January has already been piping hot for startup funding, and this week is no different. Four ANZ startups raised more than $307 million across rockets, AI and engineering platforms. Here’s who: Gilmour Space: $217 million Gilmour Space Technologies has landed $217 million in a Series E funding round that lifts the Queensland-founded rocket maker’s valuation… Read more »
A Melbourne-based software engineer has lost an unfair dismissal case after he was fired for refusing to return to the office. Richard Johnson worked as a product engineer at print management software provider PaperCut Software from April 2022 until mid-June 2025, when he was fired for refusing to comply with a three days per week… Read more »
The Australian government’s financial system anti-crimes regulator, AUSTRAC, has called in an external auditor at Airwallex over concerns that the fintech unicorn has failed to properly comply with anti-money laundering and counter-terrorism financing (AML/CTF) laws. AUSTRAC CEO Brendan Thomas, said the external audits will assess serious compliance concerns by the regulator, which is charged with… Read more »
Sendle staff questioned the parcel delivery startup’s US expansion plan and high cash burn well ahead of its closure, suggesting the business faced existential challenges before its ill-fated merger. The Australian-born scaleup, which allowed small businesses to send parcels through partnerships with major courier networks, shocked customers last week by cancelling all upcoming pick-ups. The closure came… Read more »
Sydney AI security startup Dam Secure has raised $6.1 million (US$4m) in a Seed round led by Washington, DC-based cybersecurity and AI investor, Paladin Capital Group. Dam Secure, founded by Patrick Collins and Simon Harloff, is developing an AI-native platform for organisations to manage the security risks created by the rapid adoption of AI coding… Read more »
A California-based legal tech startup originally founded in New Zealand has raised A$81 million (US$55m) in a Series B. The round for Ivo was led by Blackbird, with support from Costanoa Ventures, Uncork Capital, Fika Ventures, and Kiwi VCs GD1, and Icehouse Ventures, and values the business at $530 million. The Series B comes 12… Read more »
Scams are more nuanced now. Deepfakes are more convincing. And at a time when one-click checkouts and real-time payments are the norm, security has soared far beyond being a mere ‘tech team problem’. In Mastercard’s January 2025 global survey of more than 5000 small business owners, 79 per cent said effective cybersecurity is critical to… Read more »
Google reads and summarises your email as to-do list. Powered by Google’s flagship AI model Gemini, the new feature will bake AI summaries directly into users’ Gmail accounts along with buttons to write AI-generated responses, set up calendar events, and provide summaries of email threads, according to preview footage. By checking which people you email… Read more »
On December 14 2025, a terrorist attack occurred at Bondi Beach in Sydney Australia, leaving 15 civilians and one gunman dead. While Australia was still reeling in shock, social media saw the rapid spread of misinformation generated and powered by generative artificial intelligence (AI). For example, a manipulated video of New South Wales Premier Chris… Read more »
Gilmour Space Technologies banked $217 million (US$145m) in a Series E to become a unicorn, with the Queensland rocket builder’s valuation topping $1 billion. The round was jointly led by the National Reconstruction Fund (NRF) and existing backer, super fund Hostplus, with support from previous investors Future Fund, Blackbird, Funds SA, HESTA, NGS Super, Main… Read more »
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 »
Australian sustainable cleaning product startup Pleasant State will close its doors after six years in operation, as cost-of-living pressures force environmentally-conscious consumers to make tough spending decisions. Founded in 2020 by Ami Bateman and Sian Murray, Pleasant State provides alternatives to traditional cleaning products and household sprays. Instead of relying on single-use plastics, Pleasant State… Read more »
The National Reconstruction Fund (NRF) has invested $20 million in neuroscience startup Omniscient Neurotechnology as part of an ongoing $36 million Series D. NRF is co-leading the round with OIF Ventures, taking a preferred equity stake. Omniscient, founded in 2019, uses artificial intelligence (AI) to decode the complexity of the human brain by mapping an… Read more »
We may only be a couple of weeks into January, but the Australian startup funding tap is already starting to trickle. This week saw $39.8 million raised across startups in deceased estate management and fitness spaces, as well as neuroscience. EstateXchange: $12.5 million EstateXchange co-founders Marielle Yeoh and Sarah Poole. Source: Supplied. A startup addressing… Read more »
Touch Ventures (ASX: TVL), which invested more than $36 million into Sendle over several years, wrote down the value of its stake to nil in the weeks before the logistics startup’s abrupt closure. The downgrade, revealed publicly on Wednesday, sheds light on how one of Sendle’s major financial backers responded to worrying claims about its… Read more »
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