Main Sequence Ventures

Main Sequence Ventures, established in 2017 and based in Eveleigh, Australia, is a venture capital firm that invests in early-stage companies developing deep tech or frontier technologies to address global challenges. The firm backs ambitious founders creating the next set of global industries, with investments supported by the Australian National Science Agency, CSIRO, the Australian Federal Government, and private investors. Main Sequence leverages world-class research from Australian public research organizations, including CSIRO and universities, to identify and nurture promising startups.

Bill Bartee

General Partner

Alezeia Brown

Investor

Martin Duursma

Partner

Phil Morle

Partner

Danielle Haj Moussa

Analyst

Gabrielle Munzer

Partner

Mike Nicholls

Partner

Jun Qu

Investor

Alejandra Romero

Analyst

Elaine Stead Ph.D

Principal

Mike Zimmerman

Partner

100 past transactions

QuintessenceLabs

Venture Round in 2025
QuintessenceLabs specializes in developing advanced data security technologies that protect digital information whether in transit, at rest, or in use. The company utilizes quantum science principles to enhance its cybersecurity applications, enabling robust security strategies and centralized management of data-security policies. This approach not only maximizes security but also improves the return on investment from existing assets while simplifying data-security management. QuintessenceLabs serves a diverse clientele, including financial institutions like Westpac Group, technology providers such as NetDocuments and PKWare, as well as federal entities like the US State Department and defense contractors including Boeing and Northrop Grumman.

Arkeus

Venture Round in 2025
Arkeus is a technology company that specializes in the rapid development of autonomous optical systems for various surveillance and reconnaissance applications. They design, innovate, and fabricate these systems, which are optimized for use on surface sensors, aircraft, or drones, to support missions such as intelligence gathering, border protection, and search and rescue. Their solutions enable the defense industry to make informed decisions in challenging environments.

Breaker

Pre Seed Round in 2025
Breaker develops cutting-edge software that transforms the interaction between humans and machines. Our platform leverages advanced decision-making, natural language communication, and enhanced perception to enable sophisticated autonomous capabilities in machines previously only achievable with human oversight. Designed for diverse industries, Breakers’ software facilitates a new level of efficiency and versatility in uncrewed systems, promising to revolutionize the way autonomous assets operate and collaborate with humans. Our mission is to make intelligent, autonomous collaboration a reality, bridging the gap between human intuition and machine precision.

ElectraLith

Series A in 2025
ElectraLith develops direct lithium extraction and refining technology to enable efficient and sustainable lithium production. Its technology uses electricity to extract and refine lithium, with the aim of lowering costs for both brine and hard rock producers and enabling production from a broad range of feedstocks worldwide.

Quantum Brilliance

Series A in 2025
Quantum Brilliance develops room-temperature quantum devices based on synthetic diamond, enabling compact, energy-efficient quantum systems suitable for everyday devices and high-performance computing. It designs, fabricates, and manufactures rugged diamond quantum components that operate at room temperature, enabling the mass production of quantum computers and sensors. These devices are intended for edge computing, ubiquitous computing, and integrated applications across consumer electronics and industrial computing environments.

Myriota

Venture Round in 2024
Myriota Pty. Ltd. is an Australian company based in Adelaide that specializes in developing low-power micro transmitters for satellite connectivity, primarily targeting the Internet of Things (IoT) market. Founded in 2015, Myriota's technology enables secure data transmission by using its low-power modules, which can be seamlessly integrated into various IoT devices. These devices send small packets of data to low Earth orbit satellites and ground stations, facilitating remote communication and monitoring. The firm's solutions cater to a diverse range of applications, including data-driven agriculture, resource asset management in sectors like oil and gas, mining, environmental monitoring, and defense. Myriota's innovations aim to enhance operational efficiency, reduce costs, and support data-driven decision-making across multiple industries.

Terria

Seed Round in 2024
Terria is a geospatial technology company that specializes in creating digital twins, which are virtual replicas of physical spaces. It simplifies the process of accessing and visualizing complex spatial data, supporting informed decision-making across various sectors. As of December 2024, Terria's mapping platforms have been used by millions of users, with over 15,000 datasets available. The company offers detailed, dynamic digital replicas of real-world environments, such as buildings and infrastructure, to facilitate planning, analysis, and management.

Q-CTRL

Series B in 2024
Q-CTRL develops software tools and firmware for quantum computing to reduce and control quantum bit errors in quantum hardware. Its quantum control infrastructure software supports research and development professionals and end users, accelerating the pathway to the first useful quantum computers and underpinning software-defined quantum sensors for defence, intelligence, navigation, and earth observation. The company collaborates with universities, national labs, and industry partners to advance hardware error management and stability in quantum systems.

Number8Bio

Seed Round in 2024
Number8Bio harnesses synthetic biology to produce microbial proteins that reduce methane emissions from ruminants. This process improves feed utilization and animal productivity, enabling livestock farmers to contribute to sustainability goals while maintaining economic viability.

Samsara Eco

Series A in 2024
Samsara Eco is an innovative enviro-tech company that employs enzymatic technology to recycle plastic waste indefinitely. Its proprietary process breaks down plastics into reusable components, enabling manufacturers to produce new plastic items and fostering a circular loop for plastics, thereby reducing waste and dependence on fossil fuels.

Diraq

Series A in 2024
Diraq is a quantum computing company focused on scalable silicon-based quantum chips and end-to-end quantum computing solutions. It aims to provide hardware and software as a full-stack, cloud-accessible service, enabling practical commercial applications with billions of qubits on a single chip. The company utilizes CMOS-based architectures designed for billions of qubits with full error correction, advanced qubit control, and quantum memory, alongside innovative CMOS device designs to deliver cost-effective, energy-efficient, and compact chipsets for businesses.

