tech
Perth Tech Funding Surge Mirrors National Investment Growth Patterns
Local startups have drawn A$52 million in fresh capital this quarter as broader trends in household AI tools and productivity hardware gain traction.
How we reported this
Perth-based AI firm Lattice Labs closed a A$18 million Series B round on July 9, led by local venture outfit Swan Capital and backed by two interstate funds.
The round follows OpenAI’s push into family-oriented subscriptions and hardware makers betting on camera-free glasses, both of which have lifted investor appetite for applied AI in Australia. Perth companies that integrate these technologies into mining services and remote-health platforms now sit at the centre of that capital flow.
Capital flows through Subiaco and East Perth
Swan Capital’s office on Hay Street in Subiaco hosted the term-sheet signing. Lattice Labs itself operates from a converted warehouse on Brown Street in East Perth, where it shares floor space with two other portfolio companies supported by the state’s Innovation Vouchers program. Those vouchers, worth up to A$20,000 each, have been claimed by 47 Perth firms since January.
The funding allows Lattice Labs to hire 12 engineers by December and expand its pilot with Royal Perth Hospital’s telehealth unit, which runs on the company’s scheduling algorithm.
Numbers behind the local pipeline
State government data released last week show Perth startups raised A$87 million in the first half of 2026, up 34 percent from the same period last year. Average round size climbed to A$6.4 million. Lattice Labs’s valuation reached A$92 million post-money, according to documents filed with the Australian Securities and Investments Commission on July 10.
Founders planning their next capital raise can book a 30-minute slot with the WA Investment Attraction Agency at its St Georges Terrace counter before the end of July. Slots are released each Monday at 9 a.m. and typically fill within four hours.