A Melbourne medtech building hypnotherapy-based apps so people can self-manage a range of illnesses has raised a US$12 million (A$17.8m) in a Series A. The round for Mindset Health was led by King River Capital, supported by Andrew Forrest’s Tattarange VC health fund Tenmile, Perennial Partners, impact funds Giant Leap and Alberts, Yard Ventures, WordPress founder… Read more »
Melbourne education tech startup Pivot has raised $1.4 million for its schools feedback platform to improve teaching. The round was led by the Catholic Diocese of Maitland-Newcastle and technology firm DiUS, with support from LaunchVic’s women-led investment program the Alice Anderson Fund. The funding will be used to re-platform the company’s survey-based technology and launch… Read more »
A new medical technology incubator program developed by the Medical Research Future Fund (MRFF) during the former Coalition government will offer up to $5 million in funding for early-stage medical research projects with commercial potential. The $50 million BioMedtech Incubator program is being backed by the MRFF and the Medical Research Commercialisation Initiative. Responsibility for… Read more »
Online retailer Kogan.com, along with six other ASX-listed companies, have been dropped from the S&P/ASX All Technology Index, as part of a quarterly rebalancing of indices. The change takes effect from today, March 20. Alongside Kogan.com (ASX: KGN), Dubber (ASX: DUB), RedBubble (ASX: RBL), Temple and Webster Group (ASX: TPW), Cettire (ASX: CTT), Frontier Digital… Read more »
Quasar Satellite Technologies, a space communications startup building ground station services to replace parabolic dishes has raised $6 million in pre-Series A. The round by CSIRO’s VC fund, Main Sequence Ventures, and included PAN Group, and Marc and Lindy De Stoop of Climatech Group. The company has also scored a $5.3 million Defence Innovation Hub… Read more »
Former Hartsyard owners Jarrod Walsh and Dorothy “Dot” Lee are diving back into restaurant game after Easter with a new venue at the Old Clare Hotel in Sydney’s Chippendale, across the road from UTS Startups. Longshore, a seafood-focused restaurant and bar, will open in mid-April at the former Automata site at the Old Clare Hotel, seating… Read more »
Artificial Intelligence (AI) has gone mainstream, but implementing it is still a major challenge according to a new report by the government-funded National AI Centre (NAIC). The report, Australia’s AI Ecosystem Momentum report, spoke to more than 200 business decision-makers and AI service providers about how they were using the technology to grow their revenues… Read more »
The Australian government’s ambition to “become the most cyber secure nation by 2030” is destined to fail unless customers demand “security certifications” from businesses, according to a leading data security expert. Lisa Byrne, from data strategy firm Notitia, said customers will be the catalyst for businesses to “wake up” to their responsibility to provide effective… Read more »
CSIRO-backed fintech DAS (Digital Agriculture Services) has raised $3 million in interim funding in a round led by the VC arm of Canadian communications giant TELUS. TELUS Ventures was supported by existing investors, which include CSIRO, Startmate and several high net worths – and ahead of a broader US series later this year. The business… Read more »
A software startup developed by two University of Queensland graduates has raised $200,000 in a Seed round backed by Melbourne VC Skalata Ventures. Lewi Software is tackling an unsexy part of asset management in the chemicals sector – wastewater management, which has suffered from underinvestment on the software from compared to the rest of the… Read more »
Victor Dominello won’t be NSW government minister cutting the ribbon on the fruits of several years of hard work building the Digital ID app. The member for Ryde retires from politics after 15 years when NSW voters go to the polls on March 25. But for the past several years he’s been driving digital innovation… Read more »
Customer relationship management (CRM) and revenue operations software startup Nexl has raised $4 million in new capital, backed by B2B-focused VC EVP alongside follow-on funds from Vulpes and Saniel Ventures. Nexl was founded 3.5 years ago by Philipp Thurner, who was head of innovation at top tier law firm Gilbert and Tobin. The software platform… Read more »
Privately-owned design platform Canva is among multiple Australian tech companies with funds stuck in Silicon Valley Bank (SVB), which was seized by Californian regulators on Friday after customers tried and failed to withdraw an estimated US$40 billion in funds. After an anxious weekend wondering if they’d see their money again, US officials stepped in earlier… Read more »
The US Treasury Department has intervened to guarantee deposits following the collapse of Silicon Valley Bank (SVB) and halt broader bank run jitters. Secretary of the Treasury Janet Yellen, Federal Reserve Board chair Jerome Powell, and Federal Deposit Insurance Corporation (FDIC) chair Martin Gruenberg released a joint statement on Sunday night, US time, amid concerns of… Read more »
Move over cows, a clinical trial of older Kiwis drinking deer milk has found it’s good for their health. The New Zealand study, by Massey University and commissioned by the government-owned farming business Pāmu, found drinking the company’s deer milk improved the nutritional status, muscle mass and physical performance of women aged 65 and above.… Read more »
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