Kraken Robotics
Canadian subsea technology firm making synthetic aperture sonar, subsea batteries and underwater robotic systems.
Kraken Robotics builds underwater sensing, power and robotic systems, including synthetic aperture sonar, sub bottom imaging, LiDAR and pressure tolerant batteries for uncrewed underwater vehicles. The company was founded in 2012 in Canada and lists on the TSX Venture Exchange as PNG and on OTCQB as KRKNF. Its financing releases state amounts in dollars without marking them as US dollars, so no USD figures are recorded here. It closed a bought deal of 32,343,750 shares at $1.60 for $51.75 million in October 2024 and another bought deal of 43,240,000 shares at $2.66 for $115.0 million in July 2025, the latter led by Desjardins Capital Markets. In March 2026 it completed a $402.5 million offering of subscription receipts co led by Scotiabank and Desjardins to help fund the purchase of Covelya Group. That acquisition, valued at about $615 million and covering Sonardyne, EIVA, Forcys, Voyis and Chelsea Technologies, closed in July 2026.
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- Founded
- 2012
- Country
- Canada
- Mar 12, 2026Subscription receipts public offering—
- Jul 7, 2025Bought deal public offering—
- Oct 22, 2024Bought deal public offering—