Stormwater and sewerage pipelines infrastructure repair and maintenance provider VAPAR, which utilises artificial intelligence (AI) and machine learning (ML) to automate condition assessments, has raised $700,000 in seed funding.
Increasing foreign investment in venture capital, particularly at the early and seed stages, could give industry and innovation the critical boost it needs, generating greater economic benefits to Australia including higher employment and more patents, according to one of the country’s fund managers.
Luxembourg-based, satellite technology company Kleos Space has signed an authorisation to proceed with GomSpace to launch an initial satellite system, ahead of its listing on the Australian Securities Exchange in May.
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