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Melbourne manufacturing startup backed by Virescent Ventures to scale grid safety tech

Virescent Ventures has joined an AUD 50 million funding round for Melbourne-based IND Technology, supporting the expansion of the company’s Australian-developed manufacturing of Early Fault Detection (EFD) systems for energy utilities worldwide.
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The economic forces driving manufacturing’s next cycle

Australia’s manufacturing sector entered 2026 with improving momentum, but renewed global disruption is again testing resilience across the industry.