Construction engineering platform SPEC Toolbox has raised $3 million in a pre-Series A. The investment was co-led by Black Nova and Investible. The Melbourne design software platform specifically for mass timber construction was founded in 2023 by structural engineers Adam Jones and Ringo Thomas as CLT Toolbox, rebranded after realising that design bottlenecks weren’t just… Read more »
When Jake Shelley and Joseph Pons, former senior leaders at Deputy, launched their Sydney startup Jiffi in 2023, they started with a simple thesis: the tech industry is broken. Software oversaturation has left companies burdened with fragmented systems and inefficient processes that technology alone cannot repair. So as tech set out to build yet another… Read more »
Hachiko, an optimisation software startup for industrial battery energy storage systems (BESS), has raised $2.5m in a Seed round. The round was led by Archangel Ventures, with support from Twynam, Investible, Motion Capital, Electrifi Ventures, and Wattle Hill Capital. The funding will help build technical and go-to-market teams as well as deepening and expanding platform… Read more »
Enterprise software scaleup Octopus Deploy, which bootstrapped for 11 years, before a $220 million raise in 2021 took on $US30 million (A$45m) in fresh capital from its existing and only investor, New York VC Insight Partners, ahead of a major acquisition. The new funding was secured in 2024 before the Brisbane business spent $43 million… Read more »
A Sydney software company founded in 1999 by two former PwC executives to tackle governance, risk, and compliance (GRC) issues has sold a majority stake in the business to US investment firm PSG Equity for US$280 million (A$445m). The deal for Protecht gives an exit for California growth equity firm Arrowroot Capital after just three… Read more »
Australian quantum software startup Q-CTRL is ramping up its US presence, hanging up a shingle in San Francisco. The move comes as the city reciprocates the love with the local Chamber of Commerce naming the Sydney software business its 2025 Australian Company of the Year in the Bay area. Q-CTRL plays a key role in… Read more »
A nine-year-old startup creating no code software platforms for the construction sector has raised $27.5 million in a Series A. The round for Sitemate was led by Blackbird, supported by fellow existed investors Shearwater Capital and Marbruck. The cash will go to product and engineering as well as expanding its go-to-market presence and customer base… Read more »
Federal government-backed Australian Renewable Energy Agency (ARENA) has awarded software startup Orkestra $2.77 million in co-funding to help fast-track the rollout of commercial electric vehicle chargers. The $5.5m software project is also being backed by electricity giants AGL and EnergyAustralia, as well as motoring organisations RACV and RAA and commercial real estate firm CBRE, aims… Read more »
Kiwi professional services job tracking platform Projectworks has raised US$5 million (A$7.5m) in a Series A. The round for the management software startup was led by US investor Bridgewest Group, supported by existing backers, including NZ VC Punakaiki Fund, and the company’s new US-based CEO Mark Orttung. It values the business at A$90m, and the… Read more »
Computer systems across Australia and overseas have failed on Friday afternoon after an update was pushed out by global security software provider CrowdStrike. The software affected by the update appears to be the CrowdStrike Falcon platform, which is installed by businesses or other organisations on desktop computers and notebooks to provide security monitoring. What’s happening?… Read more »
An agtech startup cofounded by the former boss of CSIRO’s Data61 has raised $5.3 million in a Seed round. The round was led by existing investor Salus Ventures, which has also backed local deep tech startups such as HEO, Advanced Navigation, and Q-Ctrl. Also chipping in for ExoFlare were Harris Farm’s David and Cathy Harris,… Read more »
SupplyScope, a product development startup dealing with regulatory compliance and safety to get to market faster, has raised $300,000 from early-stage investor Skalata. The challenge faced by product suppliers is that takes months of testing and paperwork to get to market. As a result, many have bypassed larger stockists by selling direct-to-consumer and via online… Read more »
Outside the world of open-source software, it’s likely few people would have heard about XZ Utils, a small but widely used tool for data compression in Linux systems. But late last month, security experts uncovered a serious and deliberate flaw that could leave networked Linux computers susceptible to malicious attacks. The flaw has since been… Read more »
Banking-in-box fintech Constantinople has raised $50 million in a Series A. The round was led by Dutch internet investment firm Prosus Ventures, with support from existing Australian backers Square Peg and AirTree. The Sydney startup, founded in 2022 by former Westpac managers Macgregor Duncan and Dianne Challenor, previously raised US$23 million (A$32m) in a Seed… Read more »
Semiconductors are the basic building blocks of microchips. These technological marvels are in everything from lightbulbs and toothbrushes to cars, trains and planes, not to mention the vast array of electronics that have become integral to many people’s daily lives. The 21st century chip manufacturing industry has been described as “at least as significant geopolitically… Read more »
Daily startup news and insights, delivered to your inbox.
