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- Advanced Navigation
Advanced Navigation Revenue, Valuation, Funding & Investors
Advanced Navigation is valued at $710M as of March 2026, a 18.8x multiple on its last reported $38M revenue.
Last Advanced Navigation valuation
$710M
Series C · Mar 2026
Last Advanced Navigation funding round
$110M
Series C · Mar 2026
Advanced Navigation revenue
$38M
Series C · Mar 2026
Key investors in Advanced Navigation
Main Sequence Ventures
OIF Ventures
KKR
IQT
Alpha Intelligence Capital
Malcolm Turnbull
About Advanced Navigation
Advanced Navigation is a Sydney-based developer of navigation systems and robotics technologies. The company produces GNSS-aided inertial navigation systems like Boreas and Certus, along with acoustic positioning tools such as Subsonus, serving applications in autonomous vehicles, drones, marine vessels, and defense platforms. Advanced Navigation integrates sensors, RF technologies, AI algorithms, and software for high-precision positioning in GNSS-denied environments. Founded in 2012, it exports products to over 40 countries and maintains production facilities in Australia.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
Revenue
$38M (Mar 2026)
Valuation
$710M (Mar 2026)
Advanced Navigation Valuation
Advanced Navigation is currently valued at $710M, based on its Series C in March 2026.
The $110M round was led by Airtree Ventures, with participation from KKR, Main Sequence Ventures, Julian Mann, Malcolm Turnbull, Quadrant Private Equity and 3 other investors.
Advanced Navigation valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2026 | Series C | $710M | 18.8x |
Advanced Navigation Revenue
Advanced Navigation's latest recorded revenue is $38M, as of its Series C in March 2026. At a $710M valuation, that implies a 18.8x revenue multiple.
Advanced Navigation revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2026 | $38M | $710M | 18.8x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Advanced Navigation Funding History
Advanced Navigation has raised a total of $199M across 4 funding rounds.
Advanced Navigation's first fundraising round was a $2M Series A in January 2017. The most recent completed round was a $110M Series C in March 2026.
Advanced Navigation funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2026 | Series C | Airtree Ventures (lead); KKR; Main Sequence Ventures; Julian Mann; Malcolm Turnbull; Quadrant Private Equity; OIF Ventures; National Reconstruction Fund Corporation; Alpha Intelligence Capital | $110M | $710M | Advanced Navigation secured A$158 million (US$110 million) in a Series C funding round led by Airtree Ventures, propelling the autonomous systems developer to unicorn status with a valuation exceeding $1 billion. The capital will support international expansion and the establishment of PNT Centers of Excellence amid surging demand for GPS-independent technologies. |
| Nov 2022 | Series B | KKR (lead); Main Sequence Ventures; Malcolm Turnbull; OIF Ventures; IQT; Alpha Intelligence Capital | $73M | - | Advanced Navigation is a Sydney-based developer of AI-enabled robotics and navigation technology, specializing in precise, resilient positioning, navigation, and timing (PNT) solutions using neural networks and deep learning algorithms for applications in sea, land, air, space, and underwater autonomous systems. The company launched products like the Hydrus autonomous underwater drone earlier in 2022. In November 2022, it announced a Series B funding round of US$68 million (AUD$108 million) led by KKR, with participation from new investor Alpha Intelligence Capital and existing investors Main Sequence Ventures, Malcolm Turnbull, In-Q-Tel (IQT), and Our Innovation Fund (OIF Ventures), bringing total funding raised to over US$85 million (or up to AUD$134 million per some reports). KKR's involvement included adding board members Louis Casey and Vance Serchuk, with General David Petraeus chairing a new advisory council for global expansion. Funds were allocated to accelerate R&D in robotic, navigation, photonic, and quantum sensing technologies, enhance global sales and marketing, and pursue inorganic growth opportunities. |
| Nov 2019 | Series A | Main Sequence Ventures (lead); Dysruptek; Upswell Ventures; Brick & Mortar Ventures; IQT | $13M | - | Advanced Navigation raised $13 million in a Series A funding round in November 2019, led by Main Sequence Ventures' CSIRO Innovation Fund, with participation from Brick & Mortar Ventures, In-Q-Tel, and Our Innovation Fund. The Australian-based robotics and AI sensor company used the capital to fund global expansion and accelerate research and development programs for navigation and autonomous systems technologies. The company went on to raise subsequent funding rounds including a $68 million Series B in November 2022 led by KKR, and most recently a $110 million Series C in March 2026 led by Airtree Ventures. By the time of the Series C round, Advanced Navigation had deployed over 100,000 systems worldwide and achieved triple-digit revenue growth, with more than 80% of revenue generated in the United States and Europe. |
| Jan 2017 | Series A | OIF Ventures (lead); Salus Ventures | $2M | - | Advanced Navigation, an Australian deep-tech company specializing in AI-based inertial navigation and robotics, reached a pivotal early milestone in January 2017 by securing its foundational venture backing from OIF Ventures. This early capital injection from OIF's 2016 fund validated the startup's core software fusion engine and high-precision sensor hardware, laying the groundwork for its subsequent commercial scaling. The momentum generated in 2017 acted as a springboard for the company's future growth, eventually positioning it to expand its product architecture across global defense, aerospace, and maritime markets and secure massive subsequent rounds, such as its $20 million Series A in 2019 and a blockbuster $110 million Series C. |
Who has invested in Advanced Navigation?