MGA Thermal

Series A in 2024
MGA Thermal specializes in developing novel materials and technologies for thermal energy storage. Their solutions aim to enhance electrical grid stability, residential/commercial heating, industrial processes, waste heat recovery, and electric vehicle charging. The company's primary focus is enabling intermittent renewable energy sources like solar and wind to provide reliable base load electricity.

Cauldron Ferm

Series A in 2024
Cauldron Ferm is a bio-acceleration process that exponentially scales up any precision fermented prototype to commercial quantities faster and with a lower cost of goods than any traditional production method.

RIOS

Series B in 2024
RIOS, founded in 2018, is a technology company helping global customers automate their factories, warehouses, and supply chain operations by deploying a new class of dexterous AI-powered robots. RIOS robots handle hard-to-automate tasks, typically requiring human-level dexterity, in unstructured environments. RIOS is headquartered in Palo Alto, CA and has a pilot facility in San Carlos, CA. More information is available at www.rios.ai.

Gilmour Space Technologies

Series D in 2024
Gilmour Space Technologies is an Australia- and Singapore-based rocket company focused on developing and launching low-cost hybrid propulsion launch vehicles for small satellites. Founded in 2012, the company provides space-launch services for satellite deployment and orbital transportation, offering dedicated and rideshare launches, modular satellite bus configurations, and real-time flight monitoring to support a range of payloads. It serves commercial and defense customers, aiming to reduce launch costs and enable diverse missions across low Earth orbit and beyond.

Amber Electric

Series C in 2024
Amber Electric Pty Ltd is an Australian company based in Melbourne, founded in 2017. It specializes in delivering electricity at wholesale prices, allowing customers to benefit from real-time pricing that reflects the availability of renewable energy. By encouraging users to consume electricity when it is cheapest, Amber enables significant savings while promoting the integration of renewable resources into the energy grid. The company also offers an online platform for bill payments and additional services, positioning itself as a facilitator for customers to actively engage with the changing dynamics of the electricity market.

Rainstick

Seed Round in 2024
Rainstick combining First Nations wisdom with modern bioelectric technology to make crops grow bigger, faster and more sustainably

Arkeus

Seed Round in 2023
Arkeus is a technology company that specializes in the rapid development of autonomous optical systems for various surveillance and reconnaissance applications. They design, innovate, and fabricate these systems, which are optimized for use on surface sensors, aircraft, or drones, to support missions such as intelligence gathering, border protection, and search and rescue. Their solutions enable the defense industry to make informed decisions in challenging environments.

Rainstick

Seed Round in 2023
Rainstick combining First Nations wisdom with modern bioelectric technology to make crops grow bigger, faster and more sustainably

Avarni

Venture Round in 2023
Avarni develops an AI-driven software platform that helps businesses measure, track, and reduce their carbon emissions across the entire supply chain. It aims to lower supply chain risks by establishing new industry benchmarks for emission accountability.

Skykraft

Venture Round in 2023
Skykraft is an Australian space services company focused on the design, production, and operation of small satellite constellations. It specializes in manufacturing small spacecraft and launcher systems aimed at facilitating space-based air traffic management. The firm offers comprehensive services that encompass the conceptualization, design, and operational execution of satellite constellations. With a commitment to rapid build and test cycles, Skykraft aims to mitigate technical and operational risks for its clients, thereby reducing costs and accelerating the timeline to operational service.

Eden Brew

Series A in 2023
Eden Brew is a food and beverage company focused on producing animal-free and precision-fermented milk and dairy products. The company aims to provide an environmentally sustainable alternative to traditional cow's milk, offering dairy products that are vegan-friendly and lactose-free. Using precision fermentation technology, Eden Brew creates milk that contains nature-identical proteins and nutrients, allowing consumers to enjoy the taste and nutritional benefits of dairy without the environmental impact associated with conventional dairy farming.

Rainstick

Pre Seed Round in 2023
Rainstick combining First Nations wisdom with modern bioelectric technology to make crops grow bigger, faster and more sustainably

Plotlogic

Series B in 2023
Plotlogic Pty Ltd is an Australian technology company specializing in ore characterization systems for the mining sector. Based in Brisbane and established in 2005, it employs advanced hyperspectral imaging and AI-driven platforms to enable mine operators to accurately identify the location and material properties of every rock in the mine. Its key products include OreSense LV, which assesses deviations from geological models; OreBlocks, an API for optimizing the planning process; and OreCheck, which delivers real-time alerts to fluctuations in ore quality. The company aims to enhance yield in critical mineral extraction while promoting sustainable mining practices by improving ore recovery, minimizing dilution, and reducing carbon emissions. Plotlogic also offers tailored on-site and off-site support services to ensure effective use of its technologies across various commodities, including coal, iron ore, and gold.

JDoodle

Venture Round in 2023
JDoodle is an AI-powered online platform offering a cloud-based Integrated Development Environment (IDE) supporting multiple programming languages. It fosters inclusivity in software development by providing free tools for teaching, practicing, and collaborative coding.

Number8Bio

Pre Seed Round in 2023
Number8Bio harnesses synthetic biology to produce microbial proteins that reduce methane emissions from ruminants. This process improves feed utilization and animal productivity, enabling livestock farmers to contribute to sustainability goals while maintaining economic viability.

Endua

Seed Round in 2023
Endua is focused on creating advanced renewable energy storage solutions that utilize hydrogen-based technology. The company develops standalone power banks that store clean energy generated from renewable sources. These power banks convert energy into hydrogen for storage and later transform it back into electricity using fuel cells. This innovative approach allows Endua to provide sustainable, reliable, and affordable electricity for communities, remote industries, and off-grid infrastructure, ensuring a continuous power supply available 24/7.

