Series C · AI & Machine Learning · London, United Kingdom · Founded 2019 · 1900–2100 employees
Kraken Technologies is a British energy technology company that provides an AI-powered operating system for utilities, helping them manage everything from customer relationships to smart grid operations. Originally developed within Octopus Energy, the company was spun off as an independent entity in 2025 with an $8.65 billion valuation. The platform is licensed by 40 utilities across 27 countries, managing over 70 million customer accounts globally, including major partnerships with EDF, E.ON, and Origin Energy. Kraken has expanded beyond energy into water and telecommunications sectors, positioning itself as the modern operating system for utilities worldwide.