Octopus Energy Group Ltd. today announced plans to spin off its Kraken subsidiary, which sells software that helps utilities operate more efficiently. The Wall Street Journal cited analysts as saying ...

British clean energy giant Octopus Energy Group Ltd. has announced it’s spinning off its most valuable technology asset as a standalone entity. The company said its Kraken Technologies Ltd. subsidiary ...

Octopus Energy has agreed a deal to sell a minority stake in its Kraken Technologies division in a move valuing the software business at 8.65 billion dollars (£6.4 billion) and paving the way for its ...

Octopus Energy raised $1 billion in its first standalone funding round for Kraken, valuing the business at $8.65 billion. The statement said "a major Kraken customer," which it did not name, and ...

SYDNEY—British renewable-energy startup Octopus Energy will spin off utility management platform Kraken Technologies at a valuation of $8.65 billion. Octopus raised $1 billion in its first stand-alone ...

Kraken, Octopus Energy’s tech arm, has been spun off as a standalone business with $500m annual committed revenue and contracts covering 70m accounts worldwide. The move aims to accelerate global ...

Origin Energy said that British renewable energy startup Octopus Energy is spinning off its technology arm, Kraken, in a deal valuing the platform at $8.65 billion, following a $1 billion funding ...

Octopus Energy Group is formally spinning out its Kraken technology arm after completing the first standalone investment round for the business, valuing Kraken at $8.65 billion. The $1 billion equity ...