CEO, MagnaTerra Technologies
Stories naming John Shanahan. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
RFC Ambrian updates on portfolio company MRead, which it co-founded with CSIRO technology, reporting successful handheld explosives detector trials in Brisbane and upcoming field trials in Angola.
RFC Ambrian recounts forming MRead with CSIRO to adapt magnetic resonance sensing for explosive and drug detection, including a seed round completed in late 2022-early 2023 with strategic investment from Codan's Minelab division.
MRead, a landmine-detection venture launched by CSIRO and RFC Ambrian with Codan also investing, has raised a seed round of undisclosed size to advance its handheld explosive detectors.
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