Startup · $5.9m raised
Sydney, NSW
Every investor coverage indicates participated in a round Millibeam raised.
| Investor | Rounds | Invested |
|---|---|---|
| Main Sequence Ventures | Unnamed stage · Seed | $750,000 |
| Federal industry department | Grant | $2,100,000 |
| Industry Growth Program | Grant | $2,600,000 |
| Breakthrough Victoria | Series A · Unnamed stage | $6,000,000 |
| Archangel Ventures | Unnamed stage · Seed | - |
Companies Millibeam acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Millibeam. 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: Firmus completes its $2.85b round; Procore acquires DroneDeploy; Atlassian rebounds while Canva cuts guidance; plus fresh raises for Zabidou, BioScout, Vexev, Enrola, Spacetalk and others.
MILLIBEAM, an Australian deep-tech firm, has revealed Rakurai, a portable counter-drone device built on bespoke chip-level radiofrequency design; the piece notes prior Commonwealth grants behind its semiconductor technology.
Breakthrough Victoria highlights recent achievements of portfolio companies including funding, awards, and expansions for firms like Liquid Instruments, Quantum Brilliance, and Samsara Eco.
The Victorian government's VC fund Breakthrough Victoria slipped to a loss, its annual report showing startup investments, cost cutting and boardroom departures amid criticism of its spending and performance.
Breakthrough Victoria invests $3 million in Millibeam, a Sydney maker of 5G chipsets expanding in Melbourne, alongside existing backers Main Sequence and Archangel; the piece recalls a 2022 seed round and a federal grant.
Also Defence Connect
Breakthrough Victoria announces a $3 million venture investment in Millibeam, a Melbourne fabless semiconductor startup developing mmWave 5G radio chipsets, with plans to grow its Victorian engineering team and packaging facility.
Also Breakthrough Victoria·@AuManufacturing·@AuManufacturing
Chip startup milliBeam announces a $750,000 seed round from CSIRO's venture arm Main Sequence, funding its mmWave 5G beamforming technology and a planned Sydney research centre.