AO StartUps, the incubator program by Tennis Australia, which nurtures tech companies in sport, has chosen seven ideas for its mid-year intake. Tennis Australia Head of Innovation Dr Machar Reid they had hundreds of applications from companies across the globe before having to choose just seven. “We were so impressed with the diversity and quality… Read more »
Former Wisr CEO Anthony Nantes is facing criminal charges, the ASX-listed fintech has revealed, just days after it sacked him as CEO, with his brother and the company’s chair, John Nantes, taking a two-month leave of absence to avoid any perceived conflict of interest. In a market update on Monday, the Wisr (ASX: WZR) board… Read more »
One thing artificial intelligence is not good at generating is irony. That takes something, or someone like a US District Court judge, who last week ruled that a piece of art generated by AI can’t be subject to copyright. It’s not a new idea, but rather reinforces the status quo around intellectual property when its… Read more »
School management software scaleup Compass has won the tender to supply more than 800 of Western Australia’s Public Schools with its technology – a project it will deliver in partnership with ASX-listed TechnologyOne. The deal, which is worth more than $9 million annually over seven years, with an option for extension, will see Compass expand… Read more »
On Saturday, X (formerly Twitter) chairman Elon Musk tweeted he would be removing the microblogging platform’s block function. It would remain intact for direct messages, but would otherwise become obsolete. This is the latest in a series of controversial and often confusing moves from Musk since he took ownership of the platform in October 2022.… Read more »
The growing wealth of the top end of town has seen an explosion in the creation of family offices over the last decade, according to new analysis. That boom is good news for anyone looking to work in the space, since it’s a lucrative role according to the KPMG Australian Family Office Compensation Benchmark Report… Read more »
Shares in online retailer Kogan.com fell nearly 14% in early trade on Tuesday after the company revealed sales had fallen 28%, revenue dropped 32% and the business posted a 26% fall in gross profit for the 2023 financial year. The statutory net profit after tax (NPAT) loss was $25.9 million an improvement on FY22’s $36.2… Read more »
Sydney satellite monitoring startup HEO Robotics has raised $12 million in a Series A two years after its last round. The raise was led by Sydney VC AirTree Ventures with support from the new $40 million sovereign capabilities early-stage fund Salus Ventures. Salus invest up to $1.5 million into initial rounds for cutting-edge tech for… Read more »
It was National Science Week last week and as it is with nearly every discussion on every front, artificial intelligence (AI) was in the spotlight. With automation and AI revolutionising the world, this year’s program examines innovation and technological advancements across all fields. We asked four To try and flesh out some of the ways… Read more »
NSW hydrogen technology startup Hysata has a $23.9 million war chest for its plans to transform the production of renewable energy thanks to the support of the Queensland and federal governments. Hysata opened a new electrolyser manufacturing facility at Port Kembla, south of Sydney, this week with the federal government-backed Australian Renewable Energy Agency (ARENA)… Read more »
A Melbourne startup founded by two former Amazon employees to improve online search for related objects has raised US$5.2 million (A$8.1m) in a Seed round led by Blackbird. Marqo is an AI-powered vector search engine. Vector search is a way to find related objects with similar characteristics using machine learning to find semantic relationships. The raise was… Read more »
Researchers and clinicians with startup ideas in the medtech and biotech space can apply for a new startup accelerator that’s writing cheques worth up to $5 million to bring their ideas to market CUREator+ is a new $50 million incubator program by Brandon BioCatalyst and ANDHealth, backed by the federal government’s Medical Research Future Fund… Read more »
Sydney virtual reality startup Curiious has found a new niche for its technology, helping companies embrace 3D worlds for customer engagement, job training and marketing. The veteran visual content business Curiious, best known for its Vivid Opera House projections, this year featured the late artist John Olsen, has raised $1 million led by seed VC… Read more »
An expat Queenslander who found his fortune building HR data analytics startup One Model in the US has scored funding from the state government-backed QIC as part of a US$41 million (A$64m) Series B. The investment will see HR Data and Analytics expert Chris Butler, who grew up in Brisbane, studied IT and software engineering… Read more »
While the failure of online retailer Brosa was a $4.5 million hit to the bottom line of ASX-listed venture capital firm Bailador Technologies Investments (ASX: BTI), the sale of healthtech startup InstantScripts was a massive win for investors in a difficult 12 months revealed in the company’s annual results today. Ironically, it was another ASX-listed… Read more »
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