Cryptocurrency exchange BTC Markets is on the hunt for a new CEO after Caroline Bowler she’ll step down in early August after five years in the role. The 12-year-old digital asset exchange, which is used by more than 362,000 Australians who’ve traded in excess of $28.2 billion, has engaged Tier One People’s Dexter Cousins to… Read more »
Standards Australia has made its first early-stage investment, backing calculation tooling startup in $3.8 million pre-Seed round. The round for CalcTree was led by Foundamental, with support from Suffolk Technologies, Antler VC, Autodesk & Bentley employees. Standards Australia’s VC subsidiary, Kungari, invests in businesses innovating to improve safety, efficiency and quality across the economy, and… Read more »
Ongoing legal action over the assets of failed medications management startup StrongRoom AI have led the company’s voluntary administrators to extend their control to the absolute limit. A case management hearing due today has been moved to June 4, extending Federal Court-imposed asset freeze on four StrongRoom directors and the administrator, initiated by VC investor… Read more »
New Zealand’s deep technology incubator and venture firm, Outset Ventures, has secured NZ$41.5m (A$38.4m) close of Fund II. The final commitments from more than 150 investors are more than a third above the initial NZ$30m target. The Auckland-based firm’s alumni include Rocket Lab, LanzaTech and Mint Innovation. Outset’s Future House currently hosts more than 20 deep tech… Read more »
Corporate regulator the Australian Securities and Investment Commission (ASIC) is hoping it’s a case of third time lucky is its legal battle with cryptocurrency platform Block Earner, and will seek special leave from the High Court to appeal last month’s Full Federal Court decision to dismiss their case. ASIC is seeking a High Court’s ruling… Read more »
As taxpayer investments go, the NSW government is on a winner with the National Space Industry Hub, launched in 2021, with every $1 invested in the project resulting in the startups involved attracting $74 in external funding. Cicada Innovations and Investment NSW marked four years of the hub this week with a showcase of the technology involved,… Read more »
A number of large tech firms are backtracking after going all-in on AI and rehiring staff that were let go to save money. The recent rise of generative artificial intelligence tools such as ChatGPT led to many tech firms adopting an AI-first approach and either implementing hiring freezes or cutting staff and replacing them with… Read more »
A fintech startup developed through the Macquarie University Incubator program is hoping to carve out a slice of Australia’s Exchange Traded Fund (ETF) market offering lower fees and access to US markets. ETF Shares is the first new player in the local ETF market in more than a decade, launching this month after just six… Read more »
Sydney quantum software scaleup Q-CTRL has launched a series of free education and workplace development webinars to inspire future quantum leaders, Q-CTRL has leveraged the interactive learning modules by Black Opal to help to meet the growing demand for quantum-savvy employees. Sydney University quantum physicist Prof Michael J. Biercuk launched Q-CTRL in late 2017, pioneering… Read more »
ASX-listed logistics software giant WiseTech Global is betting more than 10% of the company’s current value on buying NYSE-listed US rival E2open for $2.1 billion (A$3.2bn). WiseTech shares rose 4.7% today to close at A$104.75 on the news. The 25-year-old Texas cloud-based SaaS platform reportedly connects more than 500,000 manufacturing, logistics, channel, and distribution partners… Read more »
Sales of new battery electric vehicles (BEVs) in the first quarter of 2025 have fallen to 2023 levels, while demand for hybrid cars as nearly doubled over the past two years. New figures from the peak motoring body Australia Automobile Association’s (AAA) quarterly EV Index reveal 17,914 BEVs were sold in the three months to… Read more »
In its most recent battle with authorities in Australia, X (formerly Twitter) has launched legal action in the Federal Court, seeking an exemption from a new safety standard aimed at preventing the spread of harmful material online. The standard in question is known as the Relevant Electronic Services Standard. It came into effect in December… Read more »
Fresh off a wedding and honeymoon in Hawaii, Cheryl Mack is in the building to join AJ in guest hosting duties. And what better way to ease back into reality with a deep dive in to the Government’s proposed superannuation tax with startup legend Alan Jones of M8 Ventures. As two people at the coalface… Read more »
Preve, a physiotherapy platform that uses AI to personalise treatment plans, has raised $2 million in seed funding led by Carthona Capital. Preve was founded by Adam Beaupeurt and physiotherapist Caelum Trott as a way to help people do the hardest, and most important, part of physio: sticking to the exercises. “Physios want their patients… Read more »
Payments platform Airwallex has finalised a $232 million (US$150m) Series F funding round at an eye-watering $9.6 billion (US$6.2 billion) valuation. The company – which was founded in Melbourne but is now headquartered in Singapore – has already dinged the $1 billion annualised revenue mark and is on the hunt to keep expanding its global… Read more »
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