Ledger.

Startup · $100m raised

Myriota

Adelaide, SA

Coverage

Stories naming Myriota. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Funding announcement

Meet the Australian VC firm with two homegrown unicorns

Profile of deep tech investor Main Sequence covering Elaine Stead's promotion to Partner, portfolio unicorns Gilmour Space and Advanced Navigation, CSIRO's expanded Atmosphere backing, and a fourth fund now being raised.

3 deals

Morse Micro raises $88 million for long-range Wi-Fi chips

Sydney chipmaker Morse Micro has banked an $88 million Series C led by Japan's MegaChips, with the national reconstruction fund and several existing backers also participating; funds will drive growth and future chip development.

Also Startup Daily·builtinsydney.au·semiiphub.com·Forbes Australia·morsemicro.com·Forbes Australia·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Forbes Australia·smallbizai.au

2 deals

Manufacturing news briefs — stories you might have missed

Manufacturing roundup: OncoSil Medical locks in commitments for an $8.7 million raise, Soilco completes its purchase of Martins Fertilizers, Avecho collects an R&D rebate, alongside items on apprenticeships, Myriota, Recce and Swinburne research.

Also thecfigroup.com·divestmergeacquire.com·redchip.com.au·wastemanagementreview.com.au

6 deals

Two Aussie startups that raised $26 million this week

Roundup of two Australian raises: a quantum security company's government-led $20m round and a retail analytics startup's US seed round backing its American push.

Also Startup Daily·SmartCompany

6 deals

The $15bn National Reconstruction Fund takes $32 million stake in AI medical diagnostics startup Harrison.ai

Harrison.ai has received $32 million from the National Reconstruction Fund Corporation toward its Series C, with the federal investor's December backing of Vault Cloud, Myriota and Quantum Brilliance also noted.

Also Women's Agenda

10 deals

Seven Aussie startups that raised $155.5 million this week

Weekly roundup covering seven Australian companies' fresh capital: EV charging, satellite IoT, sovereign cloud, wearables, workplace messaging, plus two crowdfunding raises on Birchal.

Also Startup Daily·Startup Daily·@AuManufacturing·@AuManufacturing

4 deals

Vault Cloud raises $22.5 million with NRFC support to strengthen national security tech

Australia's National Reconstruction Fund Corporation has put $22.5 million into Vault Cloud's Series B, its first defence-priority investment, after recent year-end cheques to Myriota, Quantum Brilliance and Russell Mineral Equipment.

Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily

4 deals

National Reconstruction Fund helps rocket Myriota capital raise to $50 million

Myriota, an Adelaide nanosatellite company, has raised $50 million with $25 million from the National Reconstruction Fund Corporation; the piece also recaps the fund's recent backing of Quantum Brilliance and Russell Mineral Equipment.

Also Startup Daily·Business News Australia·@AuManufacturing·SmartCompany·SmartCompany·Startup Daily·myriota.com·lotfourteen.com.au·atomicmobile.com·Startup Daily·Space Connect·@AuManufacturing

2 deals

Employee retention startup SeenCulture raises $1 million pre-Seed round

SeenCulture, a workplace platform, has secured $1 million in a pre-seed round from Alice Anderson Fund, M8 Ventures, InterValley Ventures and Torus, having earlier joined Techstars' first Sydney cohort with Cut Through Angels backing.

Also SmartCompany·SmartCompany

3 deals

Canberra-based satellite maker Skykraft raises $120 million

Canberra satellite firm Skykraft has raised $120 million to manage air traffic from space, with backing from Foresight Australia, OPTrust and Main Sequence; the round trails only Saluda Medical's this year.

Also Startup Daily·@AuManufacturing·proactiveinvestors.com·Startup Daily·SmartCompany·SmartCompany

Grant $52m

Gilmour Space lands $52 million grant to ramp up Queensland’s rocket launching ambitions

The Gold Coast rocket maker has won federal co-funding for a 32-member space manufacturing network, backing a Queensland manufacturing hub and a new orbital launch pad at Bowen.

Also Techboard·Startup Daily·Startup Daily·@AuManufacturing

3 deals

Adelaide nano-satellite startup Myriota lands $5.5 million government defence contract

Satellite IoT firm Myriota won a $5.48 million Australian government Defence contract via the Defence Innovation Hub, weeks after a Spire Global partnership and an insurance-sector investment from IAG's venture arm.

Also @AuManufacturing·The Mandarin·@AuManufacturing

Funding announcement

Selling space: How Myriota brings its high-tech back to Earth

Profile of satellite IoT company Myriota, a University of South Australia spin-out, recalling its seed backing from exactEarth and support from investors such as In-Q-Tel, Host Plus and Main Sequence Ventures.