Fivecast

Series A in 2023
Fivecast is a provider of digital intelligence solutions that aims to create a safer world by assisting public and private organizations in analyzing vast amounts of data. The company focuses on critical areas such as national security, law enforcement, defense, corporate security, and financial intelligence, using advanced data collection and AI-driven analytics to address complex intelligence challenges. Based in Australia, with a presence in the United States, United Kingdom, and Europe, Fivecast was established through collaboration between government agencies and research institutions to tackle big data challenges. Its AI-enabled threat analytics platform simplifies the detection of threats across various forms of media, including images, text, and video, while offering capabilities for threat visualization, image analysis, and network analysis. This technology enables organizations to consolidate insights and automate risk detection effectively.

Cauldron Ferm

Seed Round in 2023
Cauldron Ferm is a bio-acceleration process that exponentially scales up any precision fermented prototype to commercial quantities faster and with a lower cost of goods than any traditional production method.

Quasar Satellite Technologies

Seed Round in 2023
Quasar Satellite Technologies delivers space data services, offering interoperability, sovereign services, and scalable communication solutions tailored for LEO, MEO, and GEO satellite markets.

Quantum Brilliance

Seed Round in 2023
Quantum Brilliance develops room-temperature quantum devices based on synthetic diamond, enabling compact, energy-efficient quantum systems suitable for everyday devices and high-performance computing. It designs, fabricates, and manufactures rugged diamond quantum components that operate at room temperature, enabling the mass production of quantum computers and sensors. These devices are intended for edge computing, ubiquitous computing, and integrated applications across consumer electronics and industrial computing environments.

Loam Bio

Series B in 2023
Loam Bio is a company focused on manufacturing microbial products designed to reduce atmospheric CO2 levels and enhance soil fertility. Founded in 2016 and based in Orange, Australia, the company is engaged in developing innovative technology that enables the inoculation of crops with symbiotic micro-organisms. This approach aims to improve agricultural sustainability by promoting healthier soils and more efficient carbon management.

Q-CTRL

Series B in 2023
Q-CTRL develops software tools and firmware for quantum computing to reduce and control quantum bit errors in quantum hardware. Its quantum control infrastructure software supports research and development professionals and end users, accelerating the pathway to the first useful quantum computers and underpinning software-defined quantum sensors for defence, intelligence, navigation, and earth observation. The company collaborates with universities, national labs, and industry partners to advance hardware error management and stability in quantum systems.

Advanced Navigation

Series B in 2022
Advanced Navigation, established in 2012 and based in Sydney, Australia, specializes in developing and manufacturing high-quality navigational technologies and robotics. The company's portfolio includes acoustic underwater navigation systems, GNSS/INS devices, MEMS AHRS, logging and post-processing units, satellite compasses, speed sensors, subsea antennas, and INS. With a background in mission-critical robotics and expertise spanning sensors, GNSS, inertial navigation, RF technologies, acoustics, robotics, AI, and algorithms, Advanced Navigation's products are designed to operate accurately under challenging conditions, serving clients in manufacturing and warehousing facilities to enhance process optimization and productivity.

Uluu

Seed Round in 2022
Uluu is a manufacturer of innovative seaweed-based materials designed to replace traditional plastics and actively benefit the environment. The company's carbon-negative and home compostable polymers are versatile and sustainable alternatives that can be utilized across various applications, including fashion, furniture, packaging, consumer electronics, and automotive interiors. Uluu's products are lightweight, waterproof, and biocompatible, making them suitable for a wide range of uses such as textiles, films, foams, coatings, and 3D printing filaments. By providing these eco-friendly solutions, Uluu aims to reduce global pollution and transform the market for plastic materials, enabling customers to decrease their reliance on conventional plastics and contribute to a more sustainable future.

Samsara Eco

Series A in 2022
Samsara Eco is an innovative enviro-tech company that employs enzymatic technology to recycle plastic waste indefinitely. Its proprietary process breaks down plastics into reusable components, enabling manufacturers to produce new plastic items and fostering a circular loop for plastics, thereby reducing waste and dependence on fossil fuels.

Xylo Bio

Seed Round in 2022
Xylo Bio is a drug development company focused on next-generation psychedelic-inspired therapeutics for psychiatric and neurological disorders. Through a psychedelic therapeutic platform, it aims to develop non-hallucinogenic, rapid-acting medicines that can be widely available and provide improvements over current SSRI treatments. The company seeks to rewire neural circuits and restore brain function, enabling clinicians to optimize care and expand treatment options beyond traditional antidepressants.

Nourish Ingredients

Series A in 2022
Nourish Ingredients is a food technology company based in Canberra, Australia, that specializes in creating fat molecules identical to those found in animals, using innovative precision fermentation techniques. Founded in 2019, the company developed proprietary strains that can mass-produce these fat molecules, allowing for the production of plant-based foods that closely mimic the flavor, aroma, and cooking experience associated with animal fats. By providing alternatives to traditional animal-based ingredients, Nourish Ingredients aims to enhance the quality of plant-based products, making them more appealing to consumers seeking authentic taste without the environmental and ethical concerns related to animal agriculture.

Sundrive Solar

Series A in 2022
Sundrive Solar is a solar technology start-up focused on developing innovative solutions to lower the costs associated with high-efficiency solar cells. The company aims to enhance the performance and sustainability of these cells by utilizing more abundant materials, specifically replacing silver with copper in the manufacturing process. This approach not only reduces production costs but also supports the energy industry in adopting more sustainable practices. Sundrive Solar's commitment to using readily available materials positions it as a forward-thinking player in the renewable energy sector.

Morse Micro

Series B in 2022
Morse Micro is a wireless semiconductor company developing low-power Wi-Fi HaLow chips for the Internet of Things. Built by Wi‑Fi pioneers and industry veterans, the company focuses on long-range, energy-efficient connectivity across IoT applications such as surveillance, access control, industrial automation, and mobile devices. Its IP and patents support the design of its chips. Headquartered in Australia with offices in China and the United States, Morse Micro aims to deliver affordable, scalable IoT connectivity for a wide range of devices.

