An artificial intelligence (AI) startup of develop real-time data analysis of sales for retailers has raised $4 million in a Seed round led by Square Peg. GoodWork.ai is working with global retailers to build analytics AI for retail merchandise, finance and operations teams to make trade performance analysis fast and easy. The AI analyses the… Read more »
Twelve Western Australian tech companies are heading to the US as part of a new accelerator program funding by the state government. Innovation and digital economy minister Stephen Dawson said the Cook Labor government’s Global Growth Accelerator Program (GGAP) kicks off in January with a three-month course to prepare the dozen startups for an international market.… Read more »
The federal government’s $15 billion National Reconstruction Fund has made its second investment, taking a $13 million equity stake in Canberra startup Quantum Brilliance. It follows $40 million for a mining tech manufacturer announced last month. The National Reconstruction Fund Corporation (NRFC) funding is for QB to build Australia’s first quantum diamond foundry for its… Read more »
The best in the Australian climate tech ecosystem was honoured last week with eight awards honouring the startups and supporters who helped make it happen. The Australian Climate Tech Connect & Awards 2024 were hosted by Climate Salad, with the theme of connection. Climate Salad cofounder and CEO Mick Liubinskas said the day “delivered in spades”… Read more »
Industry group FinTech Australia has two new board members following its AGM, with Tiimely chief risk and compliance officer Jodi Ross and Tractor Ventures CEO and cofounder Jodie Imam signing on as directors. Chair Sarah Gorman said the candidates nominated this year were all women 2024. “Both Jodi and Jodie bring a wealth of experience… Read more »
New Zealand artificial intelligence-augmented startup Grw AI has raised NZ$2.4 million ($2.2m) in a record pre-Seed round led by US investors in less than a month at a NZ$12 million valuation. The investment from a roll call of West Coast VCs and Silicon Valley angel investors with see the Grw AI team relocate from Auckland… Read more »
A report into the state of play for Western Australia’s startup sector has warned the state risks slipping behind its East Cost rivals unless there’s a great focus on reforms and funding for the sector. The report, ‘Dare to Venture: Startups and the innovation ecosystem in Western Australia’, by the Bankwest Curtin Economics Centre argues… Read more »
An eight-year-old health tech startup helping elderly people live safely at home has scored $2 million in funding, led by Breakthrough Victoria. Umps Health is developing sensors and AI for proactive aged care at home. Breakthrough Victoria invested alongside Intervalley Ventures, with follow-on funding from existing investors Sprint Ventures, the Cerebral Palsy Alliance, the 5Point… Read more »
Seven venture capital firms will look to invest up to $150 million in Western Australian startups underpinned by a $45 million commitment from the state government’s WA Venture Capital initiative (WAVC). Premier Roger Cook announced an additional $15 million for WAVC at West Tech Fest in Perth, topping up the government’s initial $30m commitment. Cook… Read more »
Crowd-sourced funding (CSF) platform Birchal’s new Birchal First Syndicate has turbocharged $1.9 million in funding for Victorian hardware technology startups in 90 days since its launch. The angel syndicate, backed by a $300,000 LaunchVic grant, combines its lead investments with retail investor support on the crowdfunding platform’s equity capital raising campaigns. While battery-powered aircraft engine… Read more »
A new investment fund focused on and run by women has been kick-started with $100 million Western Australian philanthropist Nicola Forrest. The funds have come from the Minderoo Foundation, which Forrest established with her ex-husband, mining billionaire Andrew Forrest. The philanthropic fund has gender equality is a priority focus. Future Generation Women (FGW) will be… Read more »
One of Australia’s best tech and innovation festivals, South Australia’s _SOUTHSTART, is offering 10 startup founders to take the stage for its pitch showcase in 2025 The annual 3-day event brings together founders, investors, and industry visionaries to connect, and shape the future, next year from March 4-6, in Adelaide’s Garden of Unearthly Delights, as well… Read more »
Just days out from the United States presidential election last month, X (formerly Twitter) suddenly crippled the ability of many major media and political organisations to reach audiences on the social media platform. Without warning, the platform, under tech billionaire Elon Musk’s stewardship, announced major changes to the main pathway these organisations use to disseminate… Read more »
Melbourne startup TALY has raised $500,000 in pre-Seed funding led by Skalata to transform how companies use personality data to make better decisions. Founder Peter Treloar said that while $4.3 billion is spent annually personality testing, but for the most part it’s poorly utilised. “The secret of enterprise personality testing is that most of it… Read more »
Financial institutions, fintechs, and regulators have welcomed new buy now, pay later (BNPL) rules that will finally treat the sector like other credit providers, with new legislation passed hours before shoppers tapped BNPL to propel Black Friday sales to record-breaking heights. The new regulations will apply corporate regulator ASIC’s National Credit Code (NCC) to a BNPL sector that has… Read more »
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