Meet our portfolio companies
Our portfolio is strategically small to ensure we can play an active role in the companies we invest in. We work closely with founders to provide the hands-on guidance required to transform early-stage innovation into long-term value.
H3D
H3D enterprise customers produce custom-fit medical, industrial and consumer devices (hearing and dental products) using a digital workflow consisting of 3D scanning, Computer-Aided Design (CAD) software and 3D printing. H3D's unique artificial intelligence (AI) platform removes the complex CAD software step, enabling the customers to overcome labour shortages and scale up without compromising the quality and timing. H3D launched its Audio product in 2020 and has successfully leveraged its first-mover advantage to capture the market share with a well-established customer network across Australia, Europe, and North America. In 2024, H3D launched its Dental product entering the larger global dental market.
Liquid Instruments
Liquid Instruments is digitising the world’s leading scientific and industrial labs with its software-defined lab-in-a-box platform. Its Moku suite of products is revolutionising test and measurement instrumentation market replacing traditional testing equipment with a single, easy-to-use Field-programmable gate array (FPGA)-based device and tablet interface, enhanced by advanced software. The platform is emerging as a critical enabling technology across the key sectors, including aerospace, defence, automotive, and semiconductors.
Partington.cc
Partington.cc crafts high-performance, lightweight carbon fiber bicycle wheels for luxury and professional cycling markets. It is based at and manufactures its product at a new state-of-the-art production facility in Geelong, Australia. Partington combines cutting-edge innovation and engineering to deliver world-class cycling products to a global audience.
Visionary Machines
Visionary Mashines’ high-fidelity vision sensing technology, Padndion™, creates superior 3D imagery in real time using simple 2D camera arrays and aims to empowers machine and robotic autonomy, surveillance, inspection, and maintenance. Its product suite includes passive counter drone detection, real-time actionable spatial inspection toolkit, and high-fidelity 3D representation of surrounding environment for autonomous robotics and vehicles with the applications across defence and public safety, mining, agriculture, and transportation.
Fifth Domain
Fifth Domain revolutionises cyber skills training with an AI-powered platform offering scalable, advanced cyber ranges, labs, and skills assessments. Trusted by corporations, government, and defence, it enables teams to train against global cybersecurity standards within their own domains.
Mastt
Mastt is a SaaS platform transforming construction project management by replacing spreadsheets with real-time transparency and analytics. Designed for project owners, Mastt streamlines complex portfolios, enabling instant decisions to prevent cost and time overruns, revolutionising efficiency in the construction industry.
FLAIM
FLAIM delivers immersive training solutions for emergency services, combining VR, haptics, and fire behavior expertise. With over a decade of R&D, FLAIM provides safer, realistic training to prepare frontline personnel for hazardous situations.
Vantari VR
Vantari delivers cutting-edge VR medical training solutions for critical care and cardiology. Designed for device companies, hospitals, and universities, its high-fidelity software simulates surgical environments, enabling hands-on learning with integrated tools like X-ray and ultrasound for an immersive, practice-driven experience.
Dragonfly Thinking
A decision-support software for individuals, businesses and policymakers which integrates diverse perspectives into coherent insights, enabling users to understand and solve multifaceted problems. Its artificial intelligence (AI) tools integrate proven structured analytical frameworks to enable decision-makers to navigate complex challenges and act with greater strategic foresight and clarity. Target verticals include government, big corporates, consulting, and financial services.
Additive Assurance
Additive Assurance delivers cutting-edge quality assurance for additive manufacturing, specialising in metal powder bed fusion techniques. Its patented in-situ analysis rapidly detects faults and process variations, empowering users to optimise and control their AM builds with precision. The company is scaling sales with AM businesses while also building strategic partnerships with OEMs.
Earthodic
Earthodic is a cleantech materials startup who has developed a bio-based coating solution, Biobarc™, which provides key barrier properties for paper packaging while retaining its ability to be recycled and repulped. The technology enables global industry to replace plastic packaging with a sustainable alternative without compromising on the performance characteristics and supports packaging companies – and their customers – to accelerate the adoption of circular economy production.
The Healthy Grain
The Healthy Grain commercialises patented non-GMO barley variety developed by CSIRO and characterised by substantial health benefits. Its BARLEYmax™ supergrain is rich in four prebiotic fibres and clinically proven to enhance gut health. Its nutritional benefits target major health issues in developed countries, including cardiovascular disease, colorectal cancer, diabetes, obesity, and osteoporosis, along with other wellness advantages. It serves as a premium ingredient across eight categories, including cereals and baked goods, and is available in markets such as Australia, Europe, Japan, and North America.
