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 uses AI to automate the design of custom-fit hearing and dental devices, removing time-intensive manual CAD work. Its platform accelerates production, reduces dependence on specialised designers, improves consistency, and enables scalable, cost-efficient, high-quality personalised manufacturing across audio and dental industries.
Liquid Instruments
Liquid Instruments’ software-defined lab-in-a-box platform combines multiple test and measurement instruments into a single reconfigurable AI-enhanced device. It is digitising the world’s leading scientific and industrial labs enabling engineers and researchers to work faster, improve precision and reduce complexity in testing.
Partington.cc
Partington.cc designs and manufactures ultra-premium high-performance, light-weight bicycle wheels in Geelong, Australia. Built with precision engineering and carbon fibre composites, its products deliver exceptional speed, durability and performance for professional cyclists and global enthusiasts seeking elite cycling equipment.
Visionary Machines
Visionary Machines develops Pandion™, a real-time 3D vision system built from 2D cameras. It enables precise mapping and detection capabilities for autonomy, defence and surveillance, mining and transport, allowing machines to operate safely and intelligently in dynamic, complex environments.
Vantari VR
Vantari VR delivers high-fidelity virtual reality medical training. Its simulation platform lets clinicians practise procedures safely at scale, improving consistency, confidence and competence while reducing medical error and supporting better patient outcomes across healthcare settings.
Fifth Domain
Fifth Domain’s training platform provides security skills evaluation, gaps identification, training, and recommendations on team structures. Its technology is used by governments, defence agencies, enterprises, and AI builders to uplift capability, strengthen resilience, and protect against threats.
Mastt
Mastt is a cutting-edge, AI-first tool replacing multiple manual reporting with real-time project intelligence for the construction industry. It gives all stakeholders clear visibility into costs, progress and portfolio performance, improving transparency, accountability and decision-making across complex projects at scale worldwide for owners.
Additive Assurance
Additive Assurance commercialises a process monitoring and quality assurance solution for industrial metal additive manufacturing (AM). The product integrates high fidelity process data coupled with powerful machine learning algorithms, allowing real-time detection of faults and variations and enabling the user to control their AM builds.
FLAIM
FLAIM offers immersive mixed-reality training to high-risk professionals, combining realistic fire and hazard simulations with advanced haptics. Its focus areas include fire and emergency response, defence, oil and gas, and workplace safety, allowing personnel to safely practice high-risk scenarios, improving readiness and decision-making.
Dragonfly Thinking
Dragonfly Thinking is an AI-driven decision-support software that combines structured analysis with broad perspective gathering. It helps businesses and policymakers tackle multifaceted problems, navigate complex challenges and make well-informed strategic choices in uncertain or rapidly changing environments.
Earthodic
Earthodic develops bio-based coating solutions providing key barrier properties for paper packaging while retaining its recyclability. The novel coating aims to enable the global packaging industry to accelerate the adoption of circular economy production models at scale.
The Healthy Grain
The Healthy Grain commercialises BARLEYmax™, a patented barley variety developed by CSIRO with proven health benefits. Rich in four prebiotic fibres, it is clinically shown to improve gut health. Used as a premium food ingredient, it delivers science-backed nutrition into everyday diets.
Talentsheet
Talentsheet is an AI-powered tool for social media analysis to help select the talent, influencers and brand partners that will drive the most audience activation. It reveals diverse audience preference data, helping teams research and compare opportunities in a collaborative, live-data workspace.
Wavewise Analytics
Wavewise Analytics develops a sensing technology for non-invasive brain monitoring for early signs of stroke, brain bleed or brain oedema in critically ill patients. It enables proactive clinical intervention, improving patient outcomes and efficiency in hospital settings across acute care.
ScopeIR
ScopeIR technology combines infrared spectral data analysis with an extensive, proprietary mineral and geochemical database. It provides real-time, high-precision data in the field, enhancing accuracy, speeding up discovery, and enabling geologists to make more informed exploration decisions.
Helfie
Helfie AI is a health technology platform that uses advanced artificial intelligence to deliver rapid, affordable health checks through a smartphone. Its accessible, preventive approach enables early detection and supports the expansion of digital healthcare.
ELEMENTICE™
ELEMENTICE™ automates professional image workflows with watermarking, real-time delivery and e-commerce tools. It improves efficiency, consistency and scalability for photographers and organisations managing large volumes of branded visual content globally.
Instaclustr
Instaclustr provides managed open-source data infrastructure for cloud applications, improving scalability, reliability and performance. The technology simplifies complex database management for organisations and was acquired by NetApp in 2022
Seeing Machines
Seeing Machines applies advanced computer vision algorithms to monitor drivers and pilots, improving transport safety across automotive, aviation and fleet industries. Listed on the London Stock Exchange since 2010, it continues to lead in vision-based safety technology worldwide, including focus monitoring for autonomous vehicles.
Lithicon (ex Digitalcore)
Lithicon developed advanced 3D digital rock imaging technology that transformed geological analysis by predicting petrophysical properties faster and at a significantly lower costs. Acquired by Thermo Fisher Scientific (former FEI) in 2017, it reshaped subsurface exploration and improved efficiency in energy and mining.
Biotron
Biotron develops antiviral drugs targeting HIV, hepatitis C and emerging viruses using innovative Australian research. Its lead compound, BIT225, shows promise in global infectious disease treatment. The company is listed on the ASX since 2001, with a long-term clinical focus.
ITL
ITL designs and manufactures precision medical devices used in millions of procedures worldwide. Its products improve clinical safety, efficiency and patient outcomes, earning a global reputation for quality, reliability and continuous innovation in healthcare technology.
SIMmersion
SIMmersion specialised in 3D virtual environment products for urban planning within the visualisation and simulation industry. Its patented Mycosm technology delivered affordable, game engine based 3D solutions for engineering, education and entertainment.
Institute of Technology Australia
The Institute of Technology Australia delivers tertiary accredited education programs in partnership with international providers, expanding access to high-quality Australian qualifications. It builds education capacity in developing countries through globally recognised learning pathways.
Ringwood Superabrasives
Ringwood Superabrasives manufactured ultra-hard polycrystalline diamond materials for cutting, drilling and thermal management. Its patented low-pressure process achieved cost savings and superior performance across industrial, scientific and medical applications. The technology was sold to amajor global player.
Intology
Intology created Klarity, a software that analyses and summarises documents to enhance organisational productivity and information management. Acquired by Kaz Technology Services in 2007, it contributed to the evolution of intelligent content analysis and enterprise knowledge systems.
RPO
RPO commercialised optical polymer technologies for touchscreens that reduced glare, power use and cost. Its innovations gained adoption by major clients including Nintendo, strengthening Australia’s global footprint in display technology.
Perpetual Water
Perpetual Water developed greywater recycling systems for apartments and gardens, addressing water scarcity with compact, low-energy treatment units. Its sustainable purification technology aimed to support efficient resource use in Australia and other drought-affected regions worldwide.
Dosimetry & Imaging (D&I)
D&I develops phosphor-based radiation dosimeters that provides instant readings without laboratory processing. Used in civilian, medical and defence applications, its innovation improved safety, responsiveness and monitoring accuracy for environments and personnel with radiation exposure.
TransACT
TransACT was a Canberra-based Australian telecommunications provider delivering broadband, fixed telephony, pay television and wholesale network services. It built advanced fibre networks, served government, business and residential customers across regions, and was acquired by iiNet.
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