Lumachain

Series A in 2022
Lumachain is a company that specializes in enhancing transparency within global supply chains, particularly in the food industry. Its blockchain-based platform enables real-time tracking and tracing of individual items from their origin on farms to their final destination. This capability not only promotes accountability but also encourages producers to maintain high-quality standards. By providing enterprises with insights to reduce waste and improve efficiency, Lumachain contributes to increased revenues and profit margins. Additionally, the platform empowers consumers by allowing them to verify the condition, quality, and ethical sourcing of their food products, fostering informed purchasing decisions.

Avarni

Seed Round in 2022
Avarni develops an AI-driven software platform that helps businesses measure, track, and reduce their carbon emissions across the entire supply chain. It aims to lower supply chain risks by establishing new industry benchmarks for emission accountability.

Swoop Aero

Series B in 2022
Swoop Aero, established in 2017 and headquartered in Melbourne, Australia, specializes in drone-powered logistics services. The company aims to revolutionize air transportation networks by integrating drone logistics into the first and last mile of supply chains, enhancing their strength and agility. Swoop Aero offers two-way deliveries across diverse destinations, organizations, and providers, utilizing autonomous drones to transport essential supplies, even to locations otherwise inaccessible. Their services cater to various industries, including health, transport, disaster management, and search and rescue, with a mission to make access to the skies seamless for 1 billion people by 2030.

FluroSat

Series B in 2022
FluroSat, established in 2016 and headquartered in Eveleigh, Australia, specializes in developing predictive crop health monitoring software. The company's primary product, FluroSat, is a decision support platform designed for cotton and grain growers. It employs multispectral and hyperspectral cameras on drones and satellites to diagnose crop health and identify specific stressors limiting crop performance. Additionally, FluroSat offers ProductionWise, a decision support system for commodity crops, aiming to enhance farm efficiency, sustainability, and profitability. This platform provides detailed paddock management, APSIM-powered yield predictions, satellite NDVI monitoring, and localized weather forecasts. FluroSat caters to the agronomist and farmer community.

Eden Brew

Seed Round in 2022
Eden Brew is a food and beverage company focused on producing animal-free and precision-fermented milk and dairy products. The company aims to provide an environmentally sustainable alternative to traditional cow's milk, offering dairy products that are vegan-friendly and lactose-free. Using precision fermentation technology, Eden Brew creates milk that contains nature-identical proteins and nutrients, allowing consumers to enjoy the taste and nutritional benefits of dairy without the environmental impact associated with conventional dairy farming.

Samsara Eco

Seed Round in 2022
Samsara Eco is an innovative enviro-tech company that employs enzymatic technology to recycle plastic waste indefinitely. Its proprietary process breaks down plastics into reusable components, enabling manufacturers to produce new plastic items and fostering a circular loop for plastics, thereby reducing waste and dependence on fossil fuels.

RIOS

Series A in 2022
RIOS, founded in 2018, is a technology company helping global customers automate their factories, warehouses, and supply chain operations by deploying a new class of dexterous AI-powered robots. RIOS robots handle hard-to-automate tasks, typically requiring human-level dexterity, in unstructured environments. RIOS is headquartered in Palo Alto, CA and has a pilot facility in San Carlos, CA. More information is available at www.rios.ai.

Emesent

Series A in 2022
Emesent specializes in developing drone technology for data collection and analysis in challenging underground environments. Its flagship product, Hovermap, enables drones to fly and map in GPS-denied areas like mines, enhancing safety, efficiency, and operational insights.

Inventia Life

Series B in 2021
Inventia Life Science Pty Ltd is an Australian company founded in 2013 and based in Alexandria. It specializes in 3D bioprinting technology aimed at enhancing cell-based research and clinical applications. The company develops, manufactures, and sells equipment, reagents, and bio-inks—both natural and synthetic—designed for advanced medical research. Inventia's innovative approach focuses on creating low-cost and standardized methods for producing three-dimensional human tissue and organ models. This technology is intended to accelerate cancer research, drug discovery, and advancements in regenerative medicine. By providing a comprehensive suite of hardware, software, consumables, and customized protocols, Inventia Life Science facilitates the flexible production of 3D cell-based assays, significantly impacting the medical research landscape.

Kasada

Series C in 2021
Kasada Pty Ltd, established in 2014, specializes in cybersecurity software solutions. Headquartered in Chippendale, Australia, with offices in the U.S. and U.K., the company offers Kasada Polyform, a cloud-based platform that automatically detects and mitigates bot attacks on enterprise web applications, protecting against various threats including system takeover, content scraping, and denial-of-service attacks.

Q-CTRL

Series B in 2021
Q-CTRL develops software tools and firmware for quantum computing to reduce and control quantum bit errors in quantum hardware. Its quantum control infrastructure software supports research and development professionals and end users, accelerating the pathway to the first useful quantum computers and underpinning software-defined quantum sensors for defence, intelligence, navigation, and earth observation. The company collaborates with universities, national labs, and industry partners to advance hardware error management and stability in quantum systems.

Loam Bio

Series A in 2021
Loam Bio is a company focused on manufacturing microbial products designed to reduce atmospheric CO2 levels and enhance soil fertility. Founded in 2016 and based in Orange, Australia, the company is engaged in developing innovative technology that enables the inoculation of crops with symbiotic micro-organisms. This approach aims to improve agricultural sustainability by promoting healthier soils and more efficient carbon management.

