Company
Canberra, ACT
Every investor coverage indicates participated in a round Vai Photonics raised.
The transaction that ended Vai Photonics's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Advanced Navigation | Acquisition | 23 May 2022 | ≤$40m | Our Innovation Fund (Thu 17 Nov 2022), Startup Daily (Mon 23 May 2022), Dynamic Business, Startup Daily (Thu 5 May 2022), Our Innovation Fund (Wed 4 May 2022) |
Companies Vai Photonics 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 |
|---|---|---|
| Dr Lyle Roberts | CEO · Founder | Startup Daily, Our Innovation Fund |
| James Spollard | CTO · Founder | Startup Daily, Our Innovation Fund |
Stories naming Vai Photonics. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
US giant KKR joined navigation-technology maker Advanced Navigation's $108 million Series B, alongside returning local backers; the company also bought ANU spin-out Vai Photonics, and two KKR staff will join its board.
Also OIF Ventures portfolio·@AuManufacturing·SmartCompany·Startup Daily·Techboard·SmartCompany·Forbes Australia
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Also Startup Daily
A weekly roundup reporting Shippit's $65 million Series B2, several startup raises, Chrysos Corp's ASX listing, and Shopify's acquisition of Deliverr.
Also Startup Daily·Techboard
Robotics firm Advanced Navigation, backed by publisher OIF, is buying ANU spin-out Vai Photonics in an all-scrip deal of up to $40m; Vai's navigation tech is in talks with NASA.
Also OIF Ventures portfolio·Startup Daily·Dynamic Business·Startup Daily