Arkeus, an ambitious Melbourne start-up that has secured early contracts with the Defence Department for its automated optical technology that lets users see much more than is possible with the human eye, has closed a $4.45 million funding round.
The round was led by the CSIRO-backed venture capital firm Main Sequence Ventures, which put in just shy of $3 million from its Core Fund 3 and Parallel funds, according to details lodged with the corporate regulator.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
