People

Time declares Mike Cannon-Brookes as one of the world’s top 100 influential people

- May 24, 2022 2 MIN READ

Time Magazine has named Atlassian co-founder and co-CEO Mike Cannon-Brookes as one of the 100 most influential people of 2022.   The tech entrepreneur and net zero advocate is listed among 18 people, including former Google ethical AI computer scientist Timnit Gebru, and New Zealand film director Taika Waititi, in the innovators category. Apple CEO… Read more »

ASX

Mike Cannon-Brookes launches campaign against AGL’s demerger after Grok Ventures buys 11.3% of the energy giant

- May 2, 2022 2 MIN READ

Atlassian co-founder Mike Cannon-Brookes has wasted no time in becoming an activist shareholder after taking an 11.3% stake in energy giant AGL. The billionaire launched a campaign with the slogan “Keep it together” to oppose AGL’s plans for a demerger, creating two separate ASX-listed companies, just hours after news emerged that he’d become AGL’s largest… Read more »

5b solar panels
Funding

Cannon-Brookes, Twiggy Forrest double down on $30bn Sun Cable project in $210 million Series B

- March 14, 2022 2 MIN READ

Tech and mining billionaires Mike Cannon-Brookes and Dr Andrew Forrest have ramped up their support for a $30 billion project to supply solar power from the Australia to Singapore, leading a $210 billion Series B round into Sun Cable. Singapore-based Sun Cable’s $30 billion plan was first revealed in 2019, with Cannon-Brookes and Forrest as cornerstone… Read more »

Politics

Why Australian politicians should welcome the AGL takeover plan by Mike Cannon-Brookes

- February 25, 2022 4 MIN READ

Prime Minister Scott Morrison has flatly opposed the bid led by tech billionaire Mike Cannon-Brookes to buy Australia’s biggest energy company AGL and spend A$20 billion switching it to renewables. This includes closing its coal power stations by 2030. As Morrison stated this week: We need to ensure that our coal-fired generation of electricity runs… Read more »

Other tech

Mike Cannon-Brookes tips $200 million into renewables finance company Infradebt

- February 23, 2022 2 MIN READ

Atlassian co-founder Mike Cannon-Brookes has backed renewables funding firm Infradebt with $200 million from his private family VC firm Grok Ventures. The funding announcement emerged less than 48 hours after Cannon-Brookes had a $5 billion takeover offer for energy supplier AGL rejected as undervaluing the business by the company’s board. Infradebt is a specialist infrastructure project finance… Read more »

coal fired power statio
Advice

Here’s what’s behind the AGL takeover push by Mike Cannon-Brookes

- February 22, 2022 4 MIN READ

Two events in the past week mark a watershed for Australia’s electricity industry. The first, on Thursday, was Origin Energy’s surprise announcement that it intends to close the mammoth Eraring power station in the NSW Hunter region in 2025, seven years earlier than previously advised. Eraring is Australia’s largest coal-fired generator and supplies between a… Read more »

Mike Cannon-Brookes
Other tech

A $5 billion takeover bid for AGL by Atlassian boss Mike Cannon-Brookes added $500 million to the power company’s market cap

- February 22, 2022 2 MIN READ

A $5 billion consortium bid for AGL Energy, led by Atlassian billionaire Mike Cannon-Brookes through his private venture capital firm Grok Venture, has been rejected by ASX-listed energy company as undervaluing the business. Cannon-Brookes, who last year committed to investing $1 billion through Grok on climate change startups over the next decade, teamed up with… Read more »

Mike Cannon-Brookes
Other tech

Mike & Annie Cannon-Brookes just turned Grok Ventures into Australia’s first $1 billion VC fund to invest in climate tech

- October 21, 2021 2 MIN READ

Atlassian co-founder Mike Cannon-Brookes and his wife Annie have turned their private investment firm, Grok Ventures, into the country’s first $2 billion venture capital fund with a pledge to invest that figure into climate change-focused companies. Cannon-Brookes, estimated to be Australia’s third richest person with a personal fortune of around $33.5 billion, went public today… Read more »

Other tech

Mike Cannon-Brookes backs $5 million series A for breakthrough solar cell startup SunDrive

- October 26, 2020 2 MIN READ

A $9 million project to make cheaper rooftop solar panels by replacing the silver in production with copper has attracted $8 million in funding. The cash for NSW startup SunDrive includes $5m Series A investment led by Blackbird Ventures and Grok Ventures, the family investment fund of Atlassian co-founder and renewable energy campaigner Mike Cannon-Brookes and… Read more »

Topics

Mike Cannon-Brookes and Paul Bassat are backing the CovidSafe app as the tech sector takes on suspicious minds

- April 27, 2020 4 MIN READ

  Atlassian boss Mike Cannon-Brookes and Square Peg Capital’s Paul Bassat are among the tech sector’s high-profile supporters of the federal government’s contact-tracing smartphone app, CovidSafe, released on Sunday, but many remain wary of letting politicians anywhere near their data amid ongoing suspicion of their motives. Cannon-Brookes came out in favour of the app, which… Read more »

Topics

POWERING UP: Mike & Annie Cannon-Brookes are spending $12 million to bring a little sunshine to 100 bushfire-hit communities

- February 20, 2020 2 MIN READ

Fire-ravaged Australian communities struggling for power will have an solar energy solution thanks so Atlassian co-founder Mike Cannon-Brookes and his wife Annie. The duo are investing up to $12 million in a venture called Resilient Energy Collective (REC), designed to rapidly deploy solar panels and Tesla batteries in communities that have lost power in natural… Read more »