Workplace software giant Atlassian is cutting around 5% of its workforce – 500 staff – with co-CEOs Scott Farquhar and Mike Cannon-Brookes say they “are deeply sorry”. The job losses comes just four months after Farquhar embarked on a high-profile national tour last October to recruit more than 1000 people for new R&D roles. In… Read more »
Concerns about the cryptocurrency, including pending Australian regulation, have not deterred cricketer Steve Smith from wading into sector, taking a minority equity stake in Perth crypto app Bamboo, and also becoming its brand ambassador. The move by Smith comes as US sports stars including NFL legend Tom Brady, NBA star Stephen Curry and tennis champion… Read more »
Google, now perhaps the most ubiquitous brand in the world, didn’t start out with that name. Larry Page and Sergey Brin launched their search engine on the Stanford University servers as BackRub – play on the fact that their nascent project was scouring back links on websites to index their importance. But within 12 months,… Read more »
We’ve all seen it – and then probably heard the reaction whispered cross the audience – and probably hashtagged on social media. “Sausagefest.” Another all-bloke panel. Ian Yip, founder and CEO of cybersecurity startup Avertro has seen them too, and most importantly he’s conscious of being complicit in it. Yip took to LinkedIn ahead of… Read more »
The NSW government is investing $64 million into the state’s the first two green hydrogen hub projects, in the Illawarra and Moree, as it also opens up applications for $1.5 billion in concessions for large-scale green hydrogen producers. The initial recipients are the BOC Illawarra Hydrogen Technology Hub and Sundown’s Keytah cotton farm near Moree.… Read more »
Five years after the TV company itself went belly up, Network 10 is bringing back its startup investment show, Shark Tank Australia, for a fifth series. The move comes at a time when the term “startup” is much more deeply embedded in the public psyche than eight years ago, when it originally kicked off in… Read more »
Tasmanian distillery Sullivans Cove is one of the pioneers of modern Australian whisky (Australia’s first legal distillery opened in Tassie in 1822) setting up shop down on Hobart’s waterfront in 1994. Its early years were a bit of a struggle, not without controversy, and the business changing hands twice. Then Patrick Maguire, who’d learnt the… Read more »
Melbourne link-in-bio startup Linktree has made three key US-based hires to build out its executive team under CEO and cofounder Alex Zaccaria. Snap’s former VP of Engineering Farnaz Azmoodeh has signed on as chief technology officer, while the business now has its first chief product officer in former Headspace chief product and content officer at… Read more »
Victorian startup agency LaunchVic’s ongoing support for female founders is continuing with a new grants program for organisations to run pre-accelerator programs for women entrepreneurs. Grants of up to $300,000 are available to support programs offering women founders with the advice, support and networks required to build a minimum viable product and find their first… Read more »
Amid concerns about students using artificial intelligence and programs like OpenAI’s ChatGPT to do assignments, we feel obliged to warn kids doing homework not to rely on it for biographical research. It seems one thing on the internet that the chatbot hasn’t bothered to scour for information is LinkedIn profiles, if the responses offering professional… Read more »
Sydney biotech company SpeeDx has raised $26 million for US expansion and to ramp up its diagnostic technologies for illness such such as cancer. The raise included $5 million from Dr Andrew Forrest’s new $250 million VC fund Tenmile, which the WA mining billionaire launched last year with backing from his private investment company, Tattarang. Existing… Read more »
Melbourne aerospace startup Kite Magnetics has revealed its 120 kW air-cooled electric motor, the world’s most powerful for planes, at the Avalon Air Show. The lightweight motor, made from a unique new magnetic material called Aeroperm, is more powerful than a small car engine but only weighs as much as a full suitcase. Kite Magnetics… Read more »
Former Victorian innovation, medical research and digital economy Jaala Pulford, has joined the board of medtech, biotech and pharma growth centre MTPConnect, replacing Sue MacLeman as chair. Pulford left politics after 16 years at the 2022 state election, and had a strong focus on medical innovation, having established mRNA Victoria and also playing a key role… Read more »
The horror run of losses at Kogan.com has continued in the first half of the 2023 financial year, with the online retailer’s statuary loss doubling on 12 months ago to $23.8 million as revenue and sales plummeted by around a third. Releasing its half-year results to December 2022 today, Kogan.com (ASX: KGN) saw gross sales… Read more »
Atlassian cofounder and renewables advocate Mike Cannon-Brookes has backed a new fund to finance grid-scale battery projects via his family fund, Grok Ventures. Canberra-based specialist fund manager Infradebt announced that Grok, JANA Diversified Infrastructure Trust and several existing family office clients had participated in the first close of its Infradebt Energy Transition Fund (ETF). The… Read more »
The team behind one of the coolest restaurants in Sydney’s Inner West, Hartsyard, have a new seafood place
Female-founded edtech startup Pivot banks $1.4 million to support student and teacher wellbeing
Dinner party marketplace Gathar launches Microwd crowdfunding campaign
Hypnotherapy medtech raises $17.8 million Series A
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