Emesent secures $10m from NRF to scale autonomous robotics
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The news: Queensland-based robotics company Emesent has secured $25 million in funding to accelerate the development of its autonomous intelligence platform Cortex AI and its Aura cloud software, including a $10 million investment from the National Reconstruction Fund (NRF) Corporation.
The context: The NRF funding will support Emesent’s growth initiatives including product development and batch manufacturing of large orders at its production facility in Queensland. The capital will advance its Cortex AI and Aura cloud platforms, enabling them to be customised for use on a wider range of hardware devices.
Emesent’s flagship product Hovermap is a mobile scanning unit that can be attached to drones and vehicles or used by hand to collect survey-grade data. It has already been deployed across more than 200 mine sites globally to improve operational safety and efficiency.
The NRFCs investment coincides with a recently completed $15 million SAFE Note funding round, which included backing from Main Sequence Ventures, QIC, NGS, Hostplus and Orion Resource Partners.
What they said: “By keeping the Emesent’s advanced manufacturing capabilities in Australia, [NRF Corporation] investment will help to build resilient supply chains while strengthening Australia’s sovereign capability in key sectors like advanced robotics and autonomous systems,” NRF Corporation CEO David Gall said.
The source: NRFC media release
