The federal government’s $15 billion National Reconstruction Fund has made its third investment, tipping $25 million to lead a $50 million raise by Internet of Things (IoT) satellite builder Myriota. It’s the first raise in four years by the Adelaide space tech startup since former PMÂ Malcolm Turnbull was among the backers of a $28 million… Read more »
South Australian startup Fleet Space Technologies has raised $150 million in a Series D that values the satellite developer and data analytics platform at more than $800 million. The round was led by Canada’s Teachers’ Venture Growth, the VC arm of Ontario Teachers’ Pension Plan. Existing investors Blackbird Ventures, Hostplus, Horizons Ventures, Artesian Venture Partners,… Read more »
Queensland startup Gilmour Space is teaming up with Perth-based Earth observation company LatConnect60 in the second deal involving the rocket builder’s 100-kilogram satellite “bus”, ElaraSat. The collaboration comes just weeks after Gilmour Space landed regulatory approval for the launch of its 23-metres-high Eris rocket in an orbital test flight from its rocket launch pad in… Read more »
In a significant blow to Australia’s defence capabilities, the federal government is cancelling what would have been the nation’s largest-ever space project: a $7 billion military satellite communications system. The decision was confirmed in a press statement on Monday. It comes just 18 months after the Albanese government gave the green light to the ambitious… Read more »
Two South Australian startups, one building a system to help locate and rescue astronauts stranded in remote areas on the Moon, the other, a lightweight spacecraft with AI capabilities, will be backed by state government with $100,000 each. Safety from Space scored the cash from the inaugural South Australian Space Collaboration and Innovation Fund for its… Read more »
The iLAuNCH Trailblazer program has thrown another $1 million into the kitty to fund the commercialisation of university research for the space industry. The federal government-backed program will see the iLAuNCH Accelerator offer seed funding grants worth between $10,000 and $100,000 for proof-of-concept demonstrator technologies with commercial potential. Applications are now open for the fund,… Read more »
Four space research projects at the University of South Australia (UniSA) have received $18 million in funding as part of the $230m iLAuNCH program. The funding coincides with the opening of a new Advanced Manufacturing Metal 3D printing facility at VPG Innovation, in Adelaide’s Camden Park. The 3D printing machines can produce titanium and nickel… Read more »
The global space economy is expected to be worth forecast to be worth $2.7 trillion with a decade, so the NSW government has decided to get in on the action with $500,000 in grant funding. The new NSW Space+ Program grants have been launched ahead of an estimated 10,000 delegates heading to Sydney in September… Read more »
Three space tech startups have received $18 million under the International Space Investment India Projects program, funded by the Australian government. Western Australia’s LatConnect60 received close to $5.8 million to develop and build a Low Earth Orbit satellite in Australia to collect information on carbon emissions at a very high resolution. The satellite will be… Read more »
Having broken new ground in health tech for high-risk situations, Canaria Technologies is taking its next giant leap – to infinity and beyond. The Brisbane-based startup is gearing up to take its pioneering tech in predictive biometrics to the next frontier: outer space. Canaria’s wearables, which combine data about how the human body functions with… Read more »
A Canberra-based air traffic management startup has banked $120 million for plans to run the system from space. The round in Skycraft was led by Australian arm of UK-listed fund manager Foresight, supported by CSIRO VC fund Main Sequence Ventures and Canadian pension fund OPTrust in a raise that took two years to complete. A… Read more »
Sydney satellite monitoring startup HEO Robotics has raised $12 million in a Series A two years after its last round. The raise was led by Sydney VC AirTree Ventures with support from the new $40 million sovereign capabilities early-stage fund Salus Ventures. Salus invest up to $1.5 million into initial rounds for cutting-edge tech for… Read more »
Sydney satellite data analysis startup Arlula has raised $2.2 million in a Seed round . The round was led by CSIRO’s deep tech VC fund Main Sequence, with support from Black Nova Venture Capital. Launched in 2018, Arlula makes Earth Observation (EO) data and imagery captured by satellites available for companies to make better decisions… Read more »
Quasar Satellite Technologies, a space communications startup building ground station services to replace parabolic dishes has raised $6 million in pre-Series A. The round by CSIRO’s VC fund, Main Sequence Ventures, and included PAN Group, and Marc and Lindy De Stoop of Climatech Group. The company has also scored a $5.3 million Defence Innovation Hub… Read more »
After a severe electrical storm damaged an ATSpace rocket on the launch pad in November, the company has announced that repairs have been completed and they will attempt another launch in the coming weeks, followed by another already planned launch of a second rocket. ATSpace CEO Dr Yen Sen Chen said they were pleased to… Read more »
The one that got away: After paying $230 million for Catch, Wesfarmers is shutting it down 
Antler Investor Memo Series: Lyngo AI answers the healthcare communication crisis with AI receptionists 
Tennis Australia is using facial recognition at the Australian Open to monitor fans 
Applications for Catalysr’s ‘migrapreneur’ startup accelerator program are about to close 
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