ASX

Telstra’s tech arm goes on IoT acquisition spree, buying two more startups

- January 31, 2022 2 MIN READ

Telstra Purple, the telecommunication giant’s business technology services offshoot, is acquiring two local tech startups to bolster its IoT capabilities. The deals include Aqura Technologies, a subsidiary of ASX-listed Veris, snapped up for $30 million – figure that nearly matches the parent company’s market cap. Aqura supplies tech and telecommunications infrastructure solutions including industrial wireless,… Read more »

Fleet Space Technologies
Space

Nanosatellite startup Fleet Space raises $36 million series B

- November 17, 2021 2 MIN READ

Adelaide satellite startup Fleet Space Technologies has raised US$26.4m (A$36m) in a series B. The round was led by existing backers Artesian Venture Partners, Blackbird Ventures, Mike Cannon-Brookes’ Grok Ventures, and Horizons Ventures – the private investment arm of Hong Kong billionaire Li Ka-shing – with new investors including Alumni Ventures, Hostplus, the South Australian… Read more »

Space

Australian IoT space startup launches US satellite deal with Spire Global

- September 22, 2021 2 MIN READ

South Australian Internet of Things (IoT) nanosatellite startup Myriota has signed a deal with US-listed satellite data company Spire Global. The deal will see Myriota, which has its own small fleet of nanosatellites, piggyback on Spire’s low-earth orbit nano-satellite network to accelerate its IoT plans. The Australia company is Spire’s first first large-scale, commercial, IoT-focused… Read more »

Other tech

The Asia-Pacific market for Internet of Things devices is set to quadruple to $436 billion in just five years

- April 27, 2021 3 MIN READ

Internet of Things devices will soon be used to power and better manage cities’ transportation, power grids and security, with the rise of smart cities to drive unprecedented demand in connected devices. According to a new report by Frost & Sullivan on the growth of the IoT market, spending on smart cities around the world… Read more »