Advanced Navigation, a global company in navigation and autonomous systems, has raised US$110 million (AU$158 million) in a Series C funding round. This funding comes at a time when there is growing global demand for alternative Positioning, Navigation, and Timing (PNT) technologies.
The round was led by Airtree Ventures, with support from Quadrant Private Equity and the National Reconstruction Fund Corporation (NRFC). They join existing investors such as Main Sequence, KKR, In-Q-Tel, Alpha Intelligence Capital, Malcolm Turnbull, and Our Innovation Fund.
“As autonomous vehicles scale into contested and high-stakes frontiers, the world’s reliance on any single navigation technology has evolved from a technical limitation into a systemic vulnerability. To power the next generation of autonomous systems, Advanced Navigation is combining deep learning software with high-precision hardware to help systems conquer the extremes across sea, land, air and space.” said Chris Shaw, CEO and Co-founder at Advanced Navigation.
The company’s “hard tech” approach to navigation has helped it become a trusted partner for major global defence and technology companies like Anduril, NOAA, Hanwha, BHP, Rheinmetall, and Intuitive Machines.
After a year of strong growth, the company is now focusing on expanding globally. It is increasing its operations and engineering teams, especially in the U.S. and Europe.
The company was founded in 2012 and has deployed more than 100,000 systems around the world. It has also achieved strong, triple-digit revenue growth in the past year.
More than 80% of its revenue comes from customers in the U.S. and Europe, including many well-known companies in the defence and deep tech sectors.
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