Elon Musk as a long history of big promises and delivery that’s slightly more modest. Even scrutiny of his role in the Trump administration, at a time when Tesla’s share price and sales are plummeting, has revealed that supposed savings in the cuts made by the so-called Department of Government Efficiency are far smaller that… Read more »
If you’ve ever had a meal at di Stasio’s Citta in Melbourne, or watched the Matildas play Japan last week, you’ve seen the work of Kamilaroi artist Reko Rennie. Rennie’s 8-minute video, OA_RR, driving a Rolls Royce in burnouts in the desert country of his grandmother, plays behind the bar at the Italian restaurant, and… Read more »
Wisetech Global’s former CEO, Richard White, finally has a new job at the logistics software company he founded 30 years ago – executive chairman. The appointment follows the resignation of former chair Richard Dammery and three other non-executive directors, Lisa Brock, Michael Malone and Fiona Pak-Poy, on Monday in a battle for control of the… Read more »
Sydney advertising and electric vehicle charging startup Jolt has eschewed VC funding for its latest global expansion, instead striking a $214 million (C$194m) loan agreement with the Canada Infrastructure Bank (CIB) to fast track its charging network across the top of North America. The funds will see Jolt install 1,500 fast and free kerbside chargers… Read more »
South Australian satellite exploration startup Fleet Space has partnered with US startup Koloma in the hunt for natural hydrogen around the world. Fleet’s space-based mapping platform, ExoSphere, will be used by Koloma, which has raised US$400 million in venture funding, to generate real-time 3D subsurface imaging of prospective hydrogen-forming geological formations. While many tech companies… Read more »
This week marks a year since the NSW government opened consultation on an Innovation Blueprint for the state. That, in turn, was four months after NSW innovation, science and technology minister Anoulack Chanthivong first announced the project in September 2023. The government had pledged to release it by July 2024. But when Startup Daily asked… Read more »
Four independent non-executive directors (NED), on the WiseTech board, including chair Richard Dammery, have resigned and will depart from the company when its half-yearly results are released on Wednesday. The other NEDS stepping down are Lisa Brock, Michael Malone and Fiona Pak-Poy. Joining as a new director of the ASX-listed logistics software business is Shearwater… Read more »
Sydney startup Livewire’s US focus is ramping up with RealVC founder Matt Berriman joining the 4-year-old martech CEO and executive chair, having recently relocated to New York for the role. He’s not the only one crossing the Pacific. Livewire cofounder Brad Manuel is also moving to Los Angeles to capitalise on opportunities with entertainment studios,… Read more »
WiseTech Global shares were placed in a trading halt on Thursday morning at the logistic company’s request amid undisclosed governance concerns. Trade is not expected to resume until at least Monday, February 24. An update on the review was expected when the company reports on Wednesday. “The trading halt is requested to enable the Company… Read more »
LaunchVic, has selected 11 new scaleups to be part of the ongoing 30X30 program, which helps fast-growing get their organisational ducks in a row on the path to unicorn status – a $1 billion+ valuation – by the end of the decade. The Victorian government’s startup body developed the fully subsidised four-month program to connect… Read more »
A week after Atlassian announced it would be lead sponsor of the Williams Racing Formula One team, ASX-listed Airtasker is slapping its name on the Visa Cash App Racing Bulls (VCARB) F1 team. It’s not that VCARB is going to be post “Wanted: someone to change 4 tyres in under 2 seconds” on the casual… Read more »
Twine, an AI startup offering conversation insights for business, has raised $2.3 million (US$1.5m). The round was led by Sydney VC Airtree, with support from angel investors Gill Findlay from Immutable, Sam Nickless, CEO of legal heavyweight Gilbert + Tobin, and Hemal Shah, Atlassian’s product VP. The funding will be used to accelerate product development and… Read more »
Brag Media cofounder and former CEO Luke Girgis has launched legal action in the NSW Supreme Court against the company that bought his business, ASX-listed Vinyl Group. The acquisition deal dates back to December 2023, when Vinyl (ASX: VNL) announced it would pay $8 million in cash to acquire 100% of The Brag Media and… Read more »
The Commonwealth Bank’s venture-scaling arm, x15ventures, has chosen a US-based data change management platform, Gable, as winner of its annual Xccelerate program. The startup has secured a SAFE Note investment and is actively exploring multiple partnership opportunities with CommBank. The three other finalists -vUS-based Cleric, local AI fintech Dragonfly Thinking and Eidiex – are also… Read more »
ASX-listed Seek’s venture fund is selling a $95 million portion of its holding in unicorn HR startup Employment Hero to US investment firm KKR. The deal was announced as part of Seek’s (ASX: SEK) half-yearly results today, which saw ANZ revenue declined by 4% to A$416m, reflecting a 14% drop in job ad volumes. Total… Read more »
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