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LaunchKraken Robotics Launches SeaPower Subsea Batteries with $13 Million in Orders

Oct 16, 2024
Mount PearlManufacturingInformation TechnologyRobotics

Product Description

Kraken Robotics Inc. has announced the receipt of $13 million in orders for its SeaPower subsea batteries, which are designed for depths up to 6,000 meters and offer superior energy density compared to traditional batteries. These batteries have proven to double the endurance of underwater vehicles used by clients in commercial and defense sectors worldwide.

Company Information

Company

Kraken Robotics

Location

Mount Pearl, Newfoundland And Labrador, Canada

About

Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans - safely, efficiently, and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.