How we think about Physical AI
Main Sequence sets out its investment thesis for physical AI, describing portfolio companies across robotics, vision, connectivity, compute and simulation, and recalling over $100 million invested since inception.
Startup · $27.1m raised · Healthcare · Robotics
Personalised robot companions for aged care and assisted living
Melbourne, VIC
Every investor coverage indicates participated in a round Andromeda raised.
| Investor | Rounds | Invested |
|---|---|---|
| Purpose Ventures | Series A · Seed | $3,000,000 |
| Startmate | Series A · Accelerator | - |
| Alezeia Brown | Series A | - |
| Ananya Sinha | Series A | - |
| Artesian VC | Series A | - |
| Dom Price | Series A | - |
| Dominic Price | Series A | - |
| Eurie Kim | Series A | - |
| Forerunner | Series A | - |
| Heidi Patel | Series A | - |
| Main Sequence Ventures | Series A | - |
| Rethink Impact | Series A | - |
| trampoline | Series A | - |
| Visible | Series A | - |
| Visible Ventures | Series A | - |
| Galileo Ventures | Pre-seed | - |
Companies Andromeda acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Andromeda. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Main Sequence sets out its investment thesis for physical AI, describing portfolio companies across robotics, vision, connectivity, compute and simulation, and recalling over $100 million invested since inception.
Blackbird has locked in a second billion-dollar fund — its sixth, slightly bigger than the last — bringing in new institutional backers, and the article recalls portfolio wins, writedowns and failures.
Artesian writes that Galileo Ventures' second fund has closed $15 million of a $30 million target, counting Artesian and Innovation Victoria among its backers, and has made a first investment in Fluent BCI.
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Blackbird introduces the twelve engineers, mathematicians and researchers chosen for the first Foundry Fellowship, a program connecting technical people with founders and investors across Australia and New Zealand.
Weekly roundup: five raises totalling $87.48m, Fresho buying UK software firm Nation Wilcox, Vinyl Group adding Pedestrian Group and Time Out Australia, and robot maker Andromeda scaling production in a larger facility.
Main Sequence's post explains why the firm invested in Andromeda Robotics, pointing to aged-care workforce shortages, resident loneliness, and early customer enthusiasm for the Abi companion robot.
Galileo Ventures' annual letter looks back on 2025: a partner hire, raises at Relevance AI, Andromeda and Tixel, a 25th investment in Isaacus, and Breakthrough Victoria as cornerstone backer of Fund II.
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Artesian's write-up of its first Yield summit in Melbourne, where agrifood leaders discussed AI, biologicals, robotics, agri-energy and biosecurity, and how RDCs, investors and corporates can together speed Australian agricultural innovation.
Startmate chief Michael Batko departs following an eight-year stint; COO Phoebe Pincus steps up. The piece credits his tenure for the accelerator's growth, returns and alumni, and notes his exits from two side ventures.
Long-serving Startmate chief Michael Batko departs the accelerator's top job, with operations lead Phoebe Pincus promoted to CEO; the piece also recalls two side ventures Batko previously exited.
Victoria's Breakthrough Victoria has committed $75m to five specialist VC funds covering climate tech, life sciences, female founders and healthcare, each pledging a quarter of its capital to local startups.
Breakthrough Victoria is putting $75 million into five venture capital funds, including Virescent, SYNthesis BioVentures, Scale and Galileo, each of which has pledged a quarter of its capital to Victorian startups.
Weekly roundup covering 19 Australian and New Zealand raises, headlined by Andromeda Robotics' $23m Series A, plus Freckle, Marloo, X-Hemp, Harvest B, Wable, Starboard and Techstars Sydney's 12-startup cohort.
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Galileo Ventures argues Australia risks missing the AI revolution, proposes a five-pillar national investment strategy, and announces Fund II to back AI founders, citing its Fund I portfolio and Airtrunk's sale as evidence.
Year-in-review column on Australian AI in 2024: five startup raises, Canva buying Leonardo.ai, new government AI regulation and a parliamentary inquiry, the Cosmos AI trial backlash, and a national AI capability plan.
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Forbes Australia previews its Business Summit by profiling seven speakers, including the founders of RØDE, Lorna Jane, Updoc, Andromeda Robotics and Access Corporate Group, plus Oroton's CEO and an Olympic swimmer.
SmartCompany's rolling coverage of SXSW Sydney day two, recording Polymath's pre-seed raise and Build Club's recent funding, the Equity Clear launch, Startmate's Demo Day, and women-founded startup pitches at Google's event.
Roundup of nine local startups that together banked a combined $38m-plus this week, spanning precision instruments, proptech, adtech, robotics, food, energy storage and AI, with several earlier raises recalled.
Also Australian FinTech·Startup Daily·SmartCompany·AgFunderNews
Profile of Dragonfly Thinking after its win in Australia's first AI Sprint, covering its $300,000 support prize, accelerator experience and product plans, plus brief AI news including raises by TrueState and Andromeda Robotics.
Andromeda Robotics secured $3 million in seed funding from Purpose Ventures, which led the deal, to grow its aged-care companion robot Abi; Galileo Ventures provided an earlier pre-seed in 2023.
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Profile of Melbourne robotics maker Andromeda Robotics, whose Abi companion robot for healthcare settings is nearing break-even on modest backing, challenging claims that hardware startups are too costly to build locally.
Seven Australian startups together banked over $90 million in the past seven days across venue software, hydrogen aviation, social media, craft brewing, plastics alternatives, aged-care robotics and accountant training.
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Techboard's anniversary roundup catalogues a month of Australian startup funding: megadeals, three acquisitions, large debt deals, grants, accelerator intakes, and fund news including Archangel Ventures' committed capital.
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Cut Through Venture's August update rounds up July 2022 Australian startup funding, listing raises from Mx51 to WeMoney, Startmate's newest cohort of twelve, and the beta launch of its investor search tool.
Also Techboard
Startmate's Winter '22 intake of 12 Australian and New Zealand startups is its first cohort with a majority of women founders, each receiving a set investment; the piece also notes a principal leaving for AWS.