# BinaryTech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/binarytech

- Industry: Semiconductors
- Headquarters: North Wollongong, Australia
- Website: www.binarytech.io/
- Total disclosed funding: $1.4M
- Latest round: Seed (Jan 19, 2021)
- Investors on record: 4

## About

Based in New South Wales, Australia, and founded in 2016, BinaryTech operates as a provider of IoT-based solutions for various industrial applications like monitoring kegs, medical samples, and waste management assets. In 2021, BinaryTech raised USD 1.8 million in seed funding led by returning investor Artesian Ventures, with participation from investor Beachhead Venture Capital and individual investors. BinaryTech includes sub-brands like BinaryBeer, BinaryMed, and BinaryLoop. Some of the company’s customers include Healius, Vodafone, Roche, Hitachi Vantara, Asahi, etc. As of May 2024, the company is being led by its CEO, Michael Burton, COO, Brooke Burton, and CFO, Ellie Lezcano. 

The firm offers solutions leveraging 5G technology to offer scalable, ultra-low-power sensors that enhance geolocation and connectivity. The firm’s end-to-end IoT (Internet-of-Things) ecosystem includes device manufacturing, firmware, cloud algorithms, and end-user platforms. BinaryTech provides bespoke solutions tailored to specific industry needs, ensuring integration and global reach.

## Funding rounds

- Seed, Jan 19, 2021, $1.4M — Artesian, Beachhead Venture Capital, Kif Holdings Pty Ltd, Roman Empire Pty Ltd

## Investors

- Artesian (https://capitalatlas.ai/funds/artesian) — Seed
- Beachhead Venture Capital (https://capitalatlas.ai/funds/beachhead-venture-capital) — Seed
- Kif Holdings Pty Ltd — Seed
- Roman Empire Pty Ltd — Seed