Kraken signs $8M contract for offshore digitalization solutions
Nov. 4, 2022
Kraken will continue development of artificial intelligence, machine learning software and subsea autonomy solutions to analyze sensor data and learn how to respond to highly dynamic offshore environments.
ST. JOHN’S, NEWFOUNDLAND — Kraken Robotics Inc., a Canadian ocean company, has signed an R&D contract with a global energy company that will provide $8 million of cash funding to Kraken’s Brazilian subsidiary over a three-year period.
Under this project, Kraken will continue development of artificial intelligence, machine learning software and subsea autonomy solutions to intelligently analyze sensor data and learn how to respond to highly dynamic environments in the offshore oil and gas, wind, hydrographic, science and defense industries.
Due to customer confidentiality, further details cannot be released at this time.
