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Advanced Navigation has raised $110 million in a Series C funding round aimed at expanding its positioning, navigation and timing (PNT) technology portfolio.
Airtree Ventures led the round, with participation from Quadrant Private Equity and the National Reconstruction Fund Corporation (NRFC). Existing investors — including Main Sequence, KKR, In-Q-Tel, Alpha Intelligence Capital, Malcolm Turnbull and OIF Ventures — also participated.
The Sydney-based company develops alternative positioning, navigation and timing, or PNT, systems designed to function when GPS signals are degraded or unavailable. Its products are used across defense, energy, maritime and space applications.
Chris Shaw, chief executive and co-founder, said demand for GPS-independent navigation has grown as threats such as signal jamming, spoofing and infrastructure-denied environments have become more common.
“As autonomous vehicles scale into contested and high-stakes frontiers, the world’s reliance on any single navigation technology has evolved from a technical limitation into a systemic vulnerability,” Shaw said.
The company’s customers include Anduril, the National Oceanic and Atmospheric Administration, Hanwha, BHP, Rheinmetall and Intuitive Machines. Advanced Navigation reported triple-digit revenue growth over the past year, with more than 80% of revenue generated in the United States and Europe.
The company said it plans to use the funds to establish what it calls PNT Centers of Excellence in the U.S. and European markets, embedding engineering teams in key regions to support local operations and supply chains. The investment will also support technology acquisitions in robotics, photonics, computer vision, artificial intelligence and quantum sensing.
At the center of Advanced Navigation’s product architecture is a software fusion engine called AdNav Intelligence, which combines data from multiple sensors in real time to maintain navigation accuracy when GPS is unavailable.
The company has deployed more than 100,000 systems across multiple countries.
