Startup · $2.2m raised
Canberra, ACT
Programs: Advanced Strategic Capabilities Accelerator (Sovereign UAS Challenge)
Every investor coverage indicates participated in a round Boresight raised.
| Investor | Rounds | Invested |
|---|---|---|
| Defence | Grant | - |
| Advanced Strategic Capabilities Accelerator | Accelerator · Grant | - |
Companies Boresight 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 |
|---|---|---|
| Justin Olde | CEO and Managing Director | Defence Connect (10 Jun 2026), Defence Connect (27 Apr 2026) |
Stories naming Boresight. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Boresight, a Canberra-based maker of target drones for counter-drone training, has begun trading on the ASX after an $8 million IPO, with funds set to lift production and US manufacturing.
Boresight, a defence tech firm whose drones support counter-drone training, has lodged an ASX float to fund manufacturing expansion at home and in the United States.
Three local drone makers won defence accelerator contracts worth $2.2 million apiece to finish prototypes and build 100 uncrewed aerial systems, while the Ghost Shark underwater drone reached America for trans-Pacific testing.
Also @AuManufacturing
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.
Nine companies received Defence Innovation Hub contracts totalling $19 million to develop technologies for the Australian Defence Force, with RFTEQ winning the largest single award of $5.31 million.