Kraken Technologies Ltd. Hits $8.65B Valuation in Landmark Share Sale
We’ve seen a major shift in utility tech this week. Kraken Technologies Ltd., a software company, reached a $8.65 billion valuation after its first major share sale as a standalone business. The deal highlights strong investor interest in technology that helps utilities manage cleaner energy, smarter grids, and digital change. With fresh capital and a new ownership structure, Kraken is well placed for its next phase of growth.
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