Kraken Robotics

What Kraken Robotics does

Kraken Robotics Inc. is a Canadian marine technology company headquartered in St. John's, Newfoundland, founded around 2012 and publicly listed on the TSX Venture Exchange (PNG.V) and OTCQB (KRKNF). It designs, manufactures, and operates advanced subsea sensors and unmanned underwater systems, with a product portfolio centered on three pillars: Synthetic Aperture Sonar (SAS) — including the Kraken SAS platform for simultaneous imaging and bathymetric mapping and the KATFISH high-speed towed SAS towfish operating at up to 10 knots; SeaPower pressure-tolerant subsea batteries claiming the highest energy density on the market (200% greater than competitors at 46% less weight per kWh); and LiDAR-based subsea inspection services. The company generates revenue through two streams — hardware product sales ($61.7M in 2025) and subsea survey services ($40.5M in 2025, up 63.2% YoY) — sold primarily through direct enterprise sales to defense navies, offshore energy operators, and marine research institutions across more than 30 countries, complemented by authorized resellers (e.g., Thesta in Poland) and defense system integrators (TKMS ATLAS UK, Anduril).

The company is undergoing a transformational expansion. In April 2025 it acquired 3D at Depth (LiDAR services), and in July 2026 it closed the $615 million acquisition of UK-based Covelya Group, adding navigation, positioning, and communications product lines through subsidiaries Sonardyne International, EIVA, Forcys, Wavefront Systems, Voyis Imaging, and Chelsea Technologies. The combined entity is expected to generate $351-379 million in 2025 revenue at a 24% Adjusted EBITDA margin, operate 12 facilities with over 450,000 square feet of production capacity, and serve more than 700 customers. Kraken's competitive moat rests on a combined patent portfolio of over 110 patents, integration into more than 30 UUV platform types, and deep qualifications with NATO member navies. The company is led by President and CEO Greg Reid, with a seven-member board chaired by Shaun McEwan since April 2026.

Name

Kraken Robotics

Legal name

Kraken Robotics Inc.

Website

https://krakenrobotics.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

251–500 employees

Short description

Kraken Robotics is a Canadian marine technology company that designs and manufactures synthetic aperture sonar systems, pressure-tolerant subsea batteries, and LiDAR solutions for unmanned underwater vehicles. It serves defense navies, offshore energy, and marine research customers across more than 30 countries.

Ownership category

akta.pro rank

Product category

Subsea Sensors and Unmanned Underwater Vehicle Systems

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Marine & Underwater Robotics (USVs/UUVs) (HDAAAIAH)

akta.pro secondary industries

Unmanned Underwater Vehicles (UUV) & Autonomous Subsea Platforms (IMABAIAF), Sonar, Undersea Sensors & Acoustic Detection Systems (IMABAGAD), Submarine Energy Storage & Power Distribution Manufacturing (Batteries, Switchboards, Converters) (IMAJAOAG), Unmanned Underwater Vehicle (UUV) & Autonomous Submersible Manufacturing (IMAJAOAC)

Keywords

• Subsea sensors
• Synthetic aperture sonar
• Underwater robotics
• Unmanned underwater vehicles
• Subsea battery systems

Headquarters

HQ city

St. John's

HQ country

Canada

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Product Sales: Sale of manufactured products including SeaPower subsea batteries, KATFISH towed SAS systems, Kraken SAS, and related components. Products are sold directly to defense customers, commercial UUV manufacturers, and through channel partners. 2025 product revenue: $61.7 million.
2. Services: Subsea services including LiDAR solutions, sub-bottom imaging, acoustic coring, and towed SAS survey services. Includes contribution from 3D at Depth acquisition (completed April 2025). 2025 service revenue: $40.5 million, up 63.2% year-over-year.
3. Combined Revenue (Post-Covelya): Following Covelya acquisition, combined entity expected to generate $351-379 million in 2025 revenue with 24% Adjusted EBITDA margin. Includes Covelya's navigation, positioning, communications, and sensor products.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels10 records

Core offering

Kraken Robotics designs and manufactures advanced subsea sensors, pressure-tolerant batteries, and robotic systems for unmanned underwater vehicles, alongside related survey services. Core hardware products include Kraken Synthetic Aperture Sonar (SAS), the KATFISH high-speed towed SAS towfish, and SeaPressure-tolerant subsea batteries. The company also delivers LiDAR, sub-bottom imaging, acoustic coring, and towed SAS survey services to defence, offshore energy, and marine research customers.

Product overview

Kraken Robotics is a maritime technology company specializing in sonar-based products and subsea services for defense, energy, and marine research applications. The company's product portfolio centers on Synthetic Aperture Sonar (SAS) technology, featuring the Kraken SAS platform for simultaneous imaging and bathymetric mapping, the KATFISH Towed SAS system for high-speed tethered survey operations, and SeaPower Batteries for UUV power systems. These core products are complemented by a suite of subsea survey services including LiDAR Solutions, Sub-Bottom Imaging, Acoustic Coring, and Towed SAS Survey. The company operates a vertically integrated model providing both hardware products and associated survey services to maritime customers worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• SeaPower: Subsea batteries with highest energy density on the market for UUVs and subsea energy storage
• KATFISH
• Kraken SAS
• SeaPower Battery
• USV-LARS

