A decade after the term “unicorn” was first coined to describe a startup worth more than $1 billion, software scaleup Deputy joined that rarefied atmosphere in 2024. Deputy became the first unicorn tech company to emerge in two years in Australia when a A$37 million buy in from a US strategic partner in March gave the… Read more »
Chefs have a saying: “fat is flavour”; but our relationship with fats has been complex and confusing for some time. We’re told some are good, some less so when it comes to animal fats. And now, with the rise of plant-based meat substitutes, giving them good fats that add flavour is a challenge Anna El… Read more »
Four Australian artificial intelligence-based startups will feature among 80 globally in the second AWS Global Generative AI Accelerator program. Contact Harald, Marqo, Relevance AI, and Splash Music were selected for the program and score up to US$1 million each in AWS credits, mentorship, and education to accelerate AI innovation with AWS. They’ll also get the chance… Read more »
Quantum sensors startup QuantX Labs has bagged a $2.7 million deal with the Australian government for optical atomic clocks for the Australian Defence Force (ADF). Two contracts will enable partners in the defence pact AUKUS between Australia, the US and UK, to develop position navigation and timing (PNT) capabilities in precision navigation and timing in… Read more »
Canva’s billionaire CEO and cofounder Melanie Perkins will kick off the conversations at South by Southwest Sydney (SXSW) next month, sitting down with one of the smartest minds in US venture capital, BOND’s Mary Meeker, to talk about her success. The duo will take the SXSW Sydney stage on Monday, October 14, to discuss Canva’s… Read more »
Generative AI and ChatGTP have their fans, but if you really want to excite someone, enlist technology to make their daily lives easier. And that’s just what The Laundry Lady, an online marketplace that deals with the drudgery of a washing, has done, bringing tech and innovation to a market we’re going to call household… Read more »
For millions with attention deficit hyperactivity disorder (ADHD), the traditional treatment is medications such as Ritalin and Adderall. But a Sydney medtech startup is hoping to change with with a headband that tracks and treats ADHD symptoms, without the side effects of drugs, in just 20 minutes daily. Neurode is the brainchild of neuroscientist Nathalie… Read more »
Former JP Morgan banker Ashleigh Greaves has joined boutique Queensland B2B VC Tribe Global Ventures to manage investor relations. Greaves already has a strong track record on that front having spent several years within the Corporate & Investment Bank (CIB) at J.P. Morgan in New York where she managed relationships with hedge funds and quantitative trading managers.… Read more »
The fight for venture capital in Australia isn’t just between local startups – they’re also increasingly competing with international founders for investor attention according to a new report from Asialink Business and the Tech Council of Australia (TCA). The Building the Australia-Asia Tech Corridor report explores the vital connections between Australia’s and Asia’s tech ecosystems… Read more »
Financial fraud has risen dramatically in recent years, and it’s not just scammers who are responsible. Banks are increasingly worried about what have been dubbed “liar loans”, where borrowers submit financial details that are less than truthful, amid pressures from rising interest rates. Fraudulent home loan applications increased three-fold since interest rates began rising in… Read more »
The biggest event on Australia’s fintech calendar, the two-day Intersekt conference, kicks off in Melbourne next Wednesday, September 18. This year, with more than 1100 delegates expected, with federal assistant treasurer and financial services minister Stephen Jones kicking off proceedings, and as he did last year, likely to outline the government’s focus for the year… Read more »
Lithium battery recycling startup Renewable Metals has added $8.1 million to its coffers as an extension of its Seed round, less than 12 months after previously raising $8m. The top up has seen existing investors, including Investible’s climate tech fund, which led the 2023 raise, Virescent Ventures and US-based philanthropic climate change investor, The Grantham… Read more »
B2B marketplace Directo, which streamlines logistics, invoicing and fulfilment for pharmacies and suppliers, has raised $2 million in fresh capital. The round was backed by industry leaders and existing shareholders, including former President of Pharmacy Guild of Australia (NSW) Paul Sinclair, current President of the International Pharmaceutical Federation, David Vaux and Leon Steinkoler. The Melbourne… Read more »
Startups with agritech solutions they’re hoping to take global have until this Sunday, September 15, to apply for the India Australia Rapid Innovation Startup Expansion (RISE) Accelerator run by national science agency, CSIRO Kicking off next month, the Climate Smart Agritech cohort of the RISE Accelerator program will focus on businesses with technologies and solutions… Read more »
Another startup hoping to tackle the problem of methane emissions from livestock has raised $7 million in a Seed round. But rather than seaweed, Number 8 Bio is using synthetic biology to create a cost effective solution to dealing with cow burps. The round was led by CSIRO-backed Main Sequence, with support from Breakthrough Victoria,… Read more »
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