Eventlytics
Eventlytics empowers live music industry decision-makers with AI-driven analytics that convert complex data into strategic impact. Eventlytics is a suite of software tools that enhance event owner productivity by enabling data-driven decisions across critical areas—from talent discovery to the onsite attendee experience. By streamlining KPI reporting for sponsors and government investors, Eventlytics also helps event organisers create revenue growth opportunities beyond ticket sales. For the next generation of owners and organisers, Eventlytics is the key to more engaging, profitable events.
Wavewise Analytics
Wavewise Analytics’ innovative, non-invasive, and continuous monitoring technology is designed to empower clinicians with early detection of neurological deterioration, enabling life-saving interventions at the most critical moments. Wavewise monitoring enables better clinical outcomes, as well as lower in-hospital costs and lifetime rehabilitation costs.
ScopeIR
ScopeIR technology combines state-of-the-art machine learning innovation in infrared (IR) spectral data analysis with an extensive, commercially non-replicable, proprietary mineral and geochemical database acquired over decades by the University of Tasmania’s Center of Ore Deposit and Earth Sciences (CODES). Its hand-held tool for in-field use delivers real-time quantitative results that provide a step change in exploring for new ore bodies compared to conventional products available on the market. The technology enables next-generation cost-effective critical mining driven by efficient decision-making across the full mining life cycle and value chain.
Helfie
Helfie revolutionises healthcare with AI-powered tools for quick, affordable, and reliable diagnosis. Starting with skin cancer detection, its app analyses photos against a vast image database to provide risk profiles and connect users to certified doctors, putting advanced medical insights in everyone’s hands.
ELEMENTICE™
ELEMENTICE™ empowers businesses with customisable, automated photography workflows, including real-time image delivery, branding, watermarks, e-commerce, and cloud integration. It streamlines its customers’ operations and elevate their offerings with efficient, scalable solutions designed to “work your way” anywhere in the world.
Instaclustr
Instaclustr empowers companies of all sizes to scale applications development using its big-data database infrastructure management platform. Offering curated, scalable technologies like cloud-based databases, Instuclustr provides seamless, self-service access in minutes, enabling clients to focus on innovation while ensuring reliable performance and support. The company was sold to a US data infrastructure company, Netapp, in 2022.
Seeing Machines
Seeing Machines commercialised computer vision technology to develop an accurate human eye-tracking solution. Today, the company applies the world’s most advanced computer vision algorithms to Advanced Driver Assistance Systems (ADAS), including focus monitoring for autonomous vehicles. The company offers solutions for the automotive, commercial fleet, off-road, and aviation sectors with sales across North America, Europe, Asia-Pacific, and other regions. Seeing Machines completed its IPO on the London Stock Exchange in 2010.
Lithicon (ex Digitalcore)
Digitalcore commercialised an emerging 3D digital rock scanning technology to predict petrophysical properties, yielding results comparable to traditional large core analysis, but at a significantly lower cost and in a fraction of the time. Targeting major global players in the oil and gas industries, it merged in 2013 with a Norwegian company, Numerical Rocks, combining over two decades of R&D and resulting in a robust product offering, including complex Special Core Analysis (SCAL). The combined entity, Lithicon, was acquired in 2017 by US-based FEI Company.
Biotron
Biotron’s lead antiviral agent, BIT225, shows promise as a versatile platform drug for treating various viral infections, including HIV-1, hepatitis C, dengue fever, and SARS-CoV-2 (the virus responsible for COVID-19). The company is now advancing its product development, with HIV and hepatitis C applications currently in Phase 2 clinical trials. Biotron completed IPO on ASX in 2001.
ITL
ITL delivers innovative, reliable medical tools and supplies advancing safety and effectiveness across diverse markets. Performing in millions of procedures annually, ITL designs solutions with simplicity and precision, continuously refining them to meet the evolving demands of users and industry standards.
SIMmersion
SIMmersion specialised in 3D virtual environment products and services within the visualisation and simulation (VizSim) industry focusing on urban planning. Its patented Mycosm technology aimed to deliver advanced 3D solutions at affordable cost, leveraging the capabilities of high-end video game engines. The Mycosm product suite enabled developers and users to create, share, and monetise rich 3D content across various sectors, including engineering, education, and entertainment.
Institute of Technology Australia
The Institute of Technology Australia was a tertiary education institution offering Australian undergraduate and graduate degrees, primarily targeting developing countries. The institution had secured official accreditation in Queensland, recognised by the International Network of Accrediting Agencies, and collaborated with local education partners to deliver standardised Australian degrees, ensuring the integrity of course delivery and assessment, which was managed from Australia.
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