Kraken Technologies Limited

Kraken Technologies Limited, based in London, UK, is an innovative technology firm founded in 2016 that specializes in providing AI-powered operating systems for utilities, enhancing operational efficiency across various sectors. Kraken Tech develops advanced solutions for utility management, focusing on energy and water sectors. Founded by Andrew Molineux and Matthew Potts, the company operates from its headquarters in London, UK, with Devrim Celal and Michael De Vivo leading its strategic direction. Kraken Tech has successfully secured funding through multiple rounds, with significant investments supporting its growth trajectory.

In December 2025, Kraken Technologies Limited raised USD 1 billion in venture funding led by new investor D1 Capital Partners, with participation from other new investors Ontario Teachers' Pension Plan, Durable Capital Partners, and Fidelity International, General Catalyst Partners, BDT & MSD Partners, and Valiant alongside existing partners CPPIB, Generation Investments, Octopus Investments, Origin Energy Limited, Tokyo Gas, Galvanize and Lightrock. Kraken Technologies offers a comprehensive, AI-powered operating system for utilities, delivering tailored customer management solutions for residential and commercial clients. Key features include billing, meter data management, and customer relationship management, allowing utilities to enhance customer experiences and optimize operations. Notable clients include EDF, Tokyo Gas, and Octopus Energy, utilizing Kraken’s technology across Europe and Asia to improve service delivery in the evolving utility landscape.

Kraken Tech plans to introduce new products aimed at enhancing its operating system's capabilities, although specific release dates have not been disclosed. The company is actively seeking to expand into markets across North America and Asia by the end of 2025. The company will use the December 2025 funding to scale its AI-powered utility operating system worldwide and demerge from Octopus Energy Group.