QuintessenceLabs

Series B in 2021
QuintessenceLabs specializes in developing advanced data security technologies that protect digital information whether in transit, at rest, or in use. The company utilizes quantum science principles to enhance its cybersecurity applications, enabling robust security strategies and centralized management of data-security policies. This approach not only maximizes security but also improves the return on investment from existing assets while simplifying data-security management. QuintessenceLabs serves a diverse clientele, including financial institutions like Westpac Group, technology providers such as NetDocuments and PKWare, as well as federal entities like the US State Department and defense contractors including Boeing and Northrop Grumman.

Prospection

Series B in 2021
Prospection Pty Ltd, established in 2009, is a Sydney-based software company specializing in healthcare data analytics. It develops SaaS platforms that transform complex healthcare data into actionable insights. Key products include PharmDash, which analyzes patient drug usage and treatment progression, and PharmMap, which integrates commercial and operational data using geospatial mapping. Prospection serves pharmaceutical companies, research institutions, and hospitals worldwide, aiding them in optimizing drug performance and enhancing patient outcomes.

Quantum Brilliance

Seed Round in 2021
Quantum Brilliance develops room-temperature quantum devices based on synthetic diamond, enabling compact, energy-efficient quantum systems suitable for everyday devices and high-performance computing. It designs, fabricates, and manufactures rugged diamond quantum components that operate at room temperature, enabling the mass production of quantum computers and sensors. These devices are intended for edge computing, ubiquitous computing, and integrated applications across consumer electronics and industrial computing environments.

FluroSat

Series A in 2021
FluroSat, established in 2016 and headquartered in Eveleigh, Australia, specializes in developing predictive crop health monitoring software. The company's primary product, FluroSat, is a decision support platform designed for cotton and grain growers. It employs multispectral and hyperspectral cameras on drones and satellites to diagnose crop health and identify specific stressors limiting crop performance. Additionally, FluroSat offers ProductionWise, a decision support system for commodity crops, aiming to enhance farm efficiency, sustainability, and profitability. This platform provides detailed paddock management, APSIM-powered yield predictions, satellite NDVI monitoring, and localized weather forecasts. FluroSat caters to the agronomist and farmer community.

v2food

Series B in 2021
V2food is a plant-based meat startup founded in 2019 by Nick Hazell and located in Sydney, New South Wales, Australia. The company specializes in producing legume-based meat alternatives that provide a nutritious and flavorful option for individuals who enjoy the taste of meat but prefer not to consume animal products. V2food's offerings are designed to be sustainable and eco-friendly, utilizing natural ingredients that deliver essential protein, energy, fiber, and specific amino acids. By focusing on reducing greenhouse gas emissions, land degradation, and biodiversity loss, V2food aims to foster a positive relationship with food while contributing to a more sustainable food system.

MGA Thermal

Series A in 2021
MGA Thermal specializes in developing novel materials and technologies for thermal energy storage. Their solutions aim to enhance electrical grid stability, residential/commercial heating, industrial processes, waste heat recovery, and electric vehicle charging. The company's primary focus is enabling intermittent renewable energy sources like solar and wind to provide reliable base load electricity.

Gilmour Space Technologies

Series C in 2021
Gilmour Space Technologies is an Australia- and Singapore-based rocket company focused on developing and launching low-cost hybrid propulsion launch vehicles for small satellites. Founded in 2012, the company provides space-launch services for satellite deployment and orbital transportation, offering dedicated and rideshare launches, modular satellite bus configurations, and real-time flight monitoring to support a range of payloads. It serves commercial and defense customers, aiming to reduce launch costs and enable diverse missions across low Earth orbit and beyond.

Castlepoint Systems

Series A in 2021
Castlepoint Systems offers an information governance platform designed to manage data effectively while ensuring regulatory compliance. Its AI-driven solution automatically discovers, classifies, and controls documents, emails, chat messages, databases, or webpages within a company's network, enhancing governance and operational efficiency.

Nourish Ingredients

Seed Round in 2021
Nourish Ingredients is a food technology company based in Canberra, Australia, that specializes in creating fat molecules identical to those found in animals, using innovative precision fermentation techniques. Founded in 2019, the company developed proprietary strains that can mass-produce these fat molecules, allowing for the production of plant-based foods that closely mimic the flavor, aroma, and cooking experience associated with animal fats. By providing alternatives to traditional animal-based ingredients, Nourish Ingredients aims to enhance the quality of plant-based products, making them more appealing to consumers seeking authentic taste without the environmental and ethical concerns related to animal agriculture.

Baraja

Series B in 2021
Baraja is a deep technology company specializing in advanced LiDAR solutions for autonomous vehicles. It has developed a unique platform called Spectrum-Scan™, which employs a novel approach to light detection and ranging by utilizing prisms instead of traditional moving parts and mirrors. This innovative method refracts light through optics connected to a wavelength-tunable laser, allowing for enhanced scanning capabilities. As a result, Baraja's technology offers superior range, precision, and reliability, even in challenging environments. This advancement enables manufacturers of self-driving cars to achieve instantaneous multi-angle scanning with high detail and adaptability, positioning Baraja as a leader in the autonomous vehicle technology sector.

Kapiche

Seed Round in 2021
Kapiche Pty Ltd, established in 2013 and headquartered in Fortitude Valley, Australia, specializes in text analytics solutions for businesses. The company's core offering is an experience intelligence platform that leverages Natural Language Processing technology to analyze customer and employee feedback data from various sources such as surveys, NPS, CSAT, and product reviews. This platform rapidly identifies key themes, sentiment, and business impact from large, unseen datasets, enabling customer-centric organizations to gain actionable insights without manual coding or extensive setup.

Pending AI

Venture Round in 2021
Pending AI is a biotechnology company founded by Professor Mark Waller that has developed a comprehensive discovery platform enabled by artificial intelligence and quantum mechanics to accelerate medicinal drug discovery. The platform supports the design, synthesis, and testing of higher-quality small molecule drugs in a fraction of the time and cost of traditional approaches. The company operates in the Boston area, with presences in Cambridge, Massachusetts, and Eveleigh, New South Wales, Australia, and pursues research and development partnerships with pharmaceutical companies to advance drug discovery programs.

