It has been relatively quiet on the startup funding front this week: we’ve counted only two local startups with fresh capital raises. But Australian talents are still shining abroad, with one founder raising tens of millions of dollars for a new tool empowering sales teams. Keep reading to learn more about 2cloudnine and SeaStock, which… Read more »
“You treat us like a pack of galahs. [That’s a kind of parrot.] Just because I don’t wear a tie or spend all day buried in a manual doesn’t mean I’m a drongo. [That’s a hopeless …]” What’s your favourite line from the movie ‘The Dish’? Created and written by Rob Sitch, Jane Kennedy, Tom… Read more »
Supermarket groceries bought on delivery apps such DoorDash, UberEats and MilkRun will cost you around 12% more than if you’d bought them in-store, analysis by consumer group Choice has found. Add the delivery fee and the premium on a basket of 13 everyday items , from Woolworths, Aldi, and Coles, worth around $45 is between… Read more »
OpenAI is steadily embedding itself in the Australian government, with the US tech giant winning its second contract without any competition as the public sector is encouraged to embrace public generative AI tools. The Digital Transformation Agency (DTA) last week issued new guidance recommending agencies and departments be encouraged to use public generative AI tools… Read more »
After facing a major health scare, Sydney grandparents Ken and Adelle Alexander could have focussed on their own physical and mental wellbeing through retirement. Instead, that difficult experience inspired the couple to give back to their community — in the form of a new smartphone app. “We couldn’t really do it financially, because we’re both… Read more »
The world’s largest cloud computing platform, Amazon Web Services (AWS), experienced a major outage that has impacted thousands of organisations, including banks, financial software platforms such as Xero, and social media platforms such as Snapchat. The outage began at roughly 6pm AEDT on Monday. It was caused by a malfunction at one of AWS’ data… Read more »
The CEO of industry lobby group the Tech Council of Australia, Damian Kassabgi, is tossing in his job after less than two years in the role to focus on his young family, based in Northern NSW. Kassagbi, a former Afterpay, Google and Uber executive who took over from inaugural CEO Kate Pounder, now at OpenAI,… Read more »
ANZ has shut down another startup backed by 1835i, the bank’s former VC fund, which it also terminated earlier this month, DataCo Technologies, developed inside the 1835i Creation Lab, helped businesses collaborate safely on customer data sharing. Its closure follows the shutdown of fintech Cashrewards last month, despite a $100 million investment and the sale of… Read more »
Melbourne data security engineering platform Redactive AI has been acquired by pan-Pacific data management firm RecordPoint. The startup, cofounded by ex-Atlassians Andrew Pankevicius and Alexander Valente, plus AI Engineer Lucas Sargent, exits after just two years in business. The terms of the deal were not disclosed. Their goal was to tackle the missing AI engineering… Read more »
Investment NSW director of innovation Liza Noonan is leaving the government to become Cicada Innovations CEO. Noonan replaces Sally-Ann Williams, who stepped down in mid-2025. Noonan will take the helm of the Sydney-based deep tech incubator on November 3. The move ends a 3.5-year stint in various roles inside the NSW government, during which Investment… Read more »
Startmate is getting into the streaming business with the next evolution of its Accelerator program – dedicated Founder Streams. Streams is designed to deliver more focused, hands-on support for founders across key startup sectors. It also features Stream Leads, experienced founders who’ve lived the journey themselves, to guide startups through tailored 12-week programs focused on… Read more »
I’m personally pro-tech and use AI every day. I’m genuinely excited by progressive tools that expand what creators and businesses can do. But the pace of what’s happening — and how it’s being rolled out — has been eye-jarring: creators sidelined, copyright murky at best, implementation racing ahead of consent. Right now it feels like a land-grab: who can… Read more »
FinTech Australia has warned that financial and other digital technologies risk being unintentionally excluded from future innovation funding unless explicitly recognised in the federal government’s current Strategic Examination of Research and Development (R&D). The fintech peak body argue its case in a submission to the R&D review’s expert panel, led by Tesla chair Robyn Denholm,… Read more »
When Australian Prime Minister Anthony Albanese meets US President Donald Trump on Monday, the visit is expected to seal major big tech investment deals on artificial intelligence (AI) and data centres. In the lead-up, Atlassian cofounder Scott Farquhar (in his role as chair of the Tech Council of Australia) has been pitching a plan to… Read more »
After last week’s $211 million raised across six startups – that largely to Heidi Health’s $98m Seris B as well as details of Octopus Deploy’s 2024 $45.6m round emerging, mid October seems more normal, with six Australian companies collectively raising a collective $13.4m. The biggest raise came from GXE, which secured $3.3 million in Series… Read more »
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