The $300m Series C values the defence tech startup at $3.4bn following backing from DFJ Growth.
"This raise is testament to the incredible work of the entire Cambridge Aerospace team. The addition of these funds will allow us to continue to scale our manufacturing and our delivery to meet the pace of threats, and the needs of Allied nations,"
Winfred reads them overnight, pulls out the facts, checks them against Companies House and files them. It was built by C8VA, who do the same kind of work for other businesses: turning messy, unstructured material into something you can search, count and rely on.
The funding round was led by DTCP and values the British maritime defence company at over $1bn.
"Kraken is excited to be partnering with DTCP, leading such a prestigious group of European and international investors. This significant funding round will accelerate Kraken’s global roll-out, enabling the deployment of hardened, reliable, mission-ready capabilities for NATO and its worldwide partners at an unprecedented scale in the maritime domain,"
The National Wealth Fund backed the Bristol-based engineering firm in its first direct investment focused on national security.
"Rowden was founded on the belief that the UK can build world-class engineering companies that strengthen national resilience and economic growth. We partnered with the National Wealth Fund because of its long-term commitment to supporting ambitious UK businesses in critical industries and strengthening sovereign capability,"