Ledger. Australian venture funding, tracked

Company

Schneider Electric

Coverage

Stories naming Schneider Electric. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

10 deals

SQC among 6 startups sharing $12.3 million in quantum grants

Six Australian quantum startups, including Silicon Quantum Computing and QuantX Labs, have received federal grants totalling $12.3 million under the Critical Technologies Challenge Program for projects in energy, health, biosecurity and logistics.

Fund close $6.8m

Pioneering VC fund Uniseed doubles its backers as five universities, including Monash, UTS and Macquarie, chip in

Uniseed adds Monash and a four-university NSW collaboration, lifting its third fund by $6.75 million to $56.75 million; the article recalls past portfolio sales to Novartis, Shire and Schneider Electric.

4 deals

Queensland mining tech startup unearths $43 million in Series B

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

2 deals

Manufacturing news briefs – stories you might have missed

Manufacturing roundup: 3D Metalforge raises funds via placement, Recce Pharmaceuticals lands an R&D tax rebate, CoDeAc unveils a nuclear detection solution, A2EP plans a webinar, and Varley Rafael advances local missile production.

Fund close $75m

UniSuper tips $75 million into early stage VC Uniseed

UniSuper commits $75 million to Uniseed, the research commercialisation fund owned by four universities and CSIRO, its first venture investment; past portfolio sales to Schneider Electric, RTP Co and Novartis are recalled.

Exit / M&A

Schneider Electric completes acquisition of Australian IoT company

Schneider Electric has finished buying Aurtra, a University of Queensland power-asset-monitoring spinout. Its sensor technology and team, including co-founder Terry Woodcroft, now sit inside the French group's digital transformer services business.

Also ARN (ARNnet)·Startup Daily·Startup Daily·Startup Daily·@AuManufacturing

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