This week, a number of high corporations in Australia and the Asia-Pacific area raised large funding rounds to assist develop their companies and develop new applied sciences.
From Airwallex’s big valuation to advances in cybersecurity, psychological well being, analysis, and electrical automobile tech, these investments present sturdy progress in necessary industries. Right here’s a take a look at the newest funding information:
Fintech Airwallex raises $465 million in Sequence F funding spherical
Funds know-how firm Airwallex has efficiently closed a $465 million (US$300 million) Sequence F funding spherical, bringing its valuation to roughly $9.6 billion (US$6.2 billion). Based in Melbourne and now headquartered in Singapore, Airwallex has surpassed the numerous milestone of $1 billion in annualised income.
The corporate plans to make use of the contemporary capital to broaden its worldwide footprint and improve its product choices. Main traders on this spherical embody well-known names akin to Sq. Peg, DST International, Lone Pine Capital, Airtree, Salesforce Ventures, Hostplus, NGS Tremendous, alongside Blackbird Ventures, which contributed $60 million earlier this month. This newest funding underscores rising confidence in Airwallex’s potential to disrupt the worldwide funds panorama.
AI-powered cybersecurity platform CloudSEK secures $19 million in funding
CloudSEK, a pioneering firm in AI-driven cyber risk prediction and intelligence, has raised $19 million by way of a mix of Sequence A2 and B1 funding rounds. The funding attracted a mixture of strategic and enterprise traders from India and america, together with MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and Commvault amongst others. Early backers such because the Meeran Household (founders of Japanese Group), StartupXSeed, Neon Fund, and Exfinity Ventures proceed to assist CloudSEK’s progress.
Since its inception in 2015 by cybersecurity researcher-turned-entrepreneur Rahul Sasi, CloudSEK has developed from a analysis initiative right into a trusted intelligence platform serving over 250 enterprise purchasers throughout banking, healthcare, know-how, and authorities sectors. The contemporary capital will assist broaden its predictive cybersecurity capabilities and world attain.
Foremind raises $1.5 million to reinforce psychological well being assist instruments
Foremind, an modern platform devoted to enhancing office psychological well being and psychosocial security, has closed a $1.5 million funding spherical led by influence investor Big Leap, with contributions from Skalata and Snow Basis. The funds will likely be deployed to develop superior options for its platform, designed to assist employers adjust to psychological well being rules whereas supporting worker wellbeing.
Foremind additionally plans to make use of the capital to broaden past Australia into new markets, particularly New Zealand and the UK, additional cementing its position as a frontrunner in office psychological well being options.
Uniseed secures extra $25 million from UniSuper
Australia’s longest-running university-focused enterprise fund, Uniseed, has raised an extra $25 million from UniSuper, growing UniSuper’s whole dedication to $100 million. UniSuper, one of many nation’s largest superannuation funds, completely serves the retirement wants of its members.
Uniseed focuses on offering seed funding to early-stage know-how startups that emerge from Australian analysis establishments, serving to bridge the hole between tutorial innovation and business enterprise capital. The fund targets cutting-edge industries together with biotechnology, prescription drugs, quantum computing, and inexperienced power, aiming to remodel analysis breakthroughs into business success tales.
SQM Lithium Ventures invests $3.6 million into Kite Magnetics
SQM Lithium Ventures, the enterprise capital division of a worldwide lithium producer, has invested $3.6 million in Kite Magnetics, a Melbourne startup targeted on producing superior parts for electrical motors and mills. The corporate’s flagship know-how is Aeroperm, a patented nanocrystalline magnetic materials designed to enhance electrical motor effectivity by decreasing power losses.
Based as a spin-off from Monash College in 2021, Kite Magnetics has attracted early funding by way of packages like Breakthrough Victoria and was one of many first recipients of Sydney-based Investible’s Local weather Tech Fund in 2022. This funding will speed up Kite Magnetics’ product growth and business scaling efforts, supporting the transition to cleaner, extra environment friendly electrical autos.
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