Ambit, the conversational artificial intelligence platform, has raised NZ$1M to accelerate expansion into Australia where it is targeting new clients in the retail, utilities and financial services sectors. The capital raise attracted new investors including Quidnet Ventures, a New Zealand deep tech VC founded by Mark Bregman, PhD, a former CTO of global firms NetApp,… Read more »
Growing a startup in any country takes a certain set of skills, but sometimes having a different perspective can be an advantage. When I founded my first software startup in the United States, I found that my Australian roots provided some unique insights. I’m currently co-founder and CEO of WellSaid Labs, the industry’s leader in AI… Read more »
The new head of the CSIRO’s National AI Centre, Stela Solar, is doing a lap of the country to hear from industry and founders on the barriers and opportunities for Australia’s growing artificial intelligence ecosystem. The tour will spans five states and she will meet with a cross-section of industry, research, and business leaders in… Read more »
It was the veritable search for a needle in a haystack. With drug-resistant bacteria on the rise, researchers at MIT were sifting through a database of more than 100 million molecules to identify a few that might have antibacterial properties. Fortunately, the search proved successful. But it wasn’t a human who found the promising molecules.… Read more »
Whether it’s athletes on a sporting field or celebrities in the jungle, nothing holds our attention like the drama of vying for a single prize. And when it comes to the evolution of artificial intelligence (AI), some of the most captivating moments have also been delivered in nailbiting finishes. In 1997, IBM’s Deep Blue chess… Read more »
Artificial intelligence (AI) healthcare startup Harrison.ai has raised US$97 million (A$129 million) in a series B to ramp up its global joint venture ambitions in medical diagnostics. Existing backer Horizons Ventures, the VC firm of Hong Kong billionaire Li Ka-shing, led the round. It was supported byBlackbird Ventures and Skip Capital, with new investors Sonic… Read more »
A wealth of continuous data, and the networked expertise to crunch it, has enabled South Australia to be at the forefront of AI research in preventative health. A group of research labs in Adelaide, South Australia has recently begun using a wealth of health data provided by SA Pathology to determine ways to use Artificial… Read more »
Australia’s biggest bank, the Commonwealth (CBA) has made a major play in artificial intelligence, investing $134 million (US$100m) in California AI market leader H2O.ai, for a minority stake. The bank is hoping the exclusive partnership with the Silicon Valley machine learning platform will help make Australia a leading force in AI. H2O is CBA’s exclusive… Read more »
Enterprise compliance startup EncompaaS has raised $14 million as it looks to go global The raise for the corporate governance SaaS provider was led by CVC Emerging Companies, Future Now Capital, and private investment company Marshall Investments. EncompaaS CEO Jesse Todd said the funds will be used to further develop and take its suite of… Read more »
The possibilities of artificial intelligence are endless, but what’s the point if the social impact isn’t positive? In northern Canada, translator apps are helping researchers preserve a threatened Inuit language and connecting the remote communities that still speak it. In London, developers are working to make object recognition more personal for blind and low-vision individuals,… Read more »
ASX-listed voice data company Dubber (ASX: DUB) has acquired Brisbane tech startup Notiv in a deal worth $6.6 million. The M&A deal will see Dubber accelerate its artificial intelligence program and capabilities. Notiv was founded by tech industry veterans Chris Raethke, a BugCrowd co-founder, and Dr Iain McCowan in 2018 to improve meeting note taking.… Read more »
New Zealand data insights startup Yabble has raised NZ$3 million (A$2.9m) as it looks to expand into Australia and then the US. The AI company’s second raise was led by Hillfarrance among existing investors that include Movac, New Zealand Growth Capital Partners, Enterprise Angels, and other Angel networks, and high-net-worth individuals. Co-founders Kathryn Topp and… Read more »
Video analytics platform Unleash live has raised $8 million in a series A round led by tech unicorn SafetyCulture. The five-year-old tech startup’s ‘Intelligent Remote Vision’ enables companies to improve productivity and safety, as well as reducing costs by using real-time video analytics to transform visual inspections. Roger Allen’s Patagorang Investment Group was among the… Read more »
Queensland construction and engineering conglomerate BMD Group has backed Brisbane artificial intelligence startup Octant AI, investing nearly $1 million for a 10% stake. Octant uses AI to for predictive analysis aimed at reducing uncertainty in projects to manage costs. BMD CEO Scott Power said his company had been using the tech platform in its project… Read more »
Machine learning startup SourseAI has raised $1.5 million to help bosses make fewer calls based on their gut feeling. The round was led by Aligned Equity and TV and radio company Southern Cross Austereo (SCA), making its second investment in an AI-based analytics startup after backing spoken word analysis venture Sonnant earlier this year. The… Read more »
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