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Deep Tech · Defence · Funding · Navigation
Advanced Navigation, a Sydney-based deep tech scaleup, has successfully closed a $158 million Series C funding round, marking one of Australia's largest deep tech raises.
The round was led by Airtree Ventures, with significant participation from Quadrant Private Equity and the National Reconstruction Fund Corporation (NRFC), which contributed $50 million. Founded in 2012, the company specializes in resilient positioning, navigation, and timing (PNT) solutions, critical for environments where GPS signals are unreliable or absent due to jamming, spoofing, or physical limitations.
With over 100,000 systems deployed globally and triple-digit revenue growth, more than 80% of its income originates from the US and Europe, serving a prestigious client base in defence and deep tech. This capital infusion will establish PNT Centres of Excellence in the US and Europe, integrating Australian-built capabilities directly into allied nations' supply chains.
The investment underscores the growing global demand for robust navigation systems, particularly in light of increasing GPS vulnerabilities observed in conflict zones, and positions Advanced Navigation as a key player in the future of autonomous systems.