Kraken Robotics nets $115M for marine systems in public offering - The Robot Report

Kraken Robotics Inc., a Canadian marine technology company specializing in advanced subsea imaging and uncrewed maritime systems, has successfully closed an underwritten public offering, raising over $115 million by issuing more than 43.2 million common shares at $2.66 each. The capital infusion strengthens Kraken’s balance sheet, enabling the company to pursue strategic acquisitions, expand its global presence, and enhance value for customers and shareholders. Kraken’s product portfolio includes synthetic aperture sonar, sub-bottom imaging, lidar systems, and pressure-tolerant batteries designed for uncrewed underwater vehicles and subsea energy storage. In April, Kraken acquired 3D at Depth Inc., a subsea services firm specializing in high-resolution lidar imaging, which now operates as a wholly owned subsidiary under the Kraken brand. This acquisition complements Kraken’s existing technologies and supports its goal to transform subsea intelligence with integrated 3D imaging sensors and power systems. The company reported a Q1 2025 gross profit of $10.1