Products and services

• Kraken SAS (Synthetic Aperture Sonar) Technology evolution integrating imaging and bathymetric mapping simultaneously, providing best-in-class resolution for ocean safety, infrastructure, and geology applications. Sold to defence and commercial maritime customers.
• KATFISH Towed SAS High-speed, actively stabilized synthetic aperture sonar towfish operating at speeds up to 10 knots with a 300-meter depth rating, providing increased area coverage rates for high-resolution seabed mapping and mine countermeasure operations.
• SeaPower Batteries Pressure-tolerant subsea battery systems with the highest energy density on the market — 200% greater energy density and 46% less weight per kWh than traditional oil-compensated or pressure-housed batteries. Engineered for UUVs and subsea energy storage, with production at facilities in Germany and a new Nova Scotia plant coming online in early 2026.
• LiDAR Solutions Millimeter-resolution underwater laser scanning services delivering high-resolution 3D imaging and metrology for inspection of underwater assets and infrastructure.
• Sub-Bottom Imaging 3D subsea stratigraphy visualisation service delivering a clear understanding of undersea infrastructure, geology, and buried hazards.
• Acoustic Coring Sub-bottom profiling service delivering a 3D acoustic core with a 14-meter diameter and depths exceeding 50 meters into the seabed for geological analysis.
• Towed SAS Survey High-resolution seabed mapping survey service using KATFISH towed SAS to acquire higher quality, wider swaths of data at faster speeds than conventional towed side-scan sonar.

Quantifiable outcome

• 3 cm x 3 cm resolution imaging at 200 meters per side range
• +4 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Five partnerships are on record, tiered core and minor.

• SEFINE SISAMcoreStrategic or Co-development Partner · 6 May 2026MOU signed at SAHA exhibition in Turkey to integrate KATFISH into SISAM's mission planning software and develop automatic target recognition capabilities for Kraken SAS. Follows successful sea demonstration off Istanbul coast. Both companies advancing autonomous solutions for seabed warfare and mine countermeasures.
• ThestaminorChannel Partner/ Reseller/ Distributor · 1 March 2026Authorized reseller of KATFISH systems in Poland. Arranged through Oceanology International exhibition. Manages KATFISH sales to Polish Navy for Kormoran II-class minehunting vessels.
• TKMS ATLAS UKcoreStrategic or Co-development Partner · 18 November 2025Joint demonstration of KATFISH USV-LARS from TKMS ATLAS UK's 11-meter ARCIMS USV off Portland, UK for NATO navies. Demonstrated autonomous survey capabilities for maritime security missions including mine countermeasure operations. System achieves 300-meter depth rating.
• VerlumeminorStrategic or Co-development Partner · 8 September 2025Strategic collaboration to deliver best-in-class subsea battery solutions. Verlume and Kraken combining technologies for subsea power storage solutions.
• AndurilcoreStrategic or Co-development PartnerGrowing partnership for underwater drone platforms. Both companies positioned to benefit from expanding defense spending on underwater drones. Kraken and Archer Aviation both identified as direct Anduril suppliers in defense ETF holdings.

Scale indicators17 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Ultra Maritime (Ultra Electronics): Ultra Maritime is the most direct peer, competing with Kraken's sonar, undersea sensors, and SeaPower battery offerings through its Ultra Sonar Systems business. Bernard Mills, Kraken's EVP Defence, was previously President of Ultra Sonar Systems, evidencing direct competitive overlap in naval sonar and mine countermeasure systems.
• Kongsberg Maritime: Kongsberg Maritime produces HUGIN AUVs and underwater mapping systems, competing directly with Kraken in autonomous subsea platforms and synthetic aperture sonar for offshore survey and naval applications.
• Teledyne Marine: Teledyne Marine supplies sonars, AUVs (Gavia, SeaRaptor), and underwater sensors and is both a customer of Kraken SAS/SeaPower products and a direct competitor in synthetic aperture sonar and imaging solutions for defense and offshore markets.
• Klein Marine Systems: Klein Marine Systems specializes in side-scan sonar and synthetic aperture sonar for hydrographic survey and defense, directly overlapping with Kraken SAS and KATFISH offerings in towed sonar and seabed imaging markets.
• Ocean Infinity: Ocean Infinity operates large fleets of unmanned surface and underwater vehicles for seabed mapping and has been a Kraken investor and customer. It represents an adjacent commercial operator that both consumes and competes with subsea survey and data services.

Broad incumbents

• L3Harris Technologies: L3Harris manufactures sonars, acoustic sensors, and unmanned maritime systems for naval defense. As a broad incumbent in undersea sensing with global defense relationships, it competes with Kraken across several product categories.
• Thales Group: Thales is a major defense prime competing in sonar systems, unmanned maritime systems, and naval combat systems. Several Kraken executives (Bernard Mills, Scott Peak) previously worked at Thales, evidencing overlapping capability in undersea warfare and maritime autonomy.
• Northrop Grumman: Northrop Grumman's Mission Systems division builds undersea systems, sonar arrays, and unmanned maritime vehicles for the U.S. Navy. It is a broader incumbent in naval defense but overlaps with Kraken in sonar and AUV technology for defense customers.
• Saab AB: Saab produces the Sea Wasp ROV and offers underwater robotics, autonomous underwater vehicles, and naval defense systems, competing with Kraken in mine countermeasures and unmanned subsea platforms.

Emerging players

• Anduril Industries: Anduril is both a Kraken strategic partner (underwater drone platforms) and an emerging competitive threat as it expands into autonomous undersea systems. The partnership and JEDI ETF co-positioning make it a uniquely important emerging player.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/KrakenRobotics
• YouTubeyoutube.com/@krakenrobotics
• Facebookfacebook.com/krakenroboticsinc
• LinkedInlinkedin.com/company/krakenrobotics
• Instagraminstagram.com/krakenrobotics

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries8 records

Funding overview

Funding rounds10 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kraken Robotics