US ride-sharing giant Uber has settled a class action by the Australian taxi industry on the eve of going to court, offering to pay $271.8 million in compensation. Maurice Blackburn Lawyers began a class action against Uber in 2019 on behalf more than 8,000 taxi and hire car owners and drivers. The Victorian Supreme Court… Read more »
The next time you go for a job interview at Woolies or Qantas, you may end up with generative AI not only telling you how you did, but also offering advice on how to perform better next time. Melbourne recruitment startup Sapia.ai has launched a generative AI model it’s called SAIGE to give candidate feedback.… Read more »
An advertising analytics startup offering a solution to the end of internet cookies to track marketing has raised $5 million in Seed funding The round for Prophet was backed by Australian Community Media owner Antony Catalano, Seek cofounder Matt Rockman and Cheuk Chiang APAC CEO of Dentsu Creative, among others. The business intelligence platform has been… Read more »
Carmakers including Kia, Subaru, Mitsubishi and General Motors are providing details of owners’ driving behaviour to insurance companies, leading many drivers to report surges in car insurance premiums despite industry claims that the transmitted data (‘telematics’) helps good drivers pay less. The revelations have stoked a PR firestorm after the New York Times related the experiences of… Read more »
Ever since the Titanic was found, the world has held few mysteries. The whereabouts of the 239 souls tragically lost aboard MH370 is one. That MAFS is now in a 10th season and rating well is a personal one. Another, since 2008, is who is Satoshi Nakamoto, the author of a white paper on the… Read more »
A new online marketplace for vintage, and antique furniture and homewares, Bazaa, has raised $650,000 in pre-Seed funding from angel investors and syndicates. The idea is the brainchild of Voly cofounder Thibault Henry, and Aria Wigneswaran, a former director of e-commerce fashion marketplace Depop. Henry calls Bazaa a new way for people to discover, buy… Read more »
Fred again.., one of electronic music’s hottest artists, secretly arrived in Australia on February 27. In true Fred again.. fashion, that very same day, he announced a raft of shows in arena-sized venues across Sydney, Melbourne, and the Gold Coast. According to multiple sources, this amounts to over 100,000 tickets for shows in the coming… Read more »
Proptech startup FLK it over has raised $2.5 million as it looks to expand beyond real estate with its electronic document signing solutions. Former real estate agent Andrew Colagiuri founded the startup in 2016, setting out to make administrative tasks, such as tenant signing, less cumbersome. He previously raised $2.13 million in 2022 from the… Read more »
The final cohort of startups with the potential to be worth $1 billion has been chosen by LaunchVic for its 30X30 mentoring program. 30X30 is a leadership program helps develop and mentor scaleup founders and their executive teams to build their companies – and hopefully reach unicorn status: a $1 billion valuation by 2030. The… Read more »
The Queensland government’s support for women in startups has continued with two grant programs under the $8 million Backing Female Founders initiative currently accepting new applications. The Accelerating Female Founders Program provides grants worth between $50,000 and $200,000 for business support initiatives, such as mentoring and advocacy support and customised business development activities, for female-led… Read more »
Finder’s crypto product, Earn, complied with the financial law, the Federal Court has found, dismissing legal action launched by the corporate regular against the fintech. It was a comprehensive win against the Australian Securities and Investments Commission (ASIC) for Finder, with Justice Brigitte Markovic also awarding costs against the regulator. ASIC sued Finder Wallet for… Read more »
A New Zealand lake will be home to the world’s first electric hydrofoiling ferry, used to transport workers to a hydro power station. The Swedish-made Candela P-12 electric hydrofoil ferry will offer daily transport for workers at Manapōuri Power Station, Aotearoa’s largest hydro plant, on World Heritage-listed Lake Manapōuri, voted the country’s most beautiful lake. The… Read more »
Women make up just 27% of the STEM sector workforce across all STEM industries, and as they climb the leadership ranks, that number begins to drop to 23% of senior management and 8% of CEOs. On average, women still earn 18% less than men across all STEM industries. So a new podcast by Sydney tech… Read more »
The Victorian government’s startup arm, LaunchVic, has a new bucket of grants of up to $300,000 for specialised angel networks to invest in pre-seed and seed rounds in the state. LaunchVic CEO Dr Kate Cornick said the new grant round would work to inject more capital into the market when early-stage funding in Victoria remained… Read more »
Hostplus says Employment Hero CEO Ben Thompson wants them to “pay to play” to promote the super fund on the employee platform, but they’ve turned it down because it’s “undisclosed advertising”. In a statement to Startup Daily in the wake of Thompson publishing the letter from Hostplus to fellow investor, VC fund Airtree, which called… Read more »
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