THE ALTERNATIVE VIEW
Australia Tech & Venture Capital

By: Alternatives.pe

STARTUP FUNDRAISING

PROJECT MANDA, an AI-powered platform revolutionizing the way organizations manage their meeting culture and productivity, raises AUD 1.5 million in Pre-Seed funding led by Aussie Angels. 

ENTROMAT, a pioneering deep-tech startup transforming the metal powder industry through the advancement of High Entropy Material (HEM) powders, has reportedly raised AUD 1 million from Breakthrough Victoria and Swinburne University.

DETEQT, a business intelligence and due diligence platform specializing in background checks, risk assessment, and corporate investigations, has reportedly raised AUD 750K in Pre-Seed funding from Main Sequence Ventures and the ATP Fund to bring its diamond-on-silicon quantum magnetometer technology to market.

ARKEUS, a company that accelerates decision-making through the fusion of optics and autonomy, has reportedly raised AUD 5 million in funding. The oversubscribed funding round received continued support from existing investors, including Main Sequence, Salus Ventures, and Beaten Zone Venture Partners.

REVENUE UPDATES

ROOGENIC, a company that utilizes the potency of Australian native plants to develop potent remedies addressing sleep, gut health, metabolism, detoxification, and more, reported AUD 6.2 million in revenue for the FY ending in June 2024. The company remains profitable by earning AUD 795K. 

 

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RECENTLY ADDED STARTUP

CIRCUITI: A startup specializing in circular waste elimination for businesses through waste data analysis, strategic planning, and verified solution providers.

AUZVOLT: A startup specializing in end-to-end decarbonization solutions for the mining sector through renewable energy generation, recyclable LFP lithium-ion battery manufacturing, and storage solutions.

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OTHER NEWS

Australia’s Commonwealth Bank to back 25 start-ups.
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Australia pauses AI regulation plans amid safety concerns.
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Tech Council, Austrade forge alliance to propel Australian tech firms globally.
READ FULL ARTICLE

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