You might have seen viral videos of Wendy’s drive-thru customers in the United States ordering their fast food from the firm’s generative AI bot Wendy’s FreshAI. Most show a very human-like transaction punctuated with cries of amazement at how fast, accurate and polite the system is. While the system and others like it are in… Read more »
Startmate held Demo Day for its summer 2024 cohort at Blackbird’s Sunrise in Sydney last week and Startup Daily is profiling the 10 startups involved. Today it’s Carbonaught, which is using basalt rock as fertiliser for farmlands The global food system is broken, and the challenges on our horizon are even harder to swallow. In… Read more »
Judy Anderson-Firth is CEO of Euphemia, the family office of serial entrepreneur Dom Pym, founder of UpBank. She recently sat down with Cheryl Mack from Aussie Angels and Maxine Minter from Co Ventures to talk about her experience as an investor on their podcast, First Cheque. It’s both an aspirational and practical discussion, where Anderson-Firth shares… Read more »
Canva has a new $500 million shareholder – a Sydney private equity firm that previously made a fortune from pet food 
Envato founders exit in $373 million Shutterstock deal 
Former Siteminder duo raise $3.85 million for AI-based customer Q&A platform 
Breakthrough Victoria invests $37 million to lure US near-space exploration platform World View to Melbourne 
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Business strategy
Thinking of starting a small business? Exciting isn’t it? That was me nine years ago. I had an idea for a Registered Nurse led professional ear wax removal business using safe and gentle microsuction. In these nine years we have grown from one clinic opening four hours a week, to a nationwide business clearing the… Read more »
Funding
Gaming content generation platform Stori has rebranded as Nucanon having raised $500,000 in what the startup says is another pre-Seed raise. The latest round was led by Skalata with support Outlier Ventures, Paperclip Partners, and Sydney FC CEO Mark Aubrey, as well as existing investor Antler. Launched in 2022 by Nilushanan Kulasingham, who built his… Read more »
AI/Machine Learning
China’s Qitian Dasheng Network Technology is expanding its 72 Byte AI System for smart hotels and commercial buildings into Australia, with the help of a local AI expert. Launched in 2014 by entrepreneur Qi Wu (Allen), the Beijing and Shanghai-based company’s AI-powered IoT services are used by some of China’s leading hotel and real estate… Read more »
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