NSW startups looking to break into the Vietnamese, Indonesian and Malaysian markets have the support of the state government thanks to deals that will launch coworking sites as bases in the three countries. The International Landing Pads program will give nine startups access to workspace, networks and services to scale in SouthEast Asia. In return NSW… Read more »
The amount of capital flowing into local fintechs is nearly double the known figures according to estimates from funding analytics firm Techboard, which has launched a new report into investment in the sector. Some of that funding includes millions into VC-backed startups with around $684 million in unannounced funding discovered alongside $769m in announced deals… Read more »
The She Loves Tech Oceania Regional Pitch Finals is on in Melbourne this Monday and is set to be a landmark event, showcasing some of the most innovative women-led and women-impact tech startups from across the Oceania region. As the world’s largest community and acceleration platform dedicated to closing the funding gap for women in… Read more »
The Australian quantum sector will now face harsh criminal penalties if it shares information or technology, even accidentally, with individuals from overseas after quantum technology was brought under the export control scheme. The Department of Defence unveiled the first changes to the Defence and Strategic Goods List in three years, with quantum computers officially added.… Read more »
Artificial intelligence startup Curious Thing AI, which is at the forefront of AI-powered voice responses to phone calls, now has a solution for annoying spam and robocalls. The Sydney-based voice communication platform’s flagship product for small-to-medium enterprises (SMEs), Lucy, is an AI phone agent designed to replace traditional voicemail systems to help companies and people… Read more »
There’s plenty of startup action happening in the Sunshine State at the moment, and that’s on show this week at Something Tech. The two-day festival, August 29-30, once again brings together Queensland’s tech and innovation community in their own unique way for “a saturation of expertise, community sharing, and networking”. Festival cofounder Pauline Fetaui, from… Read more »
The selection of Abigail Bradshaw as the new head of Australia’s cyber spy agency, the Australian Signals Directorate (ASD), sends a strong message. It confirms the government’s increasing intelligence focus on domestic cybersecurity, both to disrupt foreign influence operations and to promote better protection of our national cyber systems. The ASD is so far succeeding… Read more »
Queensland farm management tech platform Inform Ag has sold of 43% stake in the business for $7 million in its first external raise, 12 years after launching. The cash came from a customer, the ASX-listed Rural Funds Group (ASX: RFF) in something of a strategic shift for the agricultural fund manager, which has traditionally invested… Read more »
Victoria’s Walter & Eliza Hall Institute (WEHI) for medical research as built a $66 million venture capital war chest to back medtech startups over the next decade, turning the institute’s work into commercial biotech companies. The strategic investment fund, 66ten, managed by WEHI Ventures, will back pre-Seed and Seed rounds in the hope of bridging… Read more »
Australian mining magnate Dr Andrew ‘Twiggy’ Forrest is a step closer to holding Meta to account for deepfake scam advertisements, after the dismissal of an appeal by the tech giant marked the first time it has failed to hide behind a US law widely seen to provide blanket immunity online. Forrest first discovered his image… Read more »
When Pavel Durov arrived in France on his private jet last Saturday, he was greeted by police who promptly arrested him. As the founder of the direct messaging platform Telegram, he was accused of facilitating the widespread crimes committed on it. The following day, a French judge extended Durov’s initial period of detention, allowing police… Read more »
Bunnings CEO Michael Schneider, former Tech Council CEO Kate Pounder and ex-NSW Premier Dominic Perrottet turned BHP advisor are among a new board members of a new political think tank led by Square Peg’s Paul Bassat. Amplify is a non-partisan organisation, independent of political parties, and says it’s seeking to find the “uncommon ground” on… Read more »
Data analysis startup WhyHive has raised $600,000 in a pre-Seed round. The company’s first raise comes after six years of bootstrapping and was led by Skalata Ventures, with support from Culture Amp’s Jon Williams, Linktree’s Alex Zaccaria and Up Bank’s Dom Pym. The Melbourne startup describes itself as “like Canva, but for data: easy to… Read more »
Brisbane battery company Redflow has been placed in voluntary administration and its shares suspended from trade just weeks after unveiling plans for a 5 MWh project with Queensland’s energy generators, Stanwell Corporation. Richard Hughes and David Orr from Deloitte were appointed voluntary administrators of Redflow and three subsidiaries by its board on Friday, not long… Read more »
Indian venture fund Peak XV Partners (formerly Sequoia Capital India) has backed fintech Shift in a $35 million Series D. The VC previously led Shift’s $27 million C in February 2023 before its rebrand to Peak XV. Several existing shareholders were also part of the Series D equity round. The decade-0ld Sydney fintech provides offers… Read more »
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