Advanced Navigation says it has raised AU$158 million in a Series C funding round to expand its positioning, navigation and timing (PNT) technology aimed at operations in GPS-denied or contested environments.
The company said the round was led by Airtree Ventures, with participation from Quadrant Private Equity and the National Reconstruction Fund Corporation (NRFC). It added that existing backers include Main Sequence, KKR, In-Q-Tel, Alpha Intelligence Capital, The Hon. Malcolm Turnbull AC and OIF Ventures.
The funding comes as governments and defence primes increase focus on navigation resilience amid heightened concerns about electronic warfare, GPS jamming and spoofing. PNT assurance has become a strategic dependency for military platforms and critical infrastructure operators, as disruptions can undermine mission execution, safety and operational continuity.
Advanced Navigation said it plans to use the capital to accelerate development and scaling of what it describes as mission-critical PNT solutions across defence use cases including air defence systems, mobile radar, counter-drone systems, and armoured and tactical vehicles. It also flagged potential targeted acquisitions to expand capabilities across robotics, photonics, vision, artificial intelligence and quantum sensing.
According to the company, it will expand manufacturing and production in Australia and establish “PNT Centres of Excellence” in the United States and Europe to support customers and strengthen supply-chain resilience.
Chris Shaw, CEO and co-founder of Advanced Navigation, said reliance on a single navigation technology has become “a systemic vulnerability” as autonomous platforms expand into contested environments.
The company also said it has deployed more than 100,000 systems and that more than 80% of its revenue is generated in the US and Europe.
Barrenjoey acted as strategic financial adviser to Advanced Navigation on the transaction.
