Octopus Energy is spinning out its AI arm, Kraken Technologies, at an 8.65 billion dollar valuation...
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The spin-out of Kraken Technologies at an $8.65B valuation following a $1B round exemplifies a high-margin 'Utility-as-a-Service' vertical AI model and meets the threshold for cross.§D capital significance.
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Finance & Ops · Player MapCapital Cycles
Octopus Energy is spinning out its AI arm, Kraken Technologies, at an 8.65 billion dollar valuation following a 1 billion dollar funding round. This move marks the decoupling of energy software from traditional utility supply, positioning Kraken as the operating system for a decentralized grid. By leveraging AI to automate millions of assets, the platform is accelerating the transition to a high-margin Utility-as-a-Service model. This sets a global benchmark for monetizing internal AI infrastructure. 🐙⚡️
