Startup · $10.4m raised · Drones
Melbourne, VIC
Programs: Advanced Strategic Capabilities Accelerator (Mission Syracuse) · Advanced Strategic Capabilities Accelerator (Sovereign UAS Challenge)
Every investor coverage indicates participated in a round SYPAQ Systems raised.
| Investor | Rounds | Invested |
|---|---|---|
| Advanced Strategic Capabilities Accelerator | Accelerator · Grant | - |
| Federal Government | Grant | - |
Companies SYPAQ Systems acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Amanda Holt | CEO | @AuManufacturing |
Stories naming SYPAQ Systems. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Drone maker SYPAQ Systems has won regulator approval to self-authorise beyond-visual-line-of-sight flights across Australia; the piece also recalls its Corvo X system entering service under the Australian Army's DEF129 program.
The federal government is paying Electro Optic Systems $5.7 million under a Mission Syracuse contract to mature its R400 Slinger counter-drone weapon system, adding to earlier backing of AIM Defence and SYPAQ.
Canberra has awarded initial contracts worth $21.3 million and $10.4 million to two counter-drone companies under a defence accelerator program, with billions more set aside for drone technology across the coming decade.
Roundup of the week's five most-read manufacturing stories: a defence radio contract for Codan, university facility funding, a WEF white paper, ASCA missile-defence awards, and a port chair's farewell.
AuManufacturing analysis weighing whether Defence's drone purchase shows procurement reform is working, tracing Sypaq's Corvo from 2018 concept work to selection alongside a German rival.
Australia's federal government announced plans to buy two military drone systems — Germany's Quantum-Systems Vector and Melbourne maker SYPAQ's CorvoX — for the Army and Air Force, with deliveries expected in 2025.
More than eleven Australian defence firms have contracted to build drone prototypes under ASCA's Sovereign UAS Challenge, with contracts worth a combined $1.21 million and demonstrations planned for April.
Also @AuManufacturing
Eleven companies will develop prototype drones for Defence's Sovereign UAS Challenge, run by ASCA, under contracts worth a combined $1.21 million, with demonstrations due in April.
Canberra revealed naval defence work, including a submarine design subcontract linking Lockheed Martin and Safran, plus a $3.5 million government grant helping Sypaq Systems build a drone for naval surveillance use.