Private equity fund KKR is backing Australian robotics company Advanced Navigation in a whopping $108m raise

Private equity fund KKR is backing Australian robotics company Advanced Navigation in a whopping $108m raise

We started the trip in AprilSo it took longer than usual, but we ended up with a great investment partner in KKR, which has the global reach and experience to scale sales and [help] Drive company growth.

“Due diligence was higher in this round than in others… [But] We’re in a unique position in that we’ve been mostly profitable. We’re taking the money and we’re going to make a big push for growth and expansion…but we can pull the levers to get back to profitability at any time.”

I headed to the moon

Advanced Navigation, founded in 2012, began commercializing Mr. Or’s thesis research on inertial navigation based on artificial intelligence (computer navigation techniques, motion sensors, and gyro sensors to determine the location of an object) that enables robots to navigate on their own when working in environments where there is no GPS.

Its navigation systems, which are used by companies in a variety of industries including defense, automotive, agricultural and aviation, are more accurate, reliable and much smaller than other existing products.

It has created products for land, sea, air and space and has deployed more than 35,000 robotics solutions for companies such as Airbus, Boeing, Tesla, Google, Apple and General Motors.

The company will be the first Australian company to reach the moon as part of NASA’s Lunar Commercial Payload Services initiative, after securing a contract with US space company Intuitive Machines.

“We see a huge opportunity for the company to leverage KKR’s global network, operational expertise and technology investment expertise to accelerate the company’s efforts to expand globally and build its platform,” KKR Partner and Head of Growth Equity Asia Pacific said Mukul Chula.

KKR’s growth technology is jumping ahead in Australia, New Zealand, and Southeast Asia. Louis Casey will join the Advanced Navigation Council, as will KKR Global Institute CEO Vance Searchuk.

The second round of the second round of existing domestic investors also participated, including the deep technology investment fund founded by CSIRO, Main Sequence Ventures and Mr. Turnbull. The CIA has also invested in EN-Q-Tel and Alpha Intelligence Capital.

The capital increase will allow Advanced Navigation to significantly expand its global sales and marketing teams, with the business planning to double its headcount from 200 to 400 employees in the next year.

These efforts will focus on countries in the Asia-Pacific region such as Japan and South Korea, as well as accelerating growth in the United States. It will also double the size of the subsea navigation and robotics team.

Advanced navigation will also speed up R&D programs focused on robotic, navigation, photonic, and quantum sensing solutions.

In May, business Vai Photonics has been acquired by the Australian National University In a deal valued at up to $40 million, a portion of this capital raise was also earmarked for future deals.

Mr Orr said the company will also be able to access additional capital from KKR for acquisitions.

“The real key is being agile and nimble — being able to move quickly and keep an eye on the markets is the key to success,” Orr said.

“There are some exciting things going on right now. We’re doing a lot of work with a company that offers driverless trucks to move goods between warehouses… and we had a huge demand, more than we expected, for our Hydrus underwater vehicle.

“there [also] Large number of wind farm applications that use our technology to allow wind turbines to use wind energy more efficiently. “

With the capital increase, the total capital of Advanced Navigation reaches 134 million US dollars.

While companies like CiaraAnd the Employment ChampionAnd the scalapaiAnd the Zeller And the Unchangeable It managed to raise over $100 million in the first three months of the year, and since then, there have been very few nine-figure capital raises.

In June in the US he founded the NFT Market (Non-Fungible Token) based in Australia Magic Eden earned $130 Million USDwhile in October Airwallex earned $100 million.

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