Kraken SAS
Synthetic aperture sonar
Synthetic aperture sonar that performs imaging and bathymetric mapping simultaneously, delivering higher resolution, range and area coverage rates.
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Kraken Robotics
DefenceTSX-V: PNGMount Pearl, NL
Builds underwater sensing and power systems for defence and commercial marine operators, including synthetic aperture sonar and pressure-tolerant subsea batteries, and delivers subsea LiDAR and sub-bottom imaging as survey services in over 30 countries.
Canadian innovation builds a brighter tomorrow.
About
Company site: krakenrobotics.comBuilds underwater sensing and power systems for defence and commercial marine operators, including synthetic aperture sonar and pressure-tolerant subsea batteries, and delivers subsea LiDAR and sub-bottom imaging as survey services in over 30 countries.
Closed the $615M acquisition of Covelya Group in July 2026, adding Sonardyne, EIVA, Forcys, Voyis and Chelsea Technologies. krakenrobotics.com
Reported Q2 2026 revenue of $27.3M, up 4% year over year, with adjusted EBITDA of $5.0M and full-year guidance of $290-320M. krakenrobotics.com
Announced $35M in new orders in July 2026, bringing combined Kraken and Covelya year-to-date product orders to $327M. krakenrobotics.com
Raised $402.5M in a March 2026 public offering of subscription receipts led by Scotiabank and Desjardins to fund the Covelya acquisition. krakenrobotics.com
Delivers subsea LiDAR as a survey service, generating its reports "Using the latest technology from Leica Geosystems", and states it has a patented Nuclear LiDAR system. krakenrobotics.com
Products & Services
Company site: krakenrobotics.comProducts Kraken Robotics publishes on its own site. Each card links to the page it was taken from.
KATFISH
Towed SAS system
An actively stabilized synthetic aperture sonar towfish delivering ultra-high resolution data of up to 2 cm x 2 cm, using articulated tailfins and an intelligent autopilot to compensate for motion.
Learn moreSeaPower
Pressure-tolerant subsea batteries
A subsea lithium-ion battery with a proprietary polymer matrix for pressure-tolerant encapsulation and an integrated battery management system.
Learn moreUUV Technologies
Subsea vehicle systems
Precision integration of critical UUV technologies.
Learn moreDeployment & Services
Company site: krakenrobotics.comHow Kraken Robotics says its technology can be deployed and delivered.
LiDAR solutions
High-precision inspection and monitoring of underwater assets and environments — millimetric-accuracy seabed mapping, 3D digital twins and infrastructure modelling.
Sub-bottom imaging
Seeing beneath the seabed using acoustic technology, delivering 3D data on subsea stratigraphy and hazards.
Acoustic coring
The Acoustic Corer delivers a 3D acoustic core 14 m in diameter at depths beyond 50 m, bridging geophysical and geotechnical site investigation.
Towed SAS survey
Higher quality, wider swaths of survey data at faster speeds than towed sidescan sonar, at a constant 3 cm x 3 cm imagery resolution.
Funding & Investors
Announced rounds only, newest first. Undisclosed amounts are shown as undisclosed.
Public offering of subscription receipts
Mar 12, 2026
C$402.5Mkrakenrobotics.comInvestors: Scotiabank, Desjardins Capital Markets, Canaccord Genuity, Jefferies Securities, TD Securities, Cormark Securities, Raymond James, National Bank Financial
Total disclosed: C$402.5MLatest: Public offering of subscription receipts · Mar 12, 2026
Partnerships
Publicly announced partnerships.
Polish Navy
KATFISH towed synthetic aperture sonar for Kormoran II-class minehunters, supplied via reseller Thesta.
Government & Grants
Government support actually received. Unpublished amounts are left out.
Innovative Solutions Canada - Robotics as a Service contract for the Royal Canadian Navy
Public Works and Government Services Canada, end user National Defence - ThunderFish 300 AUV upgrades
Recent News
- Jul 20, 2026Contract
Kraken Robotics announces $35 million in new orders and business update
Kraken announced $35M in new product orders from maritime defence, offshore energy and ocean science customers, across navigation and positioning systems, multi-aperture sonar and Covelya monitoring systems as well as Kraken synthetic aperture sonar. It stated $327M in total product orders announced to date in 2026 on a combined basis with Covelya.
- Jul 2, 2026Acquisition
Kraken Robotics announces closing of strategic acquisition of Covelya Group Limited
Kraken closed its acquisition of Covelya Group Limited for approximately $615 million in Canadian dollars, subject to closing adjustments, and updated its 2026 guidance and executive team. Kraken states the deal positions it as a global provider of dual-use subsea intelligence solutions.
- May 6, 2026Partnership
Kraken Robotics signs Memorandum of Understanding with SEFINE SISAM
Kraken signed an MOU with SEFINE SISAM at the SAHA exposition in Turkiye. Under the agreement Kraken will work with SISAM to integrate its KATFISH towed sonar into SISAM mission planning software and develop automatic target recognition for Kraken synthetic aperture sonar.
- Apr 16, 2026Contract
Kraken Robotics announces $28 million in SeaPower battery and Kraken SAS orders
Kraken announced approximately $28M in new orders from five clients, including two new customers, for its SeaPower batteries and synthetic aperture sonar. The orders include battery contracts from three large international defence companies and a sonar order from a new commercial UUV manufacturer.
- Apr 7, 2026Product
Kraken Robotics demonstrates KATFISH autonomous launch and recovery from SEFINE USV
Kraken integrated and demonstrated its KATFISH towed synthetic aperture sonar and autonomous launch and recovery system from SEFINE’s RD-22 uncrewed surface vessel off Istanbul, Turkiye in Q1 2026, focused on detecting and classifying mine-like objects and underwater infrastructure.
People
Sourced from the company's own pages or announcements.
Greg Reid
Chief Executive Officer
Bernard Mills
President
Joe Mackay
Chief Financial Officer
Technology Focus
Company site: krakenrobotics.comTerms the company uses about its own work.
Synthetic aperture sonarKATFISH towed SASPressure-tolerant subsea batteriesSubsea LiDAR servicesSub-bottom imagingUUV technologies3D imaging sensors
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