Meet the CTO: David Shea, Kraken Robotics

Since its founding in 2012, Kraken Robotics has operated by the succinct motto: “Innovate or Die.” Fast forward to 2024, and it is a global powerhouse, publicly traded with 250 employees and revenues fast approaching the $100m mark. David Shea has been with the company since the start and today serves as its Chief Technology Officer. He discusses the technologies and trends that will power his company’s growth into the future.Watch the full…

SeeByte and Kraken Robotics sign MOU

Marine technology companies SeeByte and Kraken Robotic shave formalized a collaboration through a Memorandum of Understanding (MOU) that aims to integrate their complementary systems to offer a unified solution for maritime mission planning, data collection, and analysis.Kraken is lnown for its cutting-edge synthetic aperture sonar (SAS) technology, which supports various maritime platforms, including uncrewed underwater vehicles of different sizes and the KATFISH towed SAS system…

Kraken Robotics Reports Revenue Jump

Kraken Robotics Inc. has reported a 67% increase in consolidated revenue for Q2 2024, $22.8 million compared to $13.7 million for the quarter ending June 30, 2023. Year-to-date it increased 105% to $43.6 million, compared to $21.2 million in the comparable 6-month period ending June 30, 2023. Product revenue in the quarter increased 83% to $19.2 million arising from continued sales across key products including subsea batteries…

Kraken Wraps Up High-Res Route Survey Work in Australia

Canadian company Kraken Robotics has completed a contract to supply high-resolution seabed mapping sonar service to Precision Hydrographic Services (PHS), a customer supporting the Australian Department of Defence.The Australian Department of Defence project sought to undertake Hydrographic High Resolution Route Surveys (RS) for a number of Australian ports.The purpose of these surveys was to enable…

Kraken Appoints COO, Marketing Director

Kraken Robotics announced that effective July 9, Nathaniel Spencer has been appointed Chief Operating Officer (COO) of Kraken. Spencer joined Kraken in August 2021 with the acquisition of PanGeo Subsea, where he was the Vice President of Service Delivery. For the last 18 months, Spencer has been the Managing Director of Kraken’s subsea power business, and he has more than 12 years in the marine sector…

Kraken Robotics Wins $2.2 Million Subsea Batteries Order

Canadian marine technology company Kraken Robotics on Thursday announced it has received repeat orders totaling $2.2 million for subsea batteries from existing naval clients.Rated for depths up to 6,000 meters, Kraken’s SeaPower subsea batteries provide up to twice the energy density and weigh 46% less per kWh than traditional pressure-housed batteries, the company said.

Kraken Robotics Scoops Multi-Million-Dollar Orders for Subsea Security Equipment

Canadian marine technology company Kraken Robotics has received orders for its subsea security equipment worth $3.7 million.The first order is for spares and sustainment of its KATFISH Mine Counter Measures (MCM) solution, totaling $2.2 million.In addition, Kraken received orders for AquaPix synthetic aperture sonars (SAS), worth $1.5 million.These systems will be integrated to Autonomous Underwater…

Kraken Robotics Wins $11M of New Service Contracts

Canadian marine technology company Kraken Robotics has secured $11 million of new contracts since the start of the year.The work scope of the contracts will be completed in 2024, Kraken Robotics said.The contracts consist of a $8 million Acoustic Corer deal signed earlier in April, and several smaller Sub Bottom Imager contracts for offshore wind farm development totaling $3 million.Under the Acoustic Corer contract…

Kraken Robotics Sees Strong Momentum Continuing

Kraken Robotics has filed its financial results for the fourth quarter and year ended December 31, 2023, highlighting that consolidated revenue for Q4 2023 was $28.0 million compared to $8.8 million, an increase of 218% over the comparable quarter and marked the company’s strongest quarter to date for both the product and service businesses.Revenue mix was 70% Product / 30% Service. Product revenue in the quarter was $19.6 million…

Kraken Robotics Wins $6 Million Order for Subsea Batteries

Kraken Robotics Inc. announced it has received orders totaling more than $6 million for subsea batteries.The Canadian-based marine technology company did not disclose details about the customer or application.Kraken said it expects to perform deliveries in 2024 and 2025.