2 deals

As Gilmour Space secures $61 million, here are seven Aussie startups heading into orbit

SmartCompany surveys Australia's space tech sector as Gilmour Space lands a $61 million Series C, profiling players such as Fleet, Myriota and Space Machines and recalling Moonshot's incubator backing of eleven startups.

Also @AuManufacturing·Startup Daily·Startup Daily·@AuManufacturing·@AuManufacturing

7 deals

Ignition Lane's Weekly Wrap: VC investment peaks, cowtech as bro, Big Tech earnings soar

Weekly roundup covering Main Sequence's second-fund close, operating partner hires at Blackbird and AirTree, raises by Sea Forest, Adventus.io, Halter and others, acquisitions by Equiem, Stripe and Toyota, plus Big Tech earnings.

Fund close $250m

Fund 2 Announcement

Australia's Main Sequence has pulled in A$250 million for its second deep tech fund, with existing backers returning and a sharpened emphasis on decarbonisation investments.

Also TechCrunch Venture·TechCrunch Venture·SmartCompany·@AuManufacturing·Startup Daily·SmartCompany·TechCrunch Venture

3 deals

Manufacturing news briefs – stories you might have missed

SEA Electric orders batteries after a $54m raise; Baraja raises $40m for LIDAR, led by Blackbird; Stealth demos weed detection; Wattle Health lifts profit and sells its dairy arm; Hydac wins VR training grant.

Also Cut Through Venture·@AuManufacturing·@AuManufacturing

3 deals

New funding boost for space traffic radar project

Silentium Defence wins a $3.2m Defence contract for its passive space radar, plus a $1.46m Space Agency award for an observatory; Prism Systems receives a $925,000 grant for Navy-related work.

7 deals

A cosmic comeback: Could Aussie investment in spacetech boost economic recovery on Earth?

Australian government grants totalling $11 million go to space sector startups and universities, including a near-$4 million CubeSat mission, as part of a wider plan to triple the sector's value by 2030.

2 deals

A spacetech startup is helping build Australia’s satellite-based electronic warfare powers

Adelaide defence firm DEWC Systems won a $3.1 million government contract to develop a CubeSat electronic warfare sensor constellation, having earlier bought engineering firm AES to build its own hardware.

Also @AuManufacturing·indailysa.com.au

10 deals

News vs numbers: What does COVID-19 really mean for startup funding in Australia?

Analysis arguing that despite eye-catching raise headlines during COVID-19, deal counts fell sharply in early 2020, with experts citing portfolio protection, pipeline deals rushing to close, and media amplification.

Also SmartCompany·Startup Daily·SmartCompany

2 deals

Myriota closes Series B, brings total funding raised over $50 million

Adelaide nanosatellite company Myriota announced a $28 million Series B led by Hostplus and Main Sequence Ventures, recalled its 2018 Series A, and had recently acquired Canadian satellite firm exactEarth.

Also TechCrunch Venture·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Business News Australia

Grant $600k

Getting junk out of space

An Adelaide machine learning research group led by Tat-Jun Chin has won a $600,000 SmartSat CRC grant to continue work on detecting, tracking and removing space debris, collaborating with universities and local space firms.

Funding announcement

ARTESIAN appointed for South Australian Venture Capital Fund

South Australia's government has named Artesian Venture Partners to manage its $50 million venture capital fund, which has previously invested in three companies; Artesian will open a small office at Lot Fourteen.

Grant $150k

Launch Site Flagged for Australian Electronic Warfare Satellites

Adelaide electronic warfare firm DEWC Systems plans to launch its MOESS CubeSat constellation from Southern Launch's Whalers Way site, recalls a grant, and has acquired local engineering firm AES.

Also Startup Daily·@AuManufacturing·indailysa.com.au

2 deals

Australian wind turbine listening device prepares for commercial launch

Adelaide startup Ping receives a government commercialisation grant to launch its acoustic wind-turbine blade monitor, while satellite communications firm Myriota's earlier Series A backing and South Australia's space sector are recapped.

Also @AuManufacturing·SmartCompany·@AuManufacturing·SmartCompany·SmartCompany·@AuManufacturing·RenewEconomy·RenewEconomy·@AuManufacturing

Series A $19.4m

Former NASA astronaut joins nanosatellite startup Myriota’s board as space industry continues to commercialise

Adelaide satellite firm Myriota appoints ex-NASA astronaut Pamela Melroy as a non-executive director, adding space industry expertise as it works toward a 50-nanosatellite constellation.

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