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Kraken

AI-powered operating system for energy utilities: customer management, flexibility and grid operations.

🇬🇧 London, United Kingdom · Founded 2016 · 1,000+ people

EstablishedEnergy technologyUtilities softwareEnergy flexibilityAI

Kraken is an energy technology company that provides an operating system for utilities. Its platform covers customer management, asset optimization, field management, and network and distribution management on a single data model with built-in AI. It was founded in 2016 as part of Octopus Energy and now describes itself as a fully independent business. The company says it supports over 90 million customer accounts and has over 2,000 employees, with headquarters in London and New York and regional centers in Paris, Tokyo and Melbourne.

Open to

  • Hiring

The careers page links to open roles on the company's jobs portal.

Products

Product

Kraken platform

An operating system for utilities built on a single data model.

Who it's for: Energy utilities and retailers

  • Customer management, including billing and customer service
  • Asset optimization and generation asset optimization
  • Field management and network and distribution management
Product

Residential Flexibility

Orchestrates fleets of home energy devices to automate demand response and balance the grid.

Who it's for: Utilities and energy retailers

  • Optimizes electric vehicles, chargers, thermostats, heat pumps, batteries and inverters
  • Uses pricing, forecasts and grid constraints to build lowest-cost energy schedules
  • Supports devices from over 60 equipment manufacturers
Product

Utility-Grade AI

AI built into the platform, including autonomous agents for utility customer service.

Who it's for: Energy utilities

Customers

Energy utilities and energy retailers in more than 15 countries, including large electricity and gas suppliers in the UK, Europe, Australia and Japan. Wikipedia also lists water and broadband providers among users of the platform.

Traction

Updated Oct 2026
90 millioncustomer accounts supported
15+countries
2,000+employees
550,000+home energy assets optimized daily
84%client Net Promoter Score
$500M+contracted annual revenue (September 2025)

Funding

$1 billiontotal raised
  • First standalone round after spin-out2025Led by D1 Capital Partners$1 billion at a $8.65 billion valuation
InvestorsD1 Capital PartnersOntario Teachers' Pension Plan (Teachers' Venture Growth)Fidelity InternationalDurable Capital Partners

Team