News & Analysis

Airtasker’s Tim Fung backs boat rental startup Flotespace and gets aboard as an advisor

- December 1, 2020 2 MIN READ

Airtasker founder and CEO Tim Fung has invested in the boat and yacht rental startup, Flotespace’s seed round raise, and will join the company as an advisor. The size of the round has not been disclosed and involved multiple investors. Sydney-based Flotespace the ‘Airbnb for boat experiences’ is a concierge service for boat and yacht… Read more »

News & Analysis

Australian-designed electric air ambulances are set to hit the sky by 2023

- November 26, 2020 2 MIN READ

Sydney startup AMSL Aero has built a battery-powered Vertical Take Off and Landing (eVTOL) aircraft with a cruising speed of 300kmh that could hit the skies as an air ambulance in 2023. The Vertiia eVTOL prototype, developed in conjunction with University of Sydney researchers and Australian aeromedical company, CareFlight, can travel at twice the speed… Read more »

News & Analysis

Kiwi electric engine startup ZeroJet wants solve the boating industry’s massive pollution problem

- November 19, 2020 2 MIN READ

New Zealand engineering startup ZeroJet is hoping to transform the boating industry by replacing outboards in a five year plan that would be like taking 1.5 million cars off the road.  The Auckland-based company, founded in 2015 by Neil Mans and Bex Rempel, built the world’s fastest and lightest electric jet boat, with a top… Read more »

News & Analysis

Envato’s creative community just hit US$1 billion in earnings ahead of expectations

- November 13, 2020 2 MIN READ

Creative marketplace Envato has hit a new benchmark, with its 81,000 content creators earning more than US$1 billion. Company chair and co-founder Collis Ta’eed, who last month stepped down as CEO last month, 14 years after launching the company, said they reached the milestone a year ahead of expectations. “The $1 billion goal has always… Read more »

News & Analysis

A former pro tennis player has developed an artificial intelligence app to make everyone’s game better

- October 31, 2020 2 MIN READ

A tennis app utilising artificial intelligence is set to revolutionise player analysis and coaching interaction. Developed former professional tennis player Dr David To in Adelaide, South Australia, the subscription-based Tennis AI app launched last week and is available globally. The AUD$10 a month subscription allows players to upload videos of their games and training sessions… Read more »

News & Analysis

The tech startup behind the wildly successful SWEAT app by Kayla Itsines has now redeveloped a smartphone app to trace biological threats

- October 27, 2020 2 MIN READ

Flinders University in South Australia has teamed up with a company that made its name developing a popular fitness app to create an app that can track and trace biological threats. The Torrens Resilience Institute (TRI) at Flinders University in Adelaide, South Australia worked with web and mobile app developer PixelForce to develop the smartphone… Read more »

News & Analysis

MYOB’s acquisition spree continues with GreatSoft in its sights

- October 27, 2020 < 1 MIN READ

Private equity-owned accountancy software firm MYOB is ramping up the practice management solutions side of its business with plans to acquire cloud-based software provider, GreatSoft. The move comes after MYOB recent took a majority stake in workforce management software Roubler. The acquisition, now under review by competition regulator the ACCC, will integrate GreatSoft’s cloud-based practice… Read more »

News & Analysis

IKEA’s Adelaide store will be self-powered by 2025 as the retailer eyes a move into renewable energy generation and supply

- October 14, 2020 2 MIN READ

IKEA Australia will install solar panels generating 1.2MW of electricity on the rooftop of its Adelaide store as it moves towards operating with 100% renewable energy by 2025.  The project will create largest grid-connected commercial microgrid, connecting with the South Australian power network, and will be coupled with a 3.4MWh onsite battery – think around… Read more »

News & Analysis

Two brothers who created an anti-theft motorbike tracker have turned their solution into a startup

- October 13, 2020 2 MIN READ

When brothers Nathan and Trent Torkar went looking for affordable and reliable ways to protect their motorbikes from theft, they couldn’t find a solution. So they decided to invent one using a portable GPS tracker. The result is their security startup Solid GPS, which works on everything from bikes to cars, trailers and caravans, helping people… Read more »

News & Analysis

Intelligent transport is hitting the road in Queensland

- October 7, 2020 2 MIN READ

A South Australian-based V2X technology company has today begun a connected vehicle trial in Queensland which will help explore the future of co-operative intelligent transport systems. About 500 vehicles will be fitted with Cohda Wireless’s MK5H on-board units as part of the Ipswich Connected Vehicle Pilot (ICVP). Cohda Wireless’s V2X (vehicle to everything) technology allows… Read more »

News & Analysis

Workplace tech unicorn SafetyCulture buys EdApp in $40 million deal

- September 15, 2020 2 MIN READ

Workplace tech platform SafetyCulture has made its first acquisition, taking over mobile training startup EdApp in a deal that values the business at $40 million. SafetyCulture, most recently valued at $1.3 billion following a $60.5 million raise, has invested $9 million in five-year-old EdApp in recent years, including $1 million convertible note in early 2020.… Read more »