ExoFlare has plans to build a global biosecurity tech firm, modelled on international cybersecurity players, and has big-name backers watching as it helps tackle bird flu.
Already a subscriber?Woolworths’ venture capital firm W23, the co-founders of supermarket chain Harris Farm, the family office of Tesla chairwoman Robyn Denholm and Australian venture capital fund Salus Ventures are among backers of an Australian start-up that plans to build cybersecurity style protection in the biosecurity realm.
”At the minute, you may have a centre of excellence somewhere focused on a particular class of invasive species, or a top research group focused on foot and mouth disease, but there is no infrastructure to integrate it.“We are not replacing any tech systems already in use today, if anything we are replacing handwritten forms.”Some high net worth investors provided pre-seed funding, and contributed to its fresh seed round of $5.3 million, which Salus Ventures led.
It has appealed to investors in the grocery sector, in the same way that cyber and fraud defence technology has previously appealed to investors in the financial services sector.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coles, Woolies face multibillion-dollar fines under new mandatory codeTreasurer Jim Chalmers has agreed to adopt all 11 recommendations of Craig Emerson’s review into the Food and Grocery Code of Conduct.
Read more »
Supermarket prices: Shunning Coles, Woolies could save shoppers 25 per cent on groceries, Choice saysA basket of everyday groceries is $17 cheaper at Aldi, research by consumer group Choice shows, with little difference between the big two supermarket chains.
Read more »
Tassal puts forward expansion plans for more leases at its Cone Bay Barramundi farmTassal wants to multiply its west Kimberley barramundi farming by more than tenfold in a proposal that has been scaled back from a previous bid.
Read more »
‘Girls deserve better’: Billionaire businessman, Tesla chair take over WNBLBillionaire Larry Kestelman and Telsa Motors chair Robyn Denholm will overhaul the Women’s National Basketball League after striking a deal with Basketball Australia.
Read more »
‘Girls deserve better’: Billionaire businessman, Tesla chair take over WNBLBillionaire Larry Kestelman and Telsa Motors chair Robyn Denholm will overhaul the Women’s National Basketball League after striking a deal with Basketball Australia.
Read more »
‘Girls deserve better’: Billionaire businessman, Tesla chair take over WNBLBillionaire Larry Kestelman and Telsa Motors chair Robyn Denholm will overhaul the Women’s National Basketball League after striking a deal with Basketball Australia.
Read more »