<article><p>In separate deals in Australia, Avoka Technologies has secured a $12 million equity investment while Cog Systems has raised a Series A round, its first external investment.</p></article>

<p>In separate deals in Australia, Avoka Technologies has secured a $12 million equity investment while Cog Systems has raised a Series A round, its first external investment.</p>
<h3>Avoka Tech raises $12m in equity funding</h3>
<p><span style="color: #000080;"><strong><a style="color: #000080;" href="https://www.avoka.com/" target="_blank" rel="noopener">Avoka Technologies</a></strong></span>, a vendor for digital customer acquisition software that caters to financial services, has raised about $12 million in equity funding from its existing institutional and professional investors in Australia.</p>
<p class="responsiveNews">The latest financing follows a similar equity raising in June 2016. The transaction was managed by <a href="http://dealstreetasia.com/tag/moelis-australia" target="_blank" rel="noopener"><span style="color: #000080;"><strong>Moelis Australia Limited</strong></span></a>.</p>
<p class="responsiveNews">Funds raised will be used to support growth plans now underway in Australia, North America and Europe.</p>
<p class="responsiveNews">According to Avoka, its customers include five of the top 10 banks in Australia, four of Europe’s 10 leading banks and eight of the top 50 banks in the United States.</p>
<h3>Cog Systems closes $2.64m Series A</h3>
<p>Australian cybersecurity startup Cog Systems has secured $3.5 million ($2.64 million) in Series A funding in its first external investment. Its new investors are Grok Ventures and <a href="http://dealstreetasia.com/tag/rampersand" target="_blank" rel="noopener"><span style="color: #000080;"><strong>Rampersand</strong></span></a>.</p>
<p>Investment proceeds of the Series A financing round will be funnelled towards marketing and further product development.</p>
<p>Founded in 2014 by CEO Daniel Potts, the cybersecurity firm deals with the security issues of the Internet of Things (IOT) sector and includes members of the software company Open Kernel Labs, which was acquired by US defence contractor General Dynamics.</p>
<p>Rampersand co-founder and managing partner Jim Cassidy said “We see a lot of IoT startups, and we’re actively searching for investment opportunities, especially now the security questions are being properly addressed.&#8221;</p>
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Avoka Technologies has secured a $12 million equity investment while Cog Systems has raised a Series A round from Rampersand and Grok Ventures.

Australia: Avoka Technologies raises $12m; Cog Systems closes Series A

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Australia: Avoka Technologies raises $12m; Cog Systems closes Series A

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