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 »
Embedded finance platform Shaype has teamed up with UK fintech ANNA Money to launch Australia’s first AI-powered finance “super app” for startups and small business. The app will act as a single financial co-pilot, consolidating everything from business banking to tax, expenses, company formation and cards. The collaboration also launches ANNA (Absolutely No Nonsense Admin)… Read more »
Tech giant Google has just suffered another legal blow in the United States, losing a landmark antitrust case. This follows on from the company’s loss in a similar case last year. Social media giant Meta is also currently embroiled in a landmark legal battle in the US that could change not only how it operates,… Read more »
Seer Medical will get a second life after the metech startup’s administrators found three investors willing to back the business with $40 million. Creditors signed a Deed of Company Arrangement with neurodiagnostic equipment manufacturer Cadwell Industries, existing investor Breakthrough Victoria, and Singapore’s TrialCap in a deal worth $40m. All three will take an equity position… Read more »
Industry body the Australian Computer Society (ACS), which represents around 50,000 members in tech, said whoever forms government after the May 3 election needs to take urgent, coordinated action on digital skills reform and research commercialisation to secure the nation’s economic future. The recent ACS 2025 Election Forum in Sydney brought together leaders from industry,… Read more »
A recruitment platform that combines the simplicity of dating app swiping with AI-powered soft skills matching was launched in Sydney by a first-time founder this week. Job Matched is the brainchild of Australian-American Kayla Parry, who set out to make hiring faster, smarter and more human. Parry was on Startup 360 this week, where she… Read more »
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 »
The global trade war triggered by US President Donald Trump earlier this month shows no signs of ending anytime soon. In recent days, China suspended exports of a wide range of critical minerals that are vital ingredients in everything from electric cars and drones to the semiconductor chips that power artificial intelligence (AI) servers. Around… Read more »
As I sat at the second ever Systemic Investing Summit in London in March, among 180 hand-picked global wealth holders and controllers, philanthropists, academics and industry practitioners, one disturbing image kept coming to mind. While we discussed innovative financing models and systemic approaches to capital deployment that could save humanity from collapse, I couldn’t shake… Read more »
Back in 2023, SafetyCulture founder Luke Anear had a vision – a four-part documentary series with profiling the founders of some of Australia’s most successful tech companies, including himself. It was an insight into the highs and lows and drama of local startup life, which was released as a pay-per-view on Apple TV, Prime… Read more »
In the online discourse, there’s a debate raging that pits “MEI” (that is, merit, excellence, and intelligence) against “DEI” (diversity, equity, and inclusion). If you’re doom-scrolling, you may have gotten the impression that DEI prioritises providing benefits or special treatment to people who have not earned opportunities, rather than giving opportunities to the most deserving,… Read more »
The annual Tank Stream Labs S2S Summit returns this year in August for a third time, sending the Sydney Startup Hub off with a bang. The two-day event, August 20-21, 2025, is designed to empower entrepreneurs, innovators, and industry leaders with keynote presentations, panel discussions, interactive workshops, and networking opportunities. Tank Stream Labs has been… Read more »
If you need a reality check on just how crazy Donald Trump’s tariff plan-du-jour was last week, well, after wiping trillions in value from global markets, he followed up with April 9’s insider trading scam before the US President tanked markets all over again and capped it off with some crony capitalism. Economics analyst Joey… Read more »
More than 10 bids were submitted to the voluntary administrators of failed startup StrongRoom AI, hoping to snap up the value left in the business, despite it being mired in legal action over allegedly faked revenue figures and a VC investor wanting its $10 million back. Final offers for what remains of StrongRoom are due… Read more »
Canva is getting into the spreadsheet business as the software giant looks to move beyond pretty graphics to workplace productivity tools and take on enterprise software giants like Google. The 13-year-old design platform’s annual product song and dance show, the fourth Canva Create – this year themed as “Uncharted” – also revealed that annual revenue… Read more »
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