Australia is spending a fraction of its GDP on artificial intelligence and machine learning, compared to its international rivals, and will lose jobs without increased investment in the technology, experts says. Analysis by the University of Adelaide’s Australian Institute for Machine Learning (AIML), which is pushing to establish a National Centre of Excellence in Machine… Read more »
Melbourne-founded fintech Airwallex is the latest Australian startup to hit unicorn status following the closing of a US$100 million ($141 million) Series C round led by DST Global.
CRM software company Salesforce has launched a US$50 million ($70.5 million) Australia Trailblazer Fund to invest in local startups.
Artesian Venture Partners has partnered with the Grains Research and Development Corporation to launch GrainInnovate, a $50 million agtech fund.
GOFAR has created a device that, plugged into a vehicle’s diagnostic port, can track a driver’s performance, monitor the car’s health, and easily log mileage expenses via a connected app.
Women-focused ridesharing service Shebah has launched an equity crowdfunding campaign to raise funds for expansion.
After announcing its launch last November, investment bank Investec has raised $45 million to reach the first close of its Emerging Companies Fund 1.
Courier service Sendle has raised $20 million in a Series B round led by Federation, with participation from Full Circle Venture Capital, Rampersand, and Giant Leap Fund.
Auckland edutech startup Kami has raised $1.42 million (NZ$1.5 million) in funding led by Australian venture capital firm Right Click Capital.
Sydney startup Baraja has closed out a US$32 million (almost $45 million) Series A funding round, raising funding from Sequoia China, Blackbird Ventures, and Main Sequence Ventures.
“Equity crowdfunding is a way of getting started”: New Zealand’s Snowball Effect on the growth of crowdfunding
Snowball Effect launched to make it easier for investors to directly invest into companies after observing how difficult it could be in New Zealand.
If your pitch isn’t, well, pitch perfect, you run the risk of spooking potential investors and having to start again. You are asking someone to take a giant leap of faith and handover their cash to a perfect stranger with no guarantee of return.
HubSpot is the latest company to move into the corporate venture capital space, building on its handful of investments with the launch of a dedicated US$30 million ($41.5 million) fund.
Sydney workforce management startup Deputy has raised $111 million in a Series B funding round led by Silicon Valley firm IVP, which has backed the likes of Dropbox, Slack, and Twitter.