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Funded Hardware Startups in Australia

Disclosed round sizes in this Australia hardware slice show one clear outlier: Fleet Space Technologies’ $100M Series D on 2024-12-11, which sits well abov…

Disclosed round sizes in this Australia hardware slice show one clear outlier: Fleet Space Technologies’ $100M Series D on 2024-12-11, which sits well above the rest of the disclosed amounts. The next tier includes Morse Micro at $58M (2025-09-27), Seeing Machines at $33M (2024-12-23) and Quantum Brilliance at $30M (2024-12-10), while several other rows are in the single-digit millions (e.g., SpaceDraft $1M on 2022-03-10; Internet 2.0 $5M on 2022-09-13).

Rounds also cluster by geography and time. New South Wales appears repeatedly (Hullbot in Rozelle; Morse Micro and Baraja in Sydney/Surry Hills; High Earth Orbit Robotics in Sydney; Thinxtra in Alexandria; AirTrunk is listed as North Sydney), and the calendar tightens in late 2024: nine of the 17 rows have round dates in 2024 (including four within 2024-12-10 to 2024-12-23). Stage reporting is split between named stages and missing data: there are 6 “Series Unknown” entries and 3 “undisclosed” amounts among the 17 most recent rows (covering companies such as AirTrunk on 2024-09-04 and GigaComm on 2024-02-08). The date range runs from 2021-11-25 (Fastbrick Robotics, Post-IPO Equity) to 2025-11-04 (Hullbot, Series A).

Most recent rounds

17 shown

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Frequently asked

Which disclosed round is the outlier in these recent Australian hardware deals, and how far above the next-largest disclosed amount it sits?

Fleet Space Technologies’ $100M Series D on 2024-12-11 is the only disclosed round above $50M in the shown rows. The next-largest disclosed amount is Morse Micro’s $58M on 2025-09-27, with the following tier including Seeing Machines at $33M (2024-12-23) and Quantum Brilliance at $30M (2024-12-10).

How concentrated are round dates in late 2024, based on the entries shown?

There is a tight late-2024 cluster: five rows fall between 2024-12-10 and 2024-12-23 (Quantum Brilliance $30M on 2024-12-10; Fleet Space Technologies $100M on 2024-12-11; Vault Cloud $23M on 2024-12-19; Seeing Machines $33M on 2024-12-23; plus a nearby 2024-12-19/2024-12-23 cadence). More broadly, nine of 17 rows have dates in 2024, compared with earlier years like 2023 and 2022.

Do any states/cities appear disproportionately, especially for New South Wales?

New South Wales is the most repeated geography in the list: multiple entries are in Sydney/Surry Hills/Alexandria/Rozelle (e.g., Hullbot in Rozelle 2025-11-04; Morse Micro in Surry Hills 2025-09-27; High Earth Orbit Robotics in Sydney 2023-08-21; Thinxtra in Alexandria 2023-06-01; Baraja in Sydney 2023-04-24). Other states appear but less frequently (Victoria includes GigaComm 2024-02-08 and Smileyscope 2023-10-03; Western Australia includes SpaceDraft 2022-03-10 and Fastbrick Robotics 2021-11-25).

What stage mix dominates, and how much is missing/undisclosed?

Named stages are present across the list (e.g., Series A: Hullbot 2025-11-04; High Earth Orbit Robotics 2023-08-21; Quantum Brilliance 2024-12-10), but reporting is incomplete: there are 6 “Series Unknown” rows (such as AirTrunk on 2024-09-04 and GigaComm on 2024-02-08) and 3 rows with “undisclosed” amounts (including AirTrunk, GigaComm, and Smileyscope). Several notable large rounds do have disclosed amounts, like Fleet Space Technologies’ $100M and Morse Micro’s $58M.

Are there recent deals concentrated in the latest part of the timeline (e.g., last ~90 days from the most recent date shown)?

Using the latest row date of 2025-11-04 (Hullbot), the only other entries within roughly the prior three months are the 2025-09-27 round for Morse Micro at $58M; the next most recent disclosed/undisclosed dates are 2024-12-23 and earlier. The table therefore shows a relatively sparse late-2025 cluster beyond the top two entries.

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