AUSTRALIA’S FIRST geotektractor manufacturer, Aabqus, has announced it is launching a $10 million Series B round led by investment firm Greylock Partners, according to a press release.
Aabqus said it would use the funds to expand its product portfolio, while also pursuing other opportunities.
It will also launch an additional round of funding, including from Greylocks, it said.
The news comes after Greylocked announced earlier this year it had secured a $1.8 billion investment in the Australian-owned company.
The company said at the time that the funding would enable Aabruz to continue its growth strategy and to support its customers.