Headquarters: Sydney, Australia
Countries of operation: 5 countries
10+ thousand
unit production
per month
30+ patents
Lowest thermal noise in low cost sensor
Only edge AI solution for thermal sensors
“Taronga Ventures has been with us on our journey from prior to our Series A. Taronga Ventures has deep expertise in the real asset industry globally, is ahead of the trends and understands what our customers are looking for, which has enabled us to develop our technology to suit industry demand and help drive our success in the market. As a hands-on investor, the team have assisted us with overall company strategy, customer introductions and invaluable mentorship. We look forward to achieving our goals with Taronga Ventures’ continued support.”
Marek Steffanson,
Founder & CEO, Calumino
Before investment
Taronga Ventures first engaged with Calumino when the technology was still in its research and development phase. Commercialisation was limited to demonstrative pilots in the aged care sector only and the company had not identified its range of possible use cases.
Taronga Ventures strategic support
Taronga Ventures’ strategic support for Calumino has extended from pre-commercialisation phase to the current growth phase of the company. Taronga Ventures’ support included advice to the founder on company building and leadership, as well as operating model design and team structuring. The team also assisted with introduction of strategic third-party capital and support with negotiation of key production and distribution agreements.
Value created
Calumino raised US$15M+ based on Taronga Ventures’ strategic introductions and support and the company has grown from 10 people to 50+ in 18 months. Calumino is now launching product across 15 projects in 4 countries in the first month of mass-roll out.
About Calumino
Calumino develops low-cost, high-performing thermal cameras with integrated AI computer vision. The technology extracts data from heat signatures of humans and objects in a privacy non-intrusive way with applications across smart buildings, aged care, security and fire safety industries. For more information, visit https://calumino.com/.
Source: Calumino October 2023
