A local start-up that supplies the world's biggest car and defence manufacturers with artificial intelligence-powered navigation and robotics technologies, Advanced Navigation, has raised $20 million from CSIRO's Main Sequence Ventures, alongside US funds Brick & Mortar and In-Q-Tel.
It is the first major capital raise by the Sydney-based deep tech business, which was founded seven years ago by engineers Xavier Orr and Chris Shaw.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
