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.
Investor · 1 deal
Every published round Data61 took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| T-Provenance | Unnamed stage | 2018 | $500k | Participant | Startup Daily (Mon 8 Oct 2018), Startup Daily (Mon 8 Oct 2018) |
Companies Data61 has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| T-Provenance | 2018 | 1 | 0 |
Fund closes reported for Data61, as distinct from the investments it has made.
Companies Data61 has backed that another company then bought. An exit for the holding, not a deal Data61 did.
| Name | Role | Sources |
|---|---|---|
| Adrian Turner | CEO (former) | SmartCompany, Startup Daily |
| Charles Gretton | Data Scientist (former) | Blackbird Ventures portfolio |
| Matthew Robards | Data Scientist (former) | Blackbird Ventures portfolio |
| Menkes van den Briel | Data Scientist (former) | Blackbird Ventures portfolio |
Stories naming Data61. 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.
Weekly roundup of four Australian raises: HammerTech $105m led by Riverwood Capital, JigSpace $13m led by Breakthrough Victoria, ExoFlare's $5.3m seed, and Go Locum's $350,000 seed led by Paspalis.
ExoFlare, cofounded by ex-Data61 chief Adrian Turner, has banked $5.3 million in seed funding led by Salus Ventures to help food producers manage biosecurity risks.
Also SmartCompany
A roundup of Australian startups that raised funds in recent weeks: mx51, Refundid, Storipress, HIVERY, InternMatch, upcover, Pearler and Loopit together secured over $100 million despite a cooling venture market.
Also Cut Through Venture
Analysis of quantum computing's threat to cryptocurrency encryption, covering a quantum-safe token launch by Kaz and Quantum Assets, post-quantum blockchain research efforts, and QLabs' recently secured $25m investment funding.
Profile of ProofTec, a computer-vision platform that documents asset condition to attribute damage in rental, sharing and transport transactions, noting a planned investor raise and past CSIRO program acceptance and industry trials.
Blackbird announces it led an $8 million Series A in HIVERY, a Sydney AI startup optimising retail product placement for Walmart and Coca-Cola, co-founded by former Data61 data scientists.
Winners of the second annual Australian Angel Awards are announced, honouring Brisbane Angels as the busiest group, Scale Investors for the Trademark Vision exit, and Jordan Green as angel of the year.
Also Startup Daily
Coviu wins a $1.18 million CRC-P grant alongside CSIRO's Data 61, HFRC and UWA to develop its video-based physiotherapy analysis tool; the startup previously raised $1 million from Main Sequence Ventures.
Also Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily
An Adelaide startup measuring meat eating quality has secured half a million dollars from industry backers for a commercial trial, while a fellow Availer spin-out earlier drew similar funding for a mango supply-chain pilot.
Also Startup Daily