Trellis Data

Venture Round in 2020
Trellis Data Pty Ltd is an Australian technology company based in Canberra, specializing in artificial intelligence and machine learning solutions. Founded in 2016, the company develops the Trellis Intelligence Platform (TIP), an end-to-end deep learning Software as a Service (SaaS) platform that provides insights, analytics, and intelligence derived from ingested data. Trellis Data focuses on delivering its services primarily to sectors such as government, defense and intelligence, and financial services. The platform is designed to enable businesses to make informed and timely decisions by facilitating multi-modal model ensembles, integrating explanations and continuous improvement frameworks, which allows users to prioritize addressing business challenges over the complexities of model development. Trellis Data was previously known as Funtech.Com.Au Pty Ltd before rebranding in May 2017.

Coviu

Venture Round in 2020
Coviu is a telehealth company that enhances video consultations with AI-backed clinical tools. Its platform integrates seamlessly with practice management systems, offering a wide range of specialist health services.

Morse Micro

Series A in 2020
Morse Micro is a wireless semiconductor company developing low-power Wi-Fi HaLow chips for the Internet of Things. Built by Wi‑Fi pioneers and industry veterans, the company focuses on long-range, energy-efficient connectivity across IoT applications such as surveillance, access control, industrial automation, and mobile devices. Its IP and patents support the design of its chips. Headquartered in Australia with offices in China and the United States, Morse Micro aims to deliver affordable, scalable IoT connectivity for a wide range of devices.

v2food

Series B in 2020
V2food is a plant-based meat startup founded in 2019 by Nick Hazell and located in Sydney, New South Wales, Australia. The company specializes in producing legume-based meat alternatives that provide a nutritious and flavorful option for individuals who enjoy the taste of meat but prefer not to consume animal products. V2food's offerings are designed to be sustainable and eco-friendly, utilizing natural ingredients that deliver essential protein, energy, fiber, and specific amino acids. By focusing on reducing greenhouse gas emissions, land degradation, and biodiversity loss, V2food aims to foster a positive relationship with food while contributing to a more sustainable food system.

Kasada

Series B in 2020
Kasada Pty Ltd, established in 2014, specializes in cybersecurity software solutions. Headquartered in Chippendale, Australia, with offices in the U.S. and U.K., the company offers Kasada Polyform, a cloud-based platform that automatically detects and mitigates bot attacks on enterprise web applications, protecting against various threats including system takeover, content scraping, and denial-of-service attacks.

Myriota

Series B in 2020
Myriota Pty. Ltd. is an Australian company based in Adelaide that specializes in developing low-power micro transmitters for satellite connectivity, primarily targeting the Internet of Things (IoT) market. Founded in 2015, Myriota's technology enables secure data transmission by using its low-power modules, which can be seamlessly integrated into various IoT devices. These devices send small packets of data to low Earth orbit satellites and ground stations, facilitating remote communication and monitoring. The firm's solutions cater to a diverse range of applications, including data-driven agriculture, resource asset management in sectors like oil and gas, mining, environmental monitoring, and defense. Myriota's innovations aim to enhance operational efficiency, reduce costs, and support data-driven decision-making across multiple industries.

Prospection

Series A in 2020
Prospection Pty Ltd, established in 2009, is a Sydney-based software company specializing in healthcare data analytics. It develops SaaS platforms that transform complex healthcare data into actionable insights. Key products include PharmDash, which analyzes patient drug usage and treatment progression, and PharmMap, which integrates commercial and operational data using geospatial mapping. Prospection serves pharmaceutical companies, research institutions, and hospitals worldwide, aiding them in optimizing drug performance and enhancing patient outcomes.

Kasada

Series A in 2019
Kasada Pty Ltd, established in 2014, specializes in cybersecurity software solutions. Headquartered in Chippendale, Australia, with offices in the U.S. and U.K., the company offers Kasada Polyform, a cloud-based platform that automatically detects and mitigates bot attacks on enterprise web applications, protecting against various threats including system takeover, content scraping, and denial-of-service attacks.

Advanced Navigation

Series A in 2019
Advanced Navigation, established in 2012 and based in Sydney, Australia, specializes in developing and manufacturing high-quality navigational technologies and robotics. The company's portfolio includes acoustic underwater navigation systems, GNSS/INS devices, MEMS AHRS, logging and post-processing units, satellite compasses, speed sensors, subsea antennas, and INS. With a background in mission-critical robotics and expertise spanning sensors, GNSS, inertial navigation, RF technologies, acoustics, robotics, AI, and algorithms, Advanced Navigation's products are designed to operate accurately under challenging conditions, serving clients in manufacturing and warehousing facilities to enhance process optimization and productivity.

v2food

Series A in 2019
V2food is a plant-based meat startup founded in 2019 by Nick Hazell and located in Sydney, New South Wales, Australia. The company specializes in producing legume-based meat alternatives that provide a nutritious and flavorful option for individuals who enjoy the taste of meat but prefer not to consume animal products. V2food's offerings are designed to be sustainable and eco-friendly, utilizing natural ingredients that deliver essential protein, energy, fiber, and specific amino acids. By focusing on reducing greenhouse gas emissions, land degradation, and biodiversity loss, V2food aims to foster a positive relationship with food while contributing to a more sustainable food system.

Q-CTRL

Series A in 2019
Q-CTRL develops software tools and firmware for quantum computing to reduce and control quantum bit errors in quantum hardware. Its quantum control infrastructure software supports research and development professionals and end users, accelerating the pathway to the first useful quantum computers and underpinning software-defined quantum sensors for defence, intelligence, navigation, and earth observation. The company collaborates with universities, national labs, and industry partners to advance hardware error management and stability in quantum systems.

