Supply chains are incredibly complex networks with many different sources of data across business units and stakeholders that need to be analysed and integrated. Both Dr Hassan Mirzahosseinian and Dr Aghil Rezaei Somarin saw these issues first hand having worked with many large enterprise clients in both product development and consulting. In a bid to… Read more »
A mining tech venture spun out of an ASX-listed mining services company has tanked on debut, falling 46%. Perth-based Orexplore Technologies (ASX:OXT) demerged from parent company Swick Mining Services (ASX:SWK) and made its debut today having raised $2.44 million at $0.25 per share. Orexplore shares closed at $0.135, down 46% amid a general hammering for small… Read more »
An Australian software developer has accused Australian border authorities of abusing their power to search his phone when returning home from a recent holiday. Taking to Reddit to share his experience with others, the traveller, James, says he has concerns that the Customs Act allows officers at the border to force people to hand over… Read more »
The former CEO of fintech startup Spaceship has been banned from acting in the financial services sector for six years by the corporate regulator, ASIC. Paul Kevin Bennetts, of Elanora Heights on Sydney’s Northern Beaches, was found to have dishonestly obtained his Australian Institute of Company Directors (AICD) qualification following an investigation by the company… Read more »
You might remember hearing a lot about green hydrogen last year, as global pressure mounted on Australia to take stronger action on climate change ahead of the COP26 Glasgow summit last November. The government predicts green hydrogen exports and domestic use could be worth up to A$50 billion within 30 years, helping the world achieve… Read more »
Adelaide real estate software company HappyCo has raised US$52 million (A$72m) in a Series B and it looks to ramp up its US expansion. The raise was led by US venture capital firm Camber Creek. The cash will be used to develop new services and hire more Australian staff as co-founders Jindou Lee and Andrew… Read more »
US VC Tiger Global has backed a B2B marketplace developed by the former CEO of eCommmerce platform Catch with a $28 million investment. Tiger previously backed Catch, and this week has also chipped into a Sydney grocery delivery startup’s $75 million Series A. TradeSquare is a B2B wholesale marketplace launched in 2020 by former Catch… Read more »
US VC giant Tiger Global Management has backed one of the multiple local startups hoping to carve out a slice of the rapid grocery delivery market, leading a $75 million Series A into Milkrun. Founded by Koala co-founder Dany Milham, the 10-minute delivery service only launched four months ago, having previously raised A$11 million in… Read more »
Customer research platform Dovetail has raised US$63 million (A$87m) in a Series A for the software startup’s first major funding round. The raise was led by Accel, with participation from existing investors including Blackbird, Felicis Ventures, Grok Ventures, and CultureAmp CEO Didier Elzinga. New backers include Slack CEO Stewart Butterfield, Wedflow CEO Vlad Magdalin and… Read more »
Australian startup Car Next Door has sold to the US tech giant Uber after a decade in business. The price of the acquisition was not disclosed The peer-to-peer car rental platform first launched in Sydney in 2012 and now operates in all capital cities except Darwin, as well as the Gold Coast, Cairns,Launceston, and Newcastle.… Read more »
In the B2B sales world, growth is usually a function of connections, capital and crew. For emerging brands, these resources are often in short supply. For this reason, brands are limited in their ability to increase revenue in a short period, and retailers need to constantly find new stock for their customers to keep them… Read more »
The global expansion plans of Canadian ecommerce company Maropost continue with the acquisition of 15-year-old Australian retail platform Retail Express for CN$55 million (A$61m). Retail Express is the Australian & New Zealand leader in point-of-sale systems for mid-market and enterprise retail brands. Founder and CEO Aaron Blackman has bootstrapped the business since its launch in… Read more »
A Sydney edtech startup helping people unlock the power of cloud software has raised $1.3 million in a seed round. The raise for Saasguru was led by Sydney VC Square Peg, with support from Black Nova and comes just six months after the venture was formed . Co-founders Amit Choudhary and Atif Saad developed their… Read more »
Experts are warning the Reserve Bank of Australia (RBA) needs to be extremely carefully about how it pursues a Central Bank Digital Currency (CBDC) with fears it could destabilise the economy or create a dystopian nightmare. Central banks around the world are now exploring the evolution of fiat currency through CBDCs in response to the… Read more »
Before Australia’s recent changes to COVID testing, working out when we reached the peak of cases was, in principal, straightforward. We looked at the numbers of new daily cases, diagnosed via PCR. From there, we worked out a range of other key indicators related to COVID spread, testing and hospitalisation – each dependent on those… Read more »
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