14 investors have backed Advanced Navigation across its funding rounds, including Main Sequence Ventures, OIF Ventures, KKR, IQT, Alpha Intelligence Capital and Malcolm Turnbull.
Lead investors include Airtree Ventures, KKR, Main Sequence Ventures and OIF Ventures.
Advanced Navigation Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Nov 2019 | ||
| 3 | Lead | Jan 2017 | ||
| 2 | Lead | Nov 2022 | ||
| 2 | Participant | Nov 2022 | ||
| 2 | Participant | Nov 2019 | ||
| 2 | Participant | Nov 2022 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Mar 2026 | ||
| 1 | Participant | Jan 2017 | ||
This data is available for Pro users. Sign up to see all 14 Advanced Navigation investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Advanced Navigation
Advanced Navigation has acquired 1 company to date.
Last acquisition by Advanced Navigation was on May 5th 2022. Advanced Navigation acquired Vai Photonics for $40M.
Latest Acquisitions by Advanced Navigation
| Description | Vai Photonics is a Glasgow-headquartered developer of photonic integrated circuits for navigation systems. The company advances inertial measurement units that surpass Global Navigation Satellite System dependency through superior accuracy and resilience. Vai Photonics manufactures silicon photonics chips for aerospace, automotive, and defense applications. Its technology integrates lasers, modulators, and detectors on single chips for compact, low-power navigation solutions. |
| HQ Country | |
| HQ City | Canberra |
| Deal Date | 5 May 2022 |
| Valuation | $40M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Advanced Navigation acquisitions and their M&A valuation multiples. Start Free Trial | |
Advanced Navigation Competitors
Advanced Navigation competitors include listed companies like UBtech Robotics and Kodiak AI, and private ones like Roadstar.ai, AutoAI, Forterra and Heven AeroTech.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Publicly listed | $4M | ($577M) | $768M | 98.7x | ||
| Private | - | - | $600M | - | ||
| Private | - | - | $570M | - | ||
| Private | - | $82M | $1B | - | ||
| Private | - | - | $1B | - |
Advanced Navigation Public Comps
Advanced Navigation is still privately-owned, but its public comps include RoboStrategy, Huayan Robotics, Kodiak AI, Reconova Technologies, SEER Robotics, ECARX Group, Extreme Vision, Swarmer, Volatus Aerospace and Palladyne AI.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| - | - | - | - | - | - | |||
| $58M | ($4M) | 12.8x | 9.5x | (184.5x) | (3194.4x) | |||
| $4M | ($577M) | 233.9x | 98.7x | (1.5x) | (6.6x) | |||
| $66M | ($8M) | 10.0x | - | (82.0x) | - | |||
| $66M | ($6M) | 13.2x | - | (156.2x) | - | |||
| $848M | ($23M) | 1.1x | 0.9x | (40.7x) | 60.0x | |||
| $44M | ($6M) | 22.8x | 11.6x | (163.7x) | - | |||
| $310K | ($8M) | 1023.2x | 101.7x | (37.3x) | (29.1x) | |||
This data is available for Pro users. Sign up to see all Advanced Navigation competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Advanced Navigation
| When was Advanced Navigation founded? | Advanced Navigation was founded in 2010. |
| Where is Advanced Navigation headquartered? | Advanced Navigation is headquartered in Sydney, Australia. |
| Is Advanced Navigation publicly listed? | No, Advanced Navigation is a private, VC-backed company. |
| What is Advanced Navigation's valuation? | Advanced Navigation was last valued at $710M in its Series C in March 2026. |
| How much funding has Advanced Navigation raised? | Advanced Navigation has raised $199M across 4 funding rounds. |
| What was Advanced Navigation's last funding round? | Advanced Navigation's last funding round was a $110M Series C in March 2026, led by Airtree Ventures. |
| Who are Advanced Navigation's investors? | Advanced Navigation's investors include Main Sequence Ventures, OIF Ventures, KKR, Malcolm Turnbull, IQT, Alpha Intelligence Capital, Dysruptek, Upswell Ventures, Julian Mann, Brick & Mortar Ventures and 4 others. |
| What is Advanced Navigation's revenue? | Advanced Navigation's latest recorded revenue is $38M (March 2026). |
| What is Advanced Navigation's revenue multiple? | Advanced Navigation's latest valuation implies a 18.8x revenue multiple ($710M valuation on $38M of revenue). |
| Which companies are comparable to Advanced Navigation? | Companies comparable to Advanced Navigation include UBtech Robotics, Kodiak AI, Roadstar.ai, AutoAI, Forterra and Heven AeroTech. |
| How many companies has Advanced Navigation acquired? | Advanced Navigation has acquired 1 company, including Vai Photonics. |
| What was the largest acquisition by Advanced Navigation? | The $40M acquisition of Vai Photonics in May 2022 is the largest acquisition Advanced Navigation has made to date. |
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