A tech platform that helps doctors transcribe medical notes faster from conversations with patients has raised $12 million, valuing the two-year-old startup at $50 million. The round for Melbourne-based Lyrebird Health was led by Five V Capital and UK fund Octopus Ventures, with support from Startmate. The AI-powered medical scribe generates clinical documentation from patient-doctor… Read more »
Just as Techstars Sydney MD Christie Jenkins was about to go hiking in Patagonia, taking her offline for 10 days, she got a call from Sir Richard Branson’s Caribbean retreat, Necker Island. They wanted the acclaimed athlete to speak there. It was “a pinch me moment to be on stage talking about investing in women’s… Read more »
Three months of hard work building deep tech startups came to a climax today when their founders told their stories at CSIRO’s ON Accelerate showcase in Melbourne. The ninth cohort of the national science agency annual program to support founders from Australian universities and CSIRO itself featured 11 finalists, spanning drug development, healthcare delivery, and… Read more »
The Business Council of Australia doesn’t see artificial intelligence (AI) as a chance to improve CEO bonuses by firing a company’s workers, but rather a chance to finally lift national productivity after decades of stagnation. The industry lobby group has released a report, Accelerating Australia’s AI Agenda, arguing AI has the potential to reverse Australia’s… Read more »
Superannuation and share trading platform Superhero has pocketed $11 million in fresh capital, which increasing its valuation by $22.5 million in just three months. The new cash comes after a $3 million raise in February at a $125.5 million valuation. All up, the business has now taken on around $70 million in external capital and… Read more »
This week’s Startup 360 sees Simon Thomsen return with a new cohost – Fishburners CEO Majella Campbell. And to celebrate episode 15’s new team, their guests this week are two “Fishies” founders – Barb Woodruff Swanson from Done Life, and Mossy Taheri from proptech Rising Returns. There’s a bit of a travel theme to this… Read more »
A video analytics platform using artitificial intelligence to improve workplace productivity and safety has raised $17 million in a series B. It’s been nearly four years since Unleash Live raised an $8 million Series A led by Safety Culture, and this time the nine-year-old scaleup, now valued at $100 million, did not disclose its… Read more »
Standards Australia has made its first early-stage investment, backing calculation tooling startup in $3.8 million pre-Seed round. The round for CalcTree was led by Foundamental, with support from Suffolk Technologies, Antler VC, Autodesk & Bentley employees. Standards Australia’s VC subsidiary, Kungari, invests in businesses innovating to improve safety, efficiency and quality across the economy, and… Read more »
Sydney quantum software scaleup Q-CTRL has launched a series of free education and workplace development webinars to inspire future quantum leaders, Q-CTRL has leveraged the interactive learning modules by Black Opal to help to meet the growing demand for quantum-savvy employees. Sydney University quantum physicist Prof Michael J. Biercuk launched Q-CTRL in late 2017, pioneering… Read more »
Fresh off a wedding and honeymoon in Hawaii, Cheryl Mack is in the building to join AJ in guest hosting duties. And what better way to ease back into reality with a deep dive in to the Government’s proposed superannuation tax with startup legend Alan Jones of M8 Ventures. As two people at the coalface… Read more »
Preve, a physiotherapy platform that uses AI to personalise treatment plans, has raised $2 million in seed funding led by Carthona Capital. Preve was founded by Adam Beaupeurt and physiotherapist Caelum Trott as a way to help people do the hardest, and most important, part of physio: sticking to the exercises. “Physios want their patients… Read more »
Payments platform Airwallex has finalised a $232 million (US$150m) Series F funding round at an eye-watering $9.6 billion (US$6.2 billion) valuation. The company – which was founded in Melbourne but is now headquartered in Singapore – has already dinged the $1 billion annualised revenue mark and is on the hunt to keep expanding its global… Read more »
Workplace mental health platform Foremind has raised $1.5 million in a round led by Giant Leap as it prepares for expansion into the UK and New Zealand. The Canberra-based company is trying to modernise the employee assistance program (EAP) experience that has become so commonplace in 21st century corporate life. Its latest funding, raised with… Read more »
Battery materials startup Sicona Battery Technologies has raised AU$15 million from an existing investor, India’s Himadri Speciality Chemical, as part of a deal to commercialise its technology. The Wollongong startup previously raised $22 million in a Series A led by Himadri two years ago, adding to a $3.7 million in a pre-Series A in August… Read more »
SQM Lithium Ventures, the VC arm of a major international lithium producer, has invested $3.6 million in Melbourne’s Kite Magnetics, a company that produces advanced components for electric motors. Kite Magnetics CEO Dr Richard Parsons said he was “excited” about the new partnership with SQM. “Their support will help us scale our technology to revolutionise… Read more »
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