AI-based workflow automation startup has raised $15 million in a Series A as it looks to ramp up its international presence. The round was led by King River Capital along with support from Peak XV’s Surge (the former Sequoia Capital India), and existing backers Galileo Ventures and Insight Partners. Relevance AI previously raised $4 million… Read more »
Perth startup Omni Biotech has raised a $300,000 in pre-Seed funding from Melbourne VC Skalata Ventures to help develop its hydration monitoring platform. Curtin and Stanford University graduates Will Poot and Zac Farrow are Omni’s cofounders and are using the existing optical sensors in smartphones and wearable devices to monitor a wearer’s hydration levels in… Read more »
US-based Fitbit has been ordered to pay an $11 million penalty in a Federal Court case brought by the ACCC for making false, misleading or deceptive representations to 58 users about their refund or replacement rights when a device was faulty. It’s the second time a Fitbit Group company has fallen foul of the consumer… Read more »
Fishburners, Australia’s largest startup community, is expanding its leadership team with the appointment of Majella Campbell as its Chief Operating Officer (COO). The move comes on the heels of Fishburners’ strategic vision to expand and deepen its influence on the Australian startup ecosystem as it continues to advance innovation in Australia, aligning with the broader… Read more »
The government has committed to a mere 7-day processing time for applicants of its newest skilled visa category in a bid to make Australia a more attractive for IT professionals as part of a set of long-awaited changes to the migration system. Migrants coming into jobs that earn at least $135,000 a year will have… Read more »
Sydney-based decision intelligence startup SourseAI has raised $3 million in Series A as it looks to expand in Europe. The round was led by enterprise technology investors Centerstone Capital, with cofounder Luc Maasdorp joining the SourseAI board. The startup, which now raised $5 million in total, has honed its focus since raising $1.5 million to… Read more »
Six Australian and New Zealand startups have scored funding from private health fund Bupa as part of its Eco Disruptive program, to help them develop pilot solutions that improve people’s health, as well as the planet’s. The program gives the startups involved the chance to work with Bupa’s expert teams to build their ideas faster… Read more »
If you’ve ever stared at your fridge contents like a Masterchef mystery box, wondering how to turn it all into dinner, then a new recipe platform, which just scored $4.15 million in Seed funding from the likes of Blackbird Ventures, could be the answer. Called Clove, it’s been developed by two former Canva employees, the… Read more »
Sydney user-generated video (UGV) startup Vloggi has launched a $750,000 equity crowdsourced funding campaign as it looks to ramp up its international focus. The campaign via CSF platform OnMarket is offering 250,000 full-paid ordinary shares at $3 each in Vloggi’s holding company Ciné Souk. Vloggi founder and CEO, Justin Wastnage re-launched in 2021, building his… Read more »
In the dynamic landscape of Australia’s entrepreneurial ecosystem, the recent inaugural Startup to Scaleup (S2S) Summit held on November 16 at the Sydney Startup Hub provided a long-awaited platform for founders and the start up community to connect and learn from each other. The event, organised by Tank Stream Labs, addressed a crucial gap in… Read more »
If you’re a VC looking to improve your track record on investing in startups led by women, bookmark this story. Twelve women-led startups are about to emerge from the University of Newcastle’s I2N Female Founders Program. The program’s main aim is to level the playing field for committed female founders to build their businesses and reach… Read more »
In the fast-paced world of tech, conversations around menopause may seem out of place. However, with women making up half the population and retiring on average seven years earlier than men (largely due to the effects of menopause on their health), this is not just a problem for individuals, but for business and the whole… Read more »
The sixth annual Pause Awards were held in Melbourne, recognising Australia’s most ambitious and innovative startups and tech companies for their innovation and financial success. There were 63 finalists across five category tracks – Growth, Excellence, Operators, Good, and Culture – and 32 winners, predominantly from Victoria and NSW in sectors ranging from health, to financial… Read more »
Science agency CSIRO has announced the 12 planned deep-tech startups selected for its ON Accelerate program in 2024. The ideas span everything from global health challenges to sustainability through circularity, and advanced manufacturing. The ON program gives university researchers access to a network of industry experts and investors, to help them refine and validate their… Read more »
A generative AI content production platform that has created more than 700 million images, and trained more than 470,000 custom generative AI models, since launching a year ago has raised $47 million, The next level version of OpenAi’s DALL-E, Leonardo.Ai was backed by Blackbird, Side Stage Ventures, Smash Capital, TIRTA Ventures, Gaorong Capital and Samsung… Read more »
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