Cylite

Series B in 2019
Cylite focuses on developing advanced imaging and metrology systems for ophthalmology and optometry, including the Hyperparallel Coherence Tomography platform for whole-eye measurement and imaging. The company aims to deliver faster, volumetric, and motion-artifact-free OCT and comprehensive ocular surface assessments, including anterior and posterior corneal topography and retinal imaging. Established in 2001, Cylite is based in Melbourne, Australia.

Kapiche

Seed Round in 2019
Kapiche Pty Ltd, established in 2013 and headquartered in Fortitude Valley, Australia, specializes in text analytics solutions for businesses. The company's core offering is an experience intelligence platform that leverages Natural Language Processing technology to analyze customer and employee feedback data from various sources such as surveys, NPS, CSAT, and product reviews. This platform rapidly identifies key themes, sentiment, and business impact from large, unseen datasets, enabling customer-centric organizations to gain actionable insights without manual coding or extensive setup.

Lumachain

Seed Round in 2019
Lumachain is a company that specializes in enhancing transparency within global supply chains, particularly in the food industry. Its blockchain-based platform enables real-time tracking and tracing of individual items from their origin on farms to their final destination. This capability not only promotes accountability but also encourages producers to maintain high-quality standards. By providing enterprises with insights to reduce waste and improve efficiency, Lumachain contributes to increased revenues and profit margins. Additionally, the platform empowers consumers by allowing them to verify the condition, quality, and ethical sourcing of their food products, fostering informed purchasing decisions.

FluroSat

Seed Round in 2019
FluroSat, established in 2016 and headquartered in Eveleigh, Australia, specializes in developing predictive crop health monitoring software. The company's primary product, FluroSat, is a decision support platform designed for cotton and grain growers. It employs multispectral and hyperspectral cameras on drones and satellites to diagnose crop health and identify specific stressors limiting crop performance. Additionally, FluroSat offers ProductionWise, a decision support system for commodity crops, aiming to enhance farm efficiency, sustainability, and profitability. This platform provides detailed paddock management, APSIM-powered yield predictions, satellite NDVI monitoring, and localized weather forecasts. FluroSat caters to the agronomist and farmer community.

FluroSat

Venture Round in 2019
FluroSat, established in 2016 and headquartered in Eveleigh, Australia, specializes in developing predictive crop health monitoring software. The company's primary product, FluroSat, is a decision support platform designed for cotton and grain growers. It employs multispectral and hyperspectral cameras on drones and satellites to diagnose crop health and identify specific stressors limiting crop performance. Additionally, FluroSat offers ProductionWise, a decision support system for commodity crops, aiming to enhance farm efficiency, sustainability, and profitability. This platform provides detailed paddock management, APSIM-powered yield predictions, satellite NDVI monitoring, and localized weather forecasts. FluroSat caters to the agronomist and farmer community.

Fivecast

Venture Round in 2019
Fivecast is a provider of digital intelligence solutions that aims to create a safer world by assisting public and private organizations in analyzing vast amounts of data. The company focuses on critical areas such as national security, law enforcement, defense, corporate security, and financial intelligence, using advanced data collection and AI-driven analytics to address complex intelligence challenges. Based in Australia, with a presence in the United States, United Kingdom, and Europe, Fivecast was established through collaboration between government agencies and research institutions to tackle big data challenges. Its AI-enabled threat analytics platform simplifies the detection of threats across various forms of media, including images, text, and video, while offering capabilities for threat visualization, image analysis, and network analysis. This technology enables organizations to consolidate insights and automate risk detection effectively.

Morse Micro

Series A in 2019
Morse Micro is a wireless semiconductor company developing low-power Wi-Fi HaLow chips for the Internet of Things. Built by Wi‑Fi pioneers and industry veterans, the company focuses on long-range, energy-efficient connectivity across IoT applications such as surveillance, access control, industrial automation, and mobile devices. Its IP and patents support the design of its chips. Headquartered in Australia with offices in China and the United States, Morse Micro aims to deliver affordable, scalable IoT connectivity for a wide range of devices.

Baraja

Series A in 2019
Baraja is a deep technology company specializing in advanced LiDAR solutions for autonomous vehicles. It has developed a unique platform called Spectrum-Scan™, which employs a novel approach to light detection and ranging by utilizing prisms instead of traditional moving parts and mirrors. This innovative method refracts light through optics connected to a wavelength-tunable laser, allowing for enhanced scanning capabilities. As a result, Baraja's technology offers superior range, precision, and reliability, even in challenging environments. This advancement enables manufacturers of self-driving cars to achieve instantaneous multi-angle scanning with high detail and adaptability, positioning Baraja as a leader in the autonomous vehicle technology sector.

Emesent

Seed Round in 2018
Emesent specializes in developing drone technology for data collection and analysis in challenging underground environments. Its flagship product, Hovermap, enables drones to fly and map in GPS-denied areas like mines, enhancing safety, efficiency, and operational insights.

RapidAIM

Seed Round in 2018
RapidAIM PTY LTD is a technology company based in Highgate Hill, Australia, focused on pest management for the agriculture industry. Established in 2018, the company designs and manufactures a sensor grid equipped with low-power novel sensors and edge computing capabilities. This innovative platform enables real-time detection and monitoring of pest threats to food crops, offering valuable services such as regional pest surveillance, crop border security, and pest forecasts. By leveraging its IoT-based pest monitoring system, RapidAIM collects and analyzes data on pest activity, generating timely alerts that allow growers and agronomists to implement targeted pest control measures, ultimately minimizing crop damage and losses.

