Company · Drones
Every investor coverage indicates participated in a round Insitu raised.
Companies Insitu acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Insitu. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Arkeus' post points readers to Tectonic Defense's write-up of its A$25 million Series A, describing the hyperspectral sensing technology, its defence customers and platform partners, and coming production expansion in Queensland and America.
Arkeus has closed a A$25 million Series A with QIC Ventures leading, as early backer Beaten Zone Venture Partners returns alongside other existing backers; proceeds fund Queensland manufacturing and a doubled team.
Also Startup Daily·Defence Connect·SmartCompany·SmartCompany·Forbes Australia·@AuManufacturing
Folklore Ventures announces it has joined Arkeus' A$25 million Series A with QIC Ventures, R+ VC and returning backers, describing the Melbourne defence-sensing startup's technology and growth plans.
Also Beaten Zone Venture Partners portfolio·Beaten Zone Venture Partners portfolio·arkeus.com·Forbes Australia·Cut Through Venture·SmartCompany·Dealroom
Roundup of Australian manufacturing news: Orbital UAV's $5m placement with UIL backing, Nufarm's record earnings, a Hazer–Mitsui graphite agreement, Baraja's patent milestone, the new skills agency, and a university research grant.
Perth drone engine maker Orbital UAV announced a $6.5 million shareholder entitlement offer to fund new engine development and expand its Australian production facility, with major shareholders committing $2.8 million.
Orbital UAV is expanding its Perth engine production site after winning a $195,000 defence global competitiveness grant, with CEO Todd Adler saying the funds will buy inspection and verification equipment and lift output.