The federal government’s $15 billion National Reconstruction Fund has made its third investment, tipping $25 million to lead a $50 million raise by Internet of Things (IoT) satellite builder Myriota. It’s the first raise in four years by the Adelaide space tech startup since former PM Malcolm Turnbull was among the backers of a $28 million… Read more »
A consortium of 21 startups, space and manufacturing companies, mining giant BHP and several universities will collaborate in a project to put an Australian-made rover on the Moon. The ELO2 Consortium, co-led by EPE Oceania and Lunar Outpost Oceania, is part of NASA’s Artemis Moon exploration program. The group has been charged with a $42… Read more »
Facebook’s parent company, Meta, has struck a $50 million deal with the Australian Information Commissioner to settle a Federal Court case over privacy breach involving the Cambridge Analytica political scandal. While it’s the second largest settlement struck by Meta over the matter, its a fraction of the US$725 million (A$1.14bn) the tech giant paid to… Read more »
Sydney marketing technology startup Upflowy is about to release an AI-enabled marketing copilot, called ‘Psyke’, to help agencies, marketing teams, and companies create content that’s on-brand in hours, not weeks. Cofounder and CEO Guillaume Ang said Upflowy’s focus is delivering trust in AI at scale. “We help companies do the marketing functions that take up a… Read more »
UNSW Sydney will be the first Asia-Pacific university collaborating with the US-based OpenAI to deploy ChatGPT Edu. The deal will allow UNSW researchers, educators and students to use OpenAI’s artificial intelligence tools on a secure platform, which means academics can protect their intellectual property and keep their prompt questions private while using the generative AI… Read more »
A month after making its ASX debut in a reverse takeover, startup investor, advisor and accelerator Scalare Partners has seen its share price slide 28%, wiping around $6.5 million from its market capitalisation. As tech listings go, it’s been a less than auspicious start as a public company for Scalare (ASX: SCP), which bills itself… Read more »
The company running the Kraken crypto exchange in Australia has been handed an $8 million penalty by the Federal Court for unlawfully issuing a credit facility to more than 1100 customers. The fine follows legal action by the corporate regulator ASIC against Bit Trade Pty Ltd, launched in September last year, over its ‘margin extension’… Read more »
Big tech companies would have to either do deals with news organisations to help fund journalism or pay a charge to the Australian government, under a new plan announced by the Albanese government on Thursday. The new plan follows the Morrison government-era system introduced in 2021 known as the news media bargaining code, which saw… Read more »
South Australian startup Fleet Space Technologies has raised $150 million in a Series D that values the satellite developer and data analytics platform at more than $800 million. The round was led by Canada’s Teachers’ Venture Growth, the VC arm of Ontario Teachers’ Pension Plan. Existing investors Blackbird Ventures, Hostplus, Horizons Ventures, Artesian Venture Partners,… Read more »
ASX-listed music and media company Vinyl Group is broadening its publishing portfolio yet again, acquiring the city guides site Concrete Playground in a deal worth $5 million. Vinyl (ASX: VNL) has signed binding Heads of Agreement to acquire the 15-year-old digital lifestyle brand for $3.5 million in cash and $1.5 million in Vinyl shares, with… Read more »
A demonstrations of the power of equity crowdfunding (CSF), market leader Birchal is a testimonial for its own platform with more than 800 investors pouring $2 million into the company’s own raise in just 29 hours. While it doesn’t beat the 63 minutes it took Birchal to raise $3 million in 2022, it’s still the… Read more »
Geospatial tech startup Terria has spun out of science agency CSIRO, after raising $3 million in a Seed round backed by deep tech VC Main Sequence. Terria organises and visualises spatial data in digital twin formats to make data accessible It simplifies the complex process of creating digital twins, and online virtual replicas of buildings,… Read more »
A fintech that set out to streamline funds management in the private credit and real estate sectors has raised $3.2 million from strategic investor and customer Balmain. The unit registry and fund administration software startup was founded in 2023, and last year Caruso raised $3 million, led by VC Icehouse Ventures, with support from GD1,… Read more »
A Brisbane startup bootstrapped for six years by its father and son cofounders has raised $22 million in its first venture round backed by several startup unicorn startup founders. The raise for Askable, which values the market research software company at $100 million, was led by Sydney VC AirTree with support from Kim Jackson’s Skip… Read more »
Air-conditioning energy and emissions reduction startup, Conry Tech, has raised $1.6 million in a pre-Seed round led by Bandera Capital with support from Kiwi VC Pacific Channel. The Melbourne startup was cofounded in 2020 by long-term collaborators Ron Conry and Sam Ringwaldt, both experts in developing HVAC (heating, ventilation, air-conditioning) products that cut CO2 emissions.… Read more »
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