Renowned US private equity fund KKR has joined the register of robotics and navigation technology company Advanced Navigation as part of a new $108 million funding round.
It is one of the largest venture capital raises for an Australian company since the tech correction hit. The business is one of few companies able to raise more than $100 million amid the tight funding market conditions.
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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
