Clean energy company MGA Thermal has secured an additional $5.7 million in funding, taking its recent funding round total to approximately $14 million. The company, which is demonstrating the scale and industrial capabilities of its thermal energy storage systems, was supported by returning investors including Main Sequence, Melt Ventures and new investor JEKARA. The funding…
Austal delivers another LCS Shipbuilder Austal has announced that the future USS Kingsville Littoral Combat Ship has been delivered to the United States Navy – the 18th Independence-variant LCS built by Austal USA in Mobile, Alabama. Austal Chief Executive Officer Paddy Gregg said Kingsville was the penultimate delivery for the Independence-variant programme. “With the delivery…
Synthetic biology could be an industry worth $30 billion to the nation annually and create 50,000 new jobs by 2040, according to the new Synthetic Biology National Progress Report, with the greatest activity expected to be in food and agriculture, followed by health and medicine industries. The report was written by CSIRO Futures, with support…
By Peter Roberts The Queensland government is getting back in the venture capital game and directly investing in young – and inherently risky – businesses. State owned VCs have been on the nose since the failure of the Victorian Economic Development Corporation and subsequent abolition in 1993, its demise as much a result of the…
Defence manufacturer Arkeus will scale manufacturing of its hardware-enabled software platform for search, intelligence, surveillance and reconnaissance missions. The optical autonomy company raised $4.45 million in seed funding from technology investors Main Sequence, Beaten Zone Venture Partners and Salus Ventures. The funding will help Arkeus scale manufacturing and enhance the capabilities of its core product…
US and Australian venture capital climate and sustainability heavyweights have led a $US28 million Series B funding round for deep-tech mining company Plotlogic. In the five years since its inception, Queensland-based Plotlogic has fast become a leader in ore characterisation. Their technology helps customers, including BHP, Vale, South32 and leading lithium company Pilbara Minerals, increase…
The CSIRO-founded investment vehicle Main Sequence announced the first close of Fund 3, raising $450 million and passing a milestone of $1 billion in total funds under management. Participation came from what were described as “large institutional funds, wealth groups and top tier climate investors” including Hostplus, LGT Crestone, Morgan Stanley Wealth Management and Temasek,…