Gilmour Space Technologies

Series B in 2018
Gilmour Space Technologies is an Australia- and Singapore-based rocket company focused on developing and launching low-cost hybrid propulsion launch vehicles for small satellites. Founded in 2012, the company provides space-launch services for satellite deployment and orbital transportation, offering dedicated and rideshare launches, modular satellite bus configurations, and real-time flight monitoring to support a range of payloads. It serves commercial and defense customers, aiming to reduce launch costs and enable diverse missions across low Earth orbit and beyond.

Practera

Venture Round in 2018
Practera bridges the skills gap between university and workplace by facilitating large-scale experiential learning. It helps universities and corporations deliver high-quality, scalable work-integrated learning programs using proprietary technology.

Intersective

Series A in 2018
Intersective Pty Ltd is a technology company that designs and develops a software platform aimed at enhancing experiential learning for educators, learners, and employers. The platform, known as Practera, facilitates various learning opportunities, including internships, business projects, and challenges. It provides tools for experiential case study training, cross-functional projects, skills credentialing, mentoring, and reflection, all aimed at work-integrated learning. Users can create customized programs that incorporate learning modules, communications, activities, and deliverables. The platform also features real-time analytics to support participants and offers assurance and audit reporting for educators and employers. Founded in 2010, Intersective is headquartered in Darlinghurst, Australia.

Indee Labs

Seed Round in 2018
Indee Labs develops hardware and platform technologies for gene delivery to immune cells, with the aim of enabling the rapid development and scalable manufacture of gene-modified cell therapies, including CAR-T cells. The company focuses on non-viral delivery methods to introduce small molecules, nucleic acids, proteins, and gene-editing complexes into immune cells, supporting biopharmaceutical research and manufacturing while maintaining high cell viability and function. Its technology has progressed with collaboration from national facilities and through participation in biotech incubators and accelerators. Indee Labs maintains an international footprint, with an office in Sydney and lab space in Berkeley, reflecting its cross-regional development and manufacturing focus.

Coviu

Seed Round in 2018
Coviu is a telehealth company that enhances video consultations with AI-backed clinical tools. Its platform integrates seamlessly with practice management systems, offering a wide range of specialist health services.

Myriota

Series A in 2018
Myriota Pty. Ltd. is an Australian company based in Adelaide that specializes in developing low-power micro transmitters for satellite connectivity, primarily targeting the Internet of Things (IoT) market. Founded in 2015, Myriota's technology enables secure data transmission by using its low-power modules, which can be seamlessly integrated into various IoT devices. These devices send small packets of data to low Earth orbit satellites and ground stations, facilitating remote communication and monitoring. The firm's solutions cater to a diverse range of applications, including data-driven agriculture, resource asset management in sectors like oil and gas, mining, environmental monitoring, and defense. Myriota's innovations aim to enhance operational efficiency, reduce costs, and support data-driven decision-making across multiple industries.

The EVERY Company

Seed Round in 2018
The EVERY Company, formerly known as Clara Foods, specializes in producing animal-free proteins for the food and beverage industry. Founded in 2014 and based in South San Francisco, California, the company utilizes advanced fermentation technology to create functional and nutritional proteins derived from microorganisms. Its product line includes baking ingredients, nutritional supplements, and egg white alternatives that are free from pathogens and suitable for various culinary applications, such as cakes and meringues. The EVERY Company aims to provide a sustainable, healthier, and kinder alternative to traditional animal agriculture by decoupling protein production from animals, thereby offering consumers healthy and affordable protein options without added sugars.

FluroSat

Seed Round in 2017
FluroSat, established in 2016 and headquartered in Eveleigh, Australia, specializes in developing predictive crop health monitoring software. The company's primary product, FluroSat, is a decision support platform designed for cotton and grain growers. It employs multispectral and hyperspectral cameras on drones and satellites to diagnose crop health and identify specific stressors limiting crop performance. Additionally, FluroSat offers ProductionWise, a decision support system for commodity crops, aiming to enhance farm efficiency, sustainability, and profitability. This platform provides detailed paddock management, APSIM-powered yield predictions, satellite NDVI monitoring, and localized weather forecasts. FluroSat caters to the agronomist and farmer community.

Q-CTRL

Seed Round in 2017
Q-CTRL develops software tools and firmware for quantum computing to reduce and control quantum bit errors in quantum hardware. Its quantum control infrastructure software supports research and development professionals and end users, accelerating the pathway to the first useful quantum computers and underpinning software-defined quantum sensors for defence, intelligence, navigation, and earth observation. The company collaborates with universities, national labs, and industry partners to advance hardware error management and stability in quantum systems.

Morse Micro

Seed Round in 2017
Morse Micro is a wireless semiconductor company developing low-power Wi-Fi HaLow chips for the Internet of Things. Built by Wi‑Fi pioneers and industry veterans, the company focuses on long-range, energy-efficient connectivity across IoT applications such as surveillance, access control, industrial automation, and mobile devices. Its IP and patents support the design of its chips. Headquartered in Australia with offices in China and the United States, Morse Micro aims to deliver affordable, scalable IoT connectivity for a wide range of devices.

Maxwell Plus

Seed Round in 2017
Maxwell Plus is an artificial intelligence platform focused on enhancing clinical diagnostics through data-driven solutions. It provides clinicians, researchers, and healthcare companies with advanced tools to streamline the design, development, and delivery of diagnostic services, particularly in the realm of medical imaging and pathology. The company's initial offering is a diagnostic model specifically targeting prostate cancer, which utilizes machine learning to analyze medical images. This platform is designed to integrate seamlessly with existing Picture Archiving and Communication Systems (PACS) and workstations, thereby improving the diagnostic accuracy and overall patient outcomes for radiologists and urologists.

Levur

Levur is a biotechnology company that develops synthetic biology platforms to create sustainable cosmetic oil substitutes using yeast fermentation. The company aims to help businesses address supply chain challenges related to climate-smart sourcing of key raw ingredients.
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