Kraken Robotics

Kraken Robotics

Provides advanced underwater robotics and sensors for high-resolution seabed imagery and bathymetry. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
CAD2020202120222023202420252026
Revenues12.3m25.6m40.9m69.6m95.3m116m134m
% growth(19 %)109 %60 %70 %37 %22 %15 %
EBITDA(3.7m)<1m3.2m11.6m21.5m26.9m34.5m
% EBITDA margin(30 %)4 %8 %17 %23 %23 %26 %
Profit(5.5m)(3.5m)(4.2m)5.5m10.3m12.6m-
% profit margin(45 %)(14 %)(10 %)8 %11 %11 %-
EV / revenue6.8x2.9x2.8x2.2x3.6x3.0x2.6x
EV / EBITDA-22.9x84.0x35.3x12.9x16.1x12.8x10.0x
R&D budget1.2m2.3m1.3m4.5m---
R&D % of revenue10 %9 %3 %6 %---
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DateInvestorsAmountRound
N/A

N/A

IPO
N/A

$745k

Grant

$2.3m

Post IPO Equity
*
N/A

$6.0m

Post IPO Equity

$1.0m

Grant

$10.0m

Post IPO Equity
*

$3.3m

Grant
*

N/A

Post IPO Debt
*
N/A

$20.1m

Post IPO Equity
Total Funding€4.6m

Recent News about Kraken Robotics

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More about Kraken Roboticsinfo icon
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Kraken Robotics, headquartered in Canada, is a marine technology company specializing in the design and development of advanced sensors, software, and robotic systems for underwater applications. The company serves a diverse range of clients, including those in the defense, commercial, and scientific sectors, who require high-resolution imaging and data collection from beneath the ocean's surface.

Kraken Robotics operates in the marine technology market, focusing on subsea surveys and underwater exploration. Their innovative products include Synthetic Aperture Sonar (SAS), which provides superior underwater imaging, and advanced acoustic technology capable of penetrating the sub-seabed to depths greater than 40 meters. These technologies are mounted on Remotely Operated Vehicles (ROVs) and Autonomous Underwater Vehicles (AUVs), enabling detailed and efficient seabed surveys.

The company's business model revolves around the sale and leasing of their advanced underwater systems and sensors, as well as providing related services. Kraken Robotics generates revenue through direct sales of their technology, long-term service contracts, and project-based engagements. They also offer geohazard surveying services, which involve scanning the sub-seabed to identify potential risks, a critical service for industries such as oil and gas, renewable energy, and marine construction.

Kraken Robotics has a strong presence in North and South America and Europe, and they have been recognized as a top marine technology company by Marine Technology Reporter. The company has achieved significant milestones, including ISO 9001:2015 certification for Quality Management Systems and successful trials of their SeaPower pressure-tolerant batteries. Recent acquisitions, such as PanGeo Subsea and a Brazilian underwater robotics company, have expanded their capabilities and market reach.

Keywords: Marine Technology, Underwater Imaging, Synthetic Aperture Sonar, Subsea Sensors, ROV, AUV, Geohazard Surveying, SeaPower Batteries, ISO 9001:2015, Sub-seabed Surveys.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Kraken Robotics

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PanGeo Subsea
ACQUISITION by Kraken Robotics Apr 2021
13 Robotics
ACQUISITION by Kraken Robotics Apr 2021