Princess Alexandra Hospital

2025 state of raising: $1.8 billion in – as late-stage deals boom

Tracxn figures show Australian tech funding reached $1.8 billion by mid-2025, powered by large late-stage rounds at Protecht, Airwallex, Harrison AI and Advancell, while seed and early-stage raising fell away sharply.

Arthroscopic robot developer Convergence Medical seals $5m Series A, boosting its valuation to $30m

Brisbane medtech Convergence Medical has closed a $5 million Series A with US backer Avicella Capital, valuing the surgical robot developer at $30 million as it prepares to commercialise and enter the US market.

Convergence Medical gains FDA 'breakthrough' listing

Brisbane surgical-robotics startup Convergence Medical wins a US regulator's fast-track designation for its arthroscopic robot; the piece recalls two recent raises totalling $3 million and a new chief medical officer hire.

Manufacturing news briefs — stories you might have missed

Australian manufacturing roundup: Zip Water appoints a marketing director, EMVision triggers a milestone payment, Kleos Space faces bankruptcy, AnteoTech secures placement commitments, and LaunchVic funds two women-founder pre-accelerators.

EMVision named as second stroke imaging developer

EMVision is named the second Australian SME granted $8 million by the Australian Stroke Alliance from its $40 million Medical Research Future Fund grant, to develop microwave stroke imaging; Micro-X earlier received $8 million.

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Manufacturing news briefs – stories you might have missed

Roundup of manufacturing news: DroneShield raised $17 million and Imagion Biosystems completed a $4.7 million placement, alongside updates on Oventus sales, Emvision's stroke trial and Namoi Cotton's drought-hit ginning.

Brain scanner manufacturer EMvision lists on ASX

Stroke-scanner maker EMvision has floated on the ASX through an oversubscribed $6 million IPO, and recently won a $2.6 million government CRC-P grant, with partners adding $910,000, to advance its portable brain scanner.

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