StrongRoomAI Archives

StrongRoomAI cofounder denies investor EVP’s claim that he admitted to fraud

Simon Thomsen - April 22, 2025 3 MIN READ

Max Mito, the cofounder and CEO of StrongRoomAI, has denied he admitted to fraud in a meeting with investors last month that led VC EVP to call in police and launch legal action to freeze the assets of Mito and several others. Mito’s counsel, Alexander Langshaw, told a Federal Court hearing in Sydney last Thursday… Read more »

Business

What the StrongRoom AI saga reveals about venture investing, fraud, justice and due diligence

Nich Burch - April 16, 2025 4 MIN READ

In the high-stakes world of startup funding, where millions can be raised in a matter of weeks and valuations shift with a pitch deck, due diligence (DD) has long been the safety net that prevents bad bets. It’s a well-worn and trusted process, particularly in venture capital. So when an investor alleges fraud after a… Read more »