Nick Hazell, the engineer and serial entrepreneur who turned v2food into a major force in plant-based meat, is back with a new plant-based idea to grow algae as a replacement for fossil fuels and plastics. His latest venture, Algenie, has raised $1.1 million in pre-seed funding from the University of Technology Sydney (UTS), Better Bite Ventures,… Read more »
The Albanese government will introduce legislation this term to enforce a minimum age for children to access social media. Prime Minister Anthony Albanese will make the formal announcement on Tuesday. This follows a discussion at last Friday’s national cabinet meeting, at which all states and territories, as well as the Commonwealth, committed to tackling what… Read more »
ASX-listed conversation insights platform Dubber (ASX:DUB) is hoping to put a horror six months behind it with the appointment of a new CEO, Matthew Bellizia, replacing former boss Steve McGovern, who was sacked in April amid an ongoing investigation into $26.6 million in missing company funds. Bellizia takes the helm today, having spent 21 years… Read more »
Twelve startups – with 10 having female founders – have been selected for the NSW government-backed Techstars Sydney accelerator. Artificial intelligence features heavily in the cohort, which spans health to sustainable fashion, parenting and support for women entrepreneurs, including Jamie, led by two female founders, which is developing an AI companion for women to assist… Read more »
The worth of SafetyCulture has become a game of snakes and ladders, with the 20-year-old workplace checklist app developer taking a $200 million drop in its valuation to $2.5 billion as VC AirTree becomes a late-stage convert in a $75 million raise. Just over 12 months ago, the scaleup’s valuation jumped $600 million for a… Read more »
A Newcastle-based battery storage startup backed by energy giant Origin has raised $17.5 million in a Series A. Allegro Energy has developed water-based Redox Flow Batteries (RFB) to store renewable energy and plans to build an 800 kWh pilot storage plant at Origin’s Eraring site later this year. The round was led by US climate change… Read more »
Talk is cheap when it comes to backing women in tech. But the surprising thing is that investing in them isn’t that expensive. Accelerator and investor Startmate, winner of Startup Daily’s Best in Tech Investor of the Year, has supported more than 800 women through its Women Fellowship programs over the last four years and… Read more »
The annual Startup Muster survey has extended its response deadline until this Monday, September 9. Already more than 150,000 questions have been answered in the free, independent report, which shines a light on the progress of Australian startups, as well as the challenges and opportunities they face. UTS Startups director of entrepreneurship Murray Hurps, the driving… Read more »
The remarkable success of employee management platform Deputy, which became Australia’s first tech unicorn in two years in March, has seen the 15-year-old tech company named Scaleup of the Year at the 2024 Startup Daily Best in Tech awards. The recognition, at a gala dinner with 270 guests at Sydney’s Ivy Ballroom had a certain… Read more »
Eight-year-old Sydney cloud data centre startup AirTrunk is set to be acquired by US private equity firm in a deal worth a reported $20 billion. The Financial Times reports that the cloud computing and artificial intelligence business, founded by CEO Robin Khuda, who immigrated to Australia from Bangladesh when he was 18, has been part… Read more »
Canva has announced a tripling of their prices for some of its users as the Australian tech company prepares for a public listing in the US. In the US, some users have had their subscription increase from $119.99 per year to $300 per year for the first 12 months – an increase of 316% –… Read more »
Autonomous navigation scaleup Advanced Navigation has new US-based Global Head of Defence, recruiting former US Army platoon leader and intelligence officer Wayne Prender to the role. The 12-year-old deep tech hardware venture, chaired by former PM Malcolm Turnbull, with legendary US Army general David Petraeus chairing its defence advisory board, is a world leader in… Read more »
Authorities in Brazil, the country with the world’s fifth largest number of internet users, have banned the social media platform X (formerly known as Twitter). The ban came into effect over the weekend. It followed a long-running battle between Elon Musk, the owner of X, and Brazil’s Supreme Court Justice Alexandre de Moraes who had… Read more »
Life sciences accelerator MTPConnect has teamed up with health tech industry giants CSL and Roche Diagnostics to launch a new program backing startups tackling cardiovascular disease (CVD) and diabetes. The $28.5 million Targeted Translation Research Accelerator (TTRA) is backed by the federal government’s $22 billion Medical Research Future Fund and will look to back promising drugs… Read more »
Two South Australian startups, one building a system to help locate and rescue astronauts stranded in remote areas on the Moon, the other, a lightweight spacecraft with AI capabilities, will be backed by state government with $100,000 each. Safety from Space scored the cash from the inaugural South Australian Space Collaboration and Innovation Fund for its… Read more »
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