Story Factory reading to children
News & Analysis

The Envato Foundation adds $500,000 more in support to charities for children’s education

- May 28, 2021 2 MIN READ

The Envato Foundation has ramped up its charity work adding two new organisations to its ongoing support program. The Foundation is the charitable arm of creative marketplace Envato, which donates 1% of the company’s annual pre-tax profits to fund its work.  Its new partners have a children’s education focus: online tutoring and education services support… Read more »

pizza being shared
ASX

The fast food company behind KFC and Pizza Hut is buying ASX-listed tech venture Dragontail Systems for $93m

- May 27, 2021 < 1 MIN READ

Restaurant tech venture Dragontail Systems (ASX:DTS) is being acquired by the US parent company behind KFC and Pizza Hut, Yum Brands, in a deal worth $93.5 million. Domino’s has been Dragontail’s leading customer in recent years. Its machine learning cameras monitor pizza quality and is the technology behind Domino’s Pizza Checker, as well as the… Read more »

News & Analysis

SPAC ATTACK: Brisbane EV charging venture Tritium heads to NASDAQ listing with $1.55 billion valuation

- May 27, 2021 3 MIN READ

Brisbane-based electric vehicle fast charging company Tritium will list on the NASDAQ exchange under a deal with a US listed special purpose acquisition company (SPAC) Decarbonization Plus Acquisition Corporation II (NASDAQ: DCRN) that values the 20-year-old Australian business at A$1.55 billion (US$1.2bn). Founded in 2001 by e-mobility pioneers Dr David Finn, James Kennedy, and Dr… Read more »

News & Analysis

Fintech Wise is bringing its 20 under 20 pitch competition for teen entrepreneurs to Australia

- May 25, 2021 < 1 MIN READ

Teenage entrepreneurs looking for their first big break into startups have the chance to impress Sir Richard Branson with the business smarts with global fintech Wise bringing its Eurovision-style pitching competition, Wise’s 20 Under 20, to Australia for the first time, up against contestants from the UK and EU. Now in its 4th year, Wise’s… Read more »

Funding

A new e-commerce startup backed by Catch Group’s founders lands $30 million from CBA before launching

- May 25, 2021 2 MIN READ

A new e-commerce venture originally developed by Catch Group founders Gabby and Hezi Leibovi’s has scored a record $30 million from the Commonwealth Bank prior to its launch. CBA’s taken a 23% stake in Little Birdie, valuing the business at $130 million before the online retail deals marketplace has sold a single product. The Melbourne… Read more »

Airtasker
ASX

Airtasker taps investors for $21 million, goes shopping, as it sets up for US & UK expansion

- May 24, 2021 2 MIN READ

Airtasker is tapping investors for more funds, seeking an additional $20.7 million just two months after raising $83.7 million during the company’s float on the ASX. The company (ASX: ART) is also spending A$3.4 million (US$2.6m) to acquire 10-year-old US services marketplace Zaarly, which has nearly 600,000 customers and 900-plus service providers, to accelerate its… Read more »

Artificial Intelligence

AI is now being used to predict traffic jams in Melbourne – and prevent them

- May 24, 2021 < 1 MIN READ

A pioneering project using artificial intelligence (AI) to predict traffic congestion up to three hours before it’s going to happen, and could change the way authorities control traffic in real time, has launched in Melbourne.  The University of Melbourne’s Australian Integrated Multimodal EcoSystem (AIMES) has partnered with PeakHour Urban Technologies, the Victorian Department of Transport,… Read more »

Lee Hatton - UBank
News & Analysis

Ignition Lane’s Weekly Wrap: Intersekt highlights, $100m Kiwi exit, tech sucker trade, the week in raises

- May 24, 2021 7 MIN READ

Welcome to Ignition Lane’s Weekly Wrap, where they cut through the noise to bring you their favourite insights from the technology and startup world. Ignition Lane works with ambitious business leaders to apply the Startup Mindset to their technology, product and commercialisation problems.  This wrap goes out free to subscribers every Saturday. Don’t forget you can catch Gavin Appel discussing… Read more »

Funding

Assembly Payments spin-off lands $25 million

- May 24, 2021 2 MIN READ

White-label payment technology provider, mx51, which last year span out of fintech Assembly Payments, has raised $25 million in its first round, led by Acorn Capital, Artesian, Commencer Capital and Mastercard. The Sydney-based fintech claims to be the first Australian fintech to develop a bank-grade, modern, Payment-as-a-Service platform, offering integrated payment solutions for merchants. Last… Read more »

News & Analysis

Your 90-second guide to the day in tech

- May 21, 2021 3 MIN READ

Hello and welcome to Friday. We took a bit of a break from the daily column while away for Intersekt, so here’s what caught our eye in recent days.    Apple’s known unknowns A week after Apple claimed it didn’t know its high-profile hire, Antonio Garcia Martinez, had written a New York Times best-selling book… Read more »