Emesent secures A$25M financing package for autonomous mapping scale-up
Emesent secured an A$25M financing package, including A$10M in venture debt from the National Reconstruction Fund Corporation and a recently completed A$15M SAFE Note round.
Evidence notes
- The NRFC said funds will support product development, Wacol batch manufacturing and the Cortex AI software platform.
- The A$15M SAFE Note included Main Sequence Ventures, QIC, NGS, Hostplus and Orion Resource Partners.
- Emesent’s Hovermap stack is used for GPS-denied mapping across mining, infrastructure, defence and critical environments.
Company context
Autonomous mapping company behind Hovermap, a LiDAR and SLAM payload used on drones, handheld systems and mobile robots.