Kraken Technology, a Fareham, UK-based maritime defense startup, raised $175M in Series B funding, at $1 Billion valuation. The round was led by DTCP with participation from British Business Bank, NATO Innovation Fund, Rheinmetall, Inocea Group, HICO, Thesiger Capital Group, BOKA Capital, Supernova Invest, Hakluyt Capital, NIF, UK’s National Security Strategic Investment Fund, SmartCap, Notion Capital and Speedinvest.