Boeing invests in Australian startup Myriota

Australian small and medium enterprises have demonstrated they are well placed to deliver defence innovation with the announcement today that an Australian startup will receive an investment from a US defence prime.

Minister for Defence Industry, the Hon Christopher Pyne MP, welcomed the announcement by US defence prime Boeing and their venture fund HorizonX Ventures that they are to invest in South Australian start-up telecommunications company Myriota. This is the first investment overseas by Boeing-backed HorizonX Ventures.