kraken’s unmanned systems allow for smarter, more efficient use of crewed assets whilst delivering scalable end-user capability at a fraction of the traditional cost point. The investment received is a powerful vote of confidence in Kraken and its platforms, particularly given the nature of the funds. We look forward to working with the NIF, NSSIF, and others as we continue to grow our capabilities and further our mission in partnership with other NATO countries,” Mal Crease, Kraken CEO.