Wollongong-based electrolyser startup Hysata, which is developing production methods for low-cost green hydrogen, has raised $172 million (US$111.3m) in a Series B, a record for clean tech in Australia. The round was co-led by the venture arm of oil industry giant bp, and Investec’s Hong Kong-based alternative investment firm Templewater, with both chipping in US$10m (A$15.2m).… Read more »
SupplyScope, a product development startup dealing with regulatory compliance and safety to get to market faster, has raised $300,000 from early-stage investor Skalata. The challenge faced by product suppliers is that takes months of testing and paperwork to get to market. As a result, many have bypassed larger stockists by selling direct-to-consumer and via online… Read more »
Startmate held Demo Day for its summer 2024 cohort at Blackbird’s Sunrise in Sydney last week and Startup Daily is profiling the 10 startups involved. Today it’s Telemattica, which is stopping transport going off the rails, literally. The ‘Check Engine Light’ on your car could very possibly be one of its most frustrating safety features.… Read more »
The Victorian budget offered more of the same on Tuesday, with the only change being how the budget papers were packaged. The usual shrink wrap was gone, hinting at savings in the pages within. But that was not to be, for the government – which has the largest debt of all the states and territories… Read more »
The Victorian government is cutting funding for its sovereign venture fund, Breakthrough Victoria, by $90 million annually over the next four year, today’s state budget reveals. The reduction in capital allocation for the $2 billion fund comes amid sustained criticism and a high profile media campaign by the likes of Adir Shiffman, chair of ASX-listed… Read more »
Data engineer and artificial intelligence expect Claire Southey is back in Sydney after six years in the UK and US working for Amazon and Google, at ecommerce marketing platform Rokt. Southey, who collected her swipe card as senior VP of engineering this week, is one of three new hires for the Australian arm of the US-based,… Read more »
You might have seen viral videos of Wendy’s drive-thru customers in the United States ordering their fast food from the firm’s generative AI bot Wendy’s FreshAI. Most show a very human-like transaction punctuated with cries of amazement at how fast, accurate and polite the system is. While the system and others like it are in… Read more »
Startmate held Demo Day for its summer 2024 cohort at Blackbird’s Sunrise in Sydney last week and Startup Daily is profiling the 10 startups involved. Today it’s Carbonaught, which is using basalt rock as fertiliser for farmlands The global food system is broken, and the challenges on our horizon are even harder to swallow. In… Read more »
Gaming content generation platform Stori has rebranded as Nucanon having raised $500,000 in what the startup says is another pre-Seed raise. The latest round was led by Skalata with support Outlier Ventures, Paperclip Partners, and Sydney FC CEO Mark Aubrey, as well as existing investor Antler. Launched in 2022 by Nilushanan Kulasingham, who built his… Read more »
An 11.5-metre-tall German-designed single stage rocket, took off from a South Australian launchpad into a suborbital test launch on Friday afternoon. The SR75 Hylmpulse rocket launched from the Koonibba Test Range near Ceduna on the Eyre Peninsula, at around 2.40pm, rising 50km above Earth before a parachute decent. The suborbital Koonibba Test Range is a… Read more »
A Sydney-based online customer support platform using AI to answer questions has raised $3.85 million. The raise for Brainfish was led by Peak XV (the renamed Sequoia Capital India), with support from Macdoch Ventures, Black Sheep Capital, MadPaws CEO Justus Hammer and US and Australian angel investors. It’s the second round for the business in… Read more »
An eight-year-old Sydney-based Airbnb property management platform has raised $10 million as it looks to grow through a merger and acquisition startegy. Hometime, founded in 2016 in Perth, previously raised around $12.7 million in debt and equity in 2019 from the likes of NAB Ventures, One Ventures, and AS1 Capital. The latest cash injection comes… Read more »
A new category, Best Tech Journalist, launched for 2024 Applications for ATC 2024 close on May 24. The annual Australian Technologies Competition (ATC) is back for 2024 to help local startups ready to scale up their global potential. Now run by scale-up services and capital provider Scalare Partners, the competition has been a cornerstone of the… Read more »
Sydney investment firm Quadrant Private Equity is now a Canva shareholder after acquiring a hefty $500 million slice of the design giant, including more than $100 million worth of shares from VC fund Blackbird. That represents about 1.2% of the company’s stock. The deal comes after $2.4 billion worth of Canva shares changed hands earlier… Read more »
State government-backed investment fund Breakthrough Victoria is backing US stratospheric exploration company World View with $37 million to entice it to Melbourne. The strategic investment will see World View establish its Indo-Pacific headquarters in the capital, as well as building an advanced manufacturing facility in Victoria, creating up to 200 jobs in engineering, mission control… Read more »
Daily startup news and insights, delivered to your inbox.
