Startup · $68m raised
Queensland critical minerals technology company backed by Main Sequence.
Brisbane, QLD
Every investor coverage indicates participated in a round Plotlogic raised.
| Investor | Rounds | Invested |
|---|---|---|
| Baidu Ventures | Series A | - |
| Bentley iTwin Ventures | Series B · Series A | - |
| BHP | Series A | - |
| BHP Ventures | Series A | - |
| DCVC | Series B · Series A | - |
| Galvanise Climate Solutions | Series B | - |
| GRIDS Capital | Series B · Series A | - |
| Innovation Endeavours | Series B · Series A | - |
| Main Sequence Ventures | Series B | - |
| SE Ventures | Series B | - |
Companies Plotlogic 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 Andrew Job | CEO · Founder | SmartCompany, @AuManufacturing, Startup Daily, TechCrunch Australia |
Stories naming Plotlogic. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Main Sequence sets out its investment thesis for physical AI, describing portfolio companies across robotics, vision, connectivity, compute and simulation, and recalling over $100 million invested since inception.
Industry body AMGC publicises two past grant recipients that commercialised imaging technology: mDetect's muon system for tailings dam safety and EQ Resources' hyperspectral tungsten sorting, with grants of $248,191 and $600,000.
QVCDF money is going into Main Sequence to fund Queensland deep tech investing; the state government's extra $55 million takes the program to $130 million.
Queensland's government is committing $130 million across five venture firms — Antler, Five V Capital, Main Sequence, Mandalay and Salus — via a new fund to widen early-stage funding for local startups.
A quarterly venture funding report shows Australian startups collected $739 million across 77 deals in Q3 2023, trailing earlier periods; SafetyCulture and Lyre's Spirit Co drew the largest rounds while female founders' share improved.
Also TechCrunch Australia·SmartCompany·Capital Brief·Startup Daily·AgFunderNews·AgFunderNews
LinkedIn's seventh annual ranking of Australia's top startups puts Immutable first and Harrison.ai second; the piece also notes me&u's recent merger with Mr Yum and the Tran brothers' three-year fundraising tally.
Also Startup Daily
Weekly roundup reporting eight Australian startups together raised $85.6 million across mining tech, cybersecurity, waste, energy storage, health and micromobility, plus a Google.org grant for Global Sisters.
Brisbane ore-scanning company Plotlogic has raised a Series B with Galvanise, Schneider Electric's venture arm and CSIRO's Main Sequence participating, the latter drawing on a freshly announced $450 million fund.
Also @AuManufacturing·SmartCompany·Forbes Australia·Forbes Australia
Techboard's March 2022 roundup of Australian funding: megadeals by Immutable, Saluda Medical, Linktree and Zeller, many smaller raises, acquisitions, an IPO, several fund closes, and companies still seeking capital.
Also Australian FinTech
Brisbane mining-tech firm Plotlogic has raised 18 million dollars in a Series A led by Innovation Endeavors, with several corporate and venture backers joining, to grow commercial deployments of its on-site ore imaging systems.
Also Techboard·Startup Daily
EQ Resources received a $600,000 Advanced Manufacturing Growth Centre grant for a tungsten ore-sorting project with Tomra, Plotlogic, University of Queensland and Cronimet Australia; the project's total budget is $1.97 million.
Also @AuManufacturing