$1.0B
The financing values the former Octopus Energy subsidiary at $8.7bn and marks its official separation as a standalone technology provider.
Kraken provides an operating system for utilities and energy providers.
Kraken operates an end-to-end technology platform that manages customer accounts, billing, and grid flexibility for utilities worldwide.
Amir Orad
CEO
The financing values the former Octopus Energy subsidiary at $8.7bn and marks its official separation as a standalone technology provider.