Myriota

Morse Micro raises $88 million for long-range Wi-Fi chips

Sydney chipmaker Morse Micro has banked an $88 million Series C led by Japan's MegaChips, with the national reconstruction fund and several existing backers also participating; funds will drive growth and future chip development.

Also Startup Daily·builtinsydney.au·semiiphub.com·Forbes Australia·morsemicro.com·Forbes Australia·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Forbes Australia·smallbizai.au

Brandon Capital closes $439m fund with $150m leg up from the NRFC

Australia's NRFC has injected $150m into Brandon Capital's sixth life-science vehicle, lifting it to a $439m close; past NRFC cheques to local deep-tech firms are also recapped.

NRF backs PolyActiva in $40 million raise for dissolvable eye implants

Biotech PolyActiva has banked a Series C round led by the National Reconstruction Fund with Brandon Capital, funding late-stage trials of its dissolvable glaucoma implant and a consolidated Melbourne site.

Also Startup Daily

The National Reconstruction Fund speaks on internal tension over risk

NRF chair Martijn Wilder describes boardroom disagreement over risk appetite at the government investor, recounting earlier deals backing Harrison.ai, Quantum Brilliance, Myriota, QuintessenceLabs and Vault Cloud.

Manufacturing news briefs — stories you might have missed

Manufacturing roundup: OncoSil Medical locks in commitments for an $8.7 million raise, Soilco completes its purchase of Martins Fertilizers, Avecho collects an R&D rebate, alongside items on apprenticeships, Myriota, Recce and Swinburne research.

Also thecfigroup.com·divestmergeacquire.com·redchip.com.au·wastemanagementreview.com.au

Two Aussie startups that raised $26 million this week

Roundup of two Australian raises: a quantum security company's government-led $20m round and a retail analytics startup's US seed round backing its American push.

Also Startup Daily·SmartCompany

Myriota partners with Viasat for non-terrestrial network launch

Adelaide satellite IoT firm Myriota has launched HyperPulse, a narrowband non-terrestrial network service built with Viasat, and opened applications for development partners to access it from April.

The $15bn National Reconstruction Fund takes $32 million stake in AI medical diagnostics startup Harrison.ai

Harrison.ai has received $32 million from the National Reconstruction Fund Corporation toward its Series C, with the federal investor's December backing of Vault Cloud, Myriota and Quantum Brilliance also noted.

Also Women's Agenda

Seven Aussie startups that raised $155.5 million this week

Weekly roundup covering seven Australian companies' fresh capital: EV charging, satellite IoT, sovereign cloud, wearables, workplace messaging, plus two crowdfunding raises on Birchal.

Also Startup Daily·Startup Daily·@AuManufacturing·@AuManufacturing

Vault Cloud raises $22.5 million with NRFC support to strengthen national security tech

Australia's National Reconstruction Fund Corporation has put $22.5 million into Vault Cloud's Series B, its first defence-priority investment, after recent year-end cheques to Myriota, Quantum Brilliance and Russell Mineral Equipment.

Also SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily

National Reconstruction Fund picks up half the tab in IoT nanosatellite maker Myriota’s $50 million raise

Adelaide IoT satellite firm Myriota has raised $50 million, led by the National Reconstruction Fund’s $25 million contribution, with Main Sequence and Inter Valley Ventures also backing; an NRFC director has resigned.

Also Business News Australia

National Reconstruction Fund helps rocket Myriota capital raise to $50 million

Myriota, an Adelaide nanosatellite company, has raised $50 million with $25 million from the National Reconstruction Fund Corporation; the piece also recaps the fund's recent backing of Quantum Brilliance and Russell Mineral Equipment.

Also Startup Daily·Business News Australia·@AuManufacturing·SmartCompany·SmartCompany·Startup Daily·myriota.com·lotfourteen.com.au·atomicmobile.com·Startup Daily·Space Connect·@AuManufacturing

Employee retention startup SeenCulture raises $1 million pre-Seed round

SeenCulture, a workplace platform, has secured $1 million in a pre-seed round from Alice Anderson Fund, M8 Ventures, InterValley Ventures and Torus, having earlier joined Techstars' first Sydney cohort with Cut Through Angels backing.

Also SmartCompany·SmartCompany

Myriota secures Moon to Mars funding

Myriota has received a $1.5 million grant from the Australian Space Agency's Moon to Mars Initiative, announced at the opening of its Adelaide experience centre, to fund a communications payload for use off Earth.

Also SmartCompany·SmartCompany

Canberra-based satellite maker Skykraft raises $120 million

Canberra satellite firm Skykraft has raised $120 million to manage air traffic from space, with backing from Foresight Australia, OPTrust and Main Sequence; the round trails only Saluda Medical's this year.

Also Startup Daily·@AuManufacturing·proactiveinvestors.com·Startup Daily·SmartCompany·SmartCompany

Defence signals geospatial goods and services purchases

Australia's defence department has created a five-year geospatial procurement panel anticipating purchases of no more than $20 million, citing Myriota's $5.5 million innovation contract to extend satellite communications for defence sites.

Gilmour Space lands $52 million grant to ramp up Queensland’s rocket launching ambitions

The Gold Coast rocket maker has won federal co-funding for a 32-member space manufacturing network, backing a Queensland manufacturing hub and a new orbital launch pad at Bowen.

Also Techboard·Startup Daily·Startup Daily·@AuManufacturing

Cybersecurity startup Cydarm unlocks $3 million raise

Melbourne cybersecurity firm Cydarm raised $3 million in a round led by InterValley Ventures, with Five V Capital and returning backer Right Click Capital, to hire staff and expand internationally.

Insurer VC Firemark Ventures launches $75 million second fund

IAG's venture arm Firemark Ventures has committed a $75 million second fund, already deployed into Texas 3D imaging startup Plnar; earlier backing included UpGuard, Myriota, Hyper Anna, Airtasker and Life360.

Also Startup Daily