Perth-founded Advanced Navigation has proven Western Australian technology can generate extraordinary wealth, with new disclosures showing its two founders are each closing in on $200 million fortunes.
The mining magnate has sold a block of riverfront land next to the Hancock family mansion in Dalkeith, after years of listing the site on and off the market.
Advanced Navigation plans to scale-up its high-tech production site in Balcatta as part of a global expansion focused on technology that effectively replaces GPS.
Perth-founded Advanced Navigation and The University of Western Australia will receive a share of $40 million funding ahead of NASA's planned return of astronauts to the moon in 2025.
A Perth-linked tech company that has worked with Boeing and Google, and counts Malcolm Turnbull as a backer, has secured $108 million from investors including KKR.
Former prime minister Malcolm Turnbull has joined the board of a Perth-created tech business with clients including NASA and Tesla, Advanced Navigation.
A startup founded in Perth has attracted former prime minister Malcolm Turnbull as an investor as it targets a planned unicorn valuation within three years.
