Page 22: of Marine Technology Magazine (September 2022)

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Kraken Robotics www.krakenrobotics.com

Since opening its doors in 2012, Kraken has grown from six employees in Newfoundland and Labrador to now having 214 employees globally with of? ces in

Canada, US, Germany, Brazil, Scotland and Denmark.

More than 140 of these employees are employed at its Canadian of? ces, located in Mount Pearl, NL,

Dartmouth, NS and Toronto, ON. Kraken is one of

Canada’s leading marine technology companies and is projecting to grow by an additional 20+ people in 2022. Kraken continues to push the boundaries of in- novation, particularly in the defense sector. Kraken equates to the users being able to survey larger sections has developed technology platforms speci? cally for

MCM and are now selling those platforms to the Canadian of the ocean in less time and at higher quality than ever before. With post-processing we can achieve 1.9 x 2.1 cm

Navy and other NATO Navies globally.

In 2021, Kraken acquired two companies: 13 Robotics resolution, making it the highest quality resolution com-

Ltda of Brazil (13R) and PanGeo Subsea Inc. (PanGeo). mercially available on the market and less expensive than

Through the acquisition of these companies, Kraken added traditional military systems as its AquaPix SAS is rated more than 60 employees. The 13R team, with of? ces in for both commercial and military sales. To put that into

Rio de Janeiro and Salvador, Brazil, consists of software perspective, a Canadian Toonie is larger that 1.9 x 2.1cm developers and engineers who have signi? cant experience so that means when you zoom in on an object, we can see in underwater robotics and autonomous systems. PanGeo detail at that level of resolution. Our internal company is a services company specializing in high-resolution 3D mantra is “Innovate or Die.”

Kraken’s commitment to grow the company both domes- acoustic imaging solutions for the sub-seabed with of- ? ces in NL, NS and Scotland. In 2021, Kraken created tically and internationally led to the creation of two new a Robotics-as-a-Service division and the acquisition of recurring revenue models called Robotics-as-a-Service (RaaS) and Data-as-a-Service (DaaS). These new rev-

PanGeo will help eliminate barriers of entry as the com- enue models are coming together under a project known pany focuses on growing its service business. Furthermore,

PanGeo brings a portfolio of clients to Kraken that will as OceanVision. Through OceanVision, we have created undoubtedly lead to new Service revenue opportunities. a robotic data analytics-as-a-service business model. This service will involve the creation of a dedicated team of At-

Along with the employees from 13R and PanGeo, Krak- en also hired 17 new Canadian based employees during lantic Canadian trained and employed highly quali? ed per- 2021. Furthermore in 2021, to support Kraken’s growing sonnel, equipped with leading edge technologies. The new operations in NL, the company expanded its facilities by technologies and innovative data processing work? ows leasing an additional 13,000 sq. ft. Kraken now occupies will provide a step-change in seabed survey ef? ciency and more than 33,000 sq. ft. of of? ce and production space in signi? cantly decrease overall costs. OceanVision will use

NL. As well, Kraken’s NS facilities expanded by 2,486 sq. SAS data it collects from surveys it conducts in areas of ft. of space during 2021. In 2022, Kraken is projecting to interest with a plan to sell that data multiple times to dif- add a minimum of 15 new employees to ? ll highly skilled ferent interested parties, whether that be in defence, ? sher- roles including software development, engineering, and ies, offshore oil and gas, offshore wind, marine research, etc. This is a cost-effective way to achieve the data each offshore operations.

of those clients requires as they do not need to pay for an

Kraken’s Synthetic Aperture Sonar (SAS) aims to dra- entire survey, just the data. This recurring revenue model matically improve seabed surveys by providing ultra-high- resolution imagery at superior coverage rates. Its AquaPix is expected to make up 20% of Kraken’s revenue in the coming years. It is currently anticipated that RaaS / DaaS

SAS provides signi? cantly higher resolution when com- will be for the commercial industry but there are defense pared with real-aperture sonar and it maintains constant ul- tra-high-de? nition resolution across the entire swath. This related opportunities too.

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