Funded Artificial Intelligence Startups in Melbourne
Melbourne's AI funding activity across the 10 most recent rounds spans from Operata's $2M Seed in August 2021 through Qsic's $25M Series B in January 2025.
Melbourne's AI funding activity across the 10 most recent rounds spans from Operata's $2M Seed in August 2021 through Qsic's $25M Series B in January 2025. Seed rounds account for five of the ten deals — including XY Sense ($8M, July 2022), black.ai ($4M, June 2022), SpatialGPT.ai ($3M, May 2024), and Brane (undisclosed, July 2023) — reflecting a pipeline still weighted toward early-stage bets. The two largest disclosed rounds both sit at Series B: Qsic at $25M and Apromore at $15M, with Apromore closing in August 2024 and Qsic in January 2025.
Application areas range widely — Heidi Health targets clinical documentation (Series A, $6M, October 2023), Cipher Sports Technology Group applies AI to sports analytics (Series A, $5M, July 2022), and Operata focuses on contact center performance intelligence. That breadth suggests Melbourne's AI ecosystem is not concentrated in a single vertical.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among Melbourne AI startups in this data?
Qsic leads with a $25M Series B closed January 28, 2025, followed by Apromore at $15M Series B (August 2024) and Affinda at $10M in a round of undisclosed stage (June 2024). Those three deals account for $50M of the disclosed capital across the ten most recent rounds.
Which funding stage appears most often in this segment?
Seed rounds account for five of the ten deals — Operata, XY Sense, black.ai, Brane, and SpatialGPT.ai — making it the dominant stage by count. Series A and Series B each appear twice, with one round (Affinda) listed as Series Unknown.
What industries are these Melbourne AI companies targeting?
The ten companies span healthcare documentation (Heidi Health), business process mining (Apromore), sports analytics (Cipher Sports Technology Group), workplace occupancy sensing (XY Sense), contact center operations (Operata), and spatial intelligence (SpatialGPT.ai). No single vertical dominates the set.
How recent is the funding activity shown for Melbourne AI startups?
The most recent round is Qsic's $25M Series B from January 28, 2025. Four of the ten rounds closed between May 2024 and January 2025, while the oldest deal shown is Operata's $2M Seed from August 2021.
Which companies here have reached Series B?
Two companies in this data have closed Series B rounds: Qsic ($25M, January 2025) and Apromore ($15M, August 2024). Both rounds closed within roughly six months of each other.
What is the typical deal size for Seed-stage Melbourne AI startups in this data?
Among the four Seed rounds with disclosed amounts, sizes range from $2M (Operata, August 2021) to $8M (XY Sense, July 2022). Brane's Seed round from July 2023 did not disclose an amount.
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