Australian deep tech inventors have given the world wifi, Google Maps, cochlear implants and the goon bag, but a new report into the state of play for the sector suggests that while there’s no shortage of ideas, that potential is being stifled by limited support from venture capital, industry, and government. Pioneering deep tech incubator… Read more »
Former Techstars Sydney MD Kirstin Hunter’s interim CEO role at Birchal has become a full-time gig, as she leads the crowdfunding platform into its 9th year of operation. Hunter stepped into an advisory role as CEO transition lead after cofounder Matt Vitale resigned as chief executive after eight years citing burn out. “While my resilience… Read more »
While the Tesla CEO is busy rage-tweeting, Roman saluting, dialling into far-right German political rallies, cutting aid funding and sacking US government workers, sales of his car brand in Australia, as well as the rest of the world have gone over a cliff, with January’s poor results continuing in February. The plunge for Nasdaq-listed EV… Read more »
The Greens party, which received one in every eight primary votes (12.25%) at the last federal election, want a slice of the fortunes of Mark Zuckerberg, Jeff Bezos and Elon Musk, proposing a “big tech tax” as Australia gears up to head to the polls in the coming months. Greens communications spokesperson senator Sarah Hanson-Young… Read more »
Keith Pitt, the cofounder and CEO of software startup Buildkite, has left the business. Company chair Barry Crist portrayed Pitt’s sudden departure without a replacement as “part of the normal lifecycle of a technology company”. US-based Crist, a 20-year veteran of developer tools, including leading Chef Software, will be acting CEO as the company hunts… Read more »
Total revenue increased 115% to $1.296 million Gross profit rose 173% to $524,719 Underlying EBITDA at -$307,186 before $986,731 in costs for ASX listing. Cash on hand is $3.8 million. The nearly $1 million cost of a backdoor listing on the ASX last year has seen Scalare Partners (ASX: SCP) post a statutory EBITDA loss… Read more »
Three years after a record $2.2 million pre-Seed round for two teenagers to solve the problem of abandoned online sales, their eCommerce fintech has raised another $18 million in a Series A. The round for Brisbane startup Instant was led by Belgian early stage VC Hummingbird Ventures, which revels in the title “the best venture… Read more »
Startup coworking and private offices provider Tank Stream Labs is heading to South Australia setting up shop in Adelaide’s CBD, as part of an expansion that also includes a premium workspaces in Martin Place, Sydney. Tank Stream Suites Adelaide will open in July this year at 63 Pirie Street, a block from Adelaide Town Hall,… Read more »
It’s unlikely Australia’s competition watchdog, the ACCC, took notice of Sony’s global outage a few weeks ago. But if they did, it could provide some insightful guidance for its latest inquiry where its touching on the murky framework that governs digital access to games. Sony’s PlayStation Network suffered a major outage in early February that… Read more »
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 »
A Sydney call centre startup is being acquired by US global services platform Zendesk for a reported $100 million. The deal for Local Measure comes 14 years after it was founded by CEO Jonathan Barouch. Zendesk CEO Tom Eggemeier said the acquisition accelerates his company’s expansion into larger, more complex service environments, enhances its AI… Read more »
Daily startup news and insights, delivered to your inbox.