Kraken Robotics Reels In $2.4M Sonar and Subsea Power Contracts

Canadian company Kraken Robotics has secured contracts totaling $2.4 million for subsea batteries and synthetic aperture sonar systems (SAS).The SAS sensor contracts are for a Research Institute and a Hydrographic Office of an unnamed Navy.No details can be provided on the subsea power customer due to confidentiality, Kraken Robotics informed.Deliveries of the systems will take place in 2024.

Kraken Joins Forces with US Navy for SAS Sensor Research

Kraken Robotics has signed an agreement with Naval Undersea Warfare Center Division (NUWC) in Newport to conduct joint research into advanced signal processing techniques for the current and future generation of Synthetic Aperture Sonar (SAS) sensor technologies.The cooperative research and development agreement signed between the parties also includes exploration into enhanced image processing techniques such as data fusion…

Kraken Robotics Delivers Minehunting Systems to Royal Danish Navy

Canadian company Kraken Robotics has completed deliveries and sea acceptance tests of all systems for its minehunting sonar equipment under the contract with Royal Danish Navy.The contract was signed in September 2020, following a competitive bidding process. Under the contract with the Danish Ministry of Defence Acquisition and Logistics Organization (DALO), Kraken has delivered four complete turnkey minehunting systems.Each system consists of a KATFISH towed Synthetic Aperture Sonar…

Finalists for Subsea Expo Awards '24 Announced

The finalists for the 2024 Subsea Expo Awards have been announced ahead of the ceremony taking place in Aberdeen next month.Organized by Global Underwater Hub, the annual event will take place on Wednesday, 21 February at P&J Live.Fourteen companies have been shortlisted as finalists in the awards which celebrate the achievements of companies and individuals that are leading the way in the UK’s underwater sectors.

Hogan Retires from OceansAdvance

OceansAdvance, the voice of the Newfoundland and Labrador Ocean Technology Innovation Cluster, announced the retirement of Cathy Hogan, who has served as Executive Director for more than 20 years, and the appointment of Shelly Petten as the incoming leader, effective December 18, 2023.Hogan has played an instrumental role in the growth and success of OceansAdvance. Her commitment to student engagement…

Kraken Wins Seabed Survey Contract in Australia

Kraken Robotics Inc. will supply high-resolution seabed mapping sonar service to Precision Hydrographic Services (PHS), a customer supporting the Australian Department of Defence. The Australian Department of Defence has awarded PHS a program to collect Hydrographic High Resolution Route Surveys (RS) for a number of Australian ports. The purpose of the RS is to enable the collection of Maritime Geospatial…

DISCOVERY: High-Res Mapping Tech Helps Find New Hydrothermal Vent Field

Scientists use high-resolution mapping technologies to find new hydrothermal vents inside the Galápagos Marine Reserve, as well as 15 species not previously known to live within the region.A research team aboard Schmidt Ocean Institute’s research vessel Falkor (too) discovered a new high-temperature hydrothermal vent field that hosts several 10- to 15-meter-tall actively venting chimney clusters. The vent field…

Kraken Robotics Awarded Contract to Survey Buried Subsea Pipeline

Kraken Robotics has been awarded a contract for a specialized sub-seabed survey to map the exact location and integrity of buried pipelines.The contract, valued at $1 million, will be completed in the first half of 2024. It builds off a previous sub-seabed acoustic survey that Kraken completed last year.The new survey will utilize specialized magnetic surveying techniques combined with artificial intelligence (AI) and the previously acquired acoustic data set to image the buried pipelines.

Kraken Robotics Reports Strongest Quarter in History

Kraken Robotics has filed strong financial results for the third quarter ended September 30, 2023.“With Q3 being our strongest quarter in history and Q4 expected to show further improvement, we are on track to hit our financial guidance for 2023,” said Kraken President and CEO Greg Reid. “More importantly, we are confident that our momentum will continue in 2024 as our sonar and subsea power business…

Peter A. Hunter Replaces Larry Puddister on Kraken Robotics' Board

Canadian marine robotics firm Kraken Robotics has appointed Peter A. Hunter to its Board of Directors.Hunter replaces Larry Puddister, a long-time Kraken director who has resigned. "Mr. Puddister has other active business interests and has resigned from his board position with the Company to dedicate more attention to those interests," Kraken Robotics said,Hunter is the founder, Chairman, and Managing Partner of Artemis Capital Partners…