Carbonix, a Sydney-based start-up run by an America’s Cup veteran that supplies drones for commercial use, has closed a $6.3 million funding round and bagged a contract to monitor Ausgrid’s power networks.
The funding round was led by ASX-listed defence manufacturer Quickstep, and will be used to expand its operations and target potentially lucrative military contracts.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
