Startups are driving innovation across Australia and New Zealand, and the latest funding announcements showcase the diverse and ambitious tech ecosystem powering the region.
Here are the top funding highlights of the week:
Brisbane Robotics startup raises $5 million to enter U.S. market
Brisbane-based Convergence Medical, a medtech startup developing the world’s first arthroscopic surgical robot, has raised $5 million in a Series A funding round. The investment, led by U.S. firm Avicella Capital, values the company at over $30 million. Funds will support the commercialization of its surgical robot and expansion into the $6.1 billion global arthroscopy market.
Monash University spinout secures $27.5 million for Lithium extraction technology
ElectraLith, a mining tech startup spun out of Monash University, has raised $27.5 million in a Series A round.
CSIRO-backed Main Sequence led the round, joined by key investors such as Rio Tinto, Chevron Technology Ventures, and Breakthrough Victoria, among others. The funds will be used to advance lithium extraction technologies critical for clean energy solutions.
San Francisco’s Truewind raises $13 million for digital accounting
Truewind, a digital accounting services provider based in San Francisco, has closed a $13 million Series A funding round led by Rho Capital and Thomson Reuters Ventures. The company plans to use the funds to expand its personnel-focused accounting solutions, bringing its total funding to $17 million.
ControlMonkey secures $7 Million for cloud automation platform
Israeli cloud automation platform ControlMonkey raised $7 million in a Seed funding round led by lool ventures and Joule Ventures. Notable investors include Deepak Krishnamurthy and executives from companies like Granulate and Coralogix. The funding will further develop ControlMonkey’s end-to-end automation capabilities.
Amogy raises $56 million for Ammonia-to-Power technology
New York City-based Amogy, which specializes in ammonia-to-power solutions, raised $56 million in a round led by Aramco Ventures and SV Investment. Other backers included Samsung Heavy Industries, BHP Ventures, and Temasek. The company aims to advance its technology for sustainable energy applications.
