Outside the world of open-source software, it’s likely few people would have heard about XZ Utils, a small but widely used tool for data compression in Linux systems. But late last month, security experts uncovered a serious and deliberate flaw that could leave networked Linux computers susceptible to malicious attacks. The flaw has since been… Read more »
Banking-in-box fintech Constantinople has raised $50 million in a Series A. The round was led by Dutch internet investment firm Prosus Ventures, with support from existing Australian backers Square Peg and AirTree. The Sydney startup, founded in 2022 by former Westpac managers Macgregor Duncan and Dianne Challenor, previously raised US$23 million (A$32m) in a Seed… Read more »
Semiconductors are the basic building blocks of microchips. These technological marvels are in everything from lightbulbs and toothbrushes to cars, trains and planes, not to mention the vast array of electronics that have become integral to many people’s daily lives. The 21st century chip manufacturing industry has been described as “at least as significant geopolitically… Read more »
Brisbane enterprise software scaleup Octopus Deploy has acquired a US rival, Codefresh, in a deal worth reportedly worth US$28 million (A$42.6m). It’s the first major acquisition by the quiet achiever of the Queensland tech scene, one of the largest privately-held companies in the DevOps ecosystem. While no figure was mentioned in the announcement, media reports… Read more »
BlueScope Steel’s venture capital arm, BluescopeX, Aconex cofounder Rob Phillpot’s Gravel Road, and Archangel Ventures have co-led a $1.5 million Seed round for a Melbourne proptech software startup that educates commercial builders on the benefits of engineered timber for commercial construction. The raise for CLT Toolbox was also supported by Flying Fox Ventures and Dan… Read more »
A renewable energy software startup to emerge out of the Startmate program has raised $500,000 in its first external round. Power systems engineers Jarman Stephens and Damien Vermeer cofounded gridmo earlier this year to fast track renewable energy grid connection studies. It was built to MVP in Startmate’s summer 23 cohort. The raise was led by the… Read more »
ASX-listed WiseTech Global is back in acquisitive mode, snapping up Melbourne shipping container marketplace MatchBox Exchange. While the cost of the acquisition was not disclosed WiseTech (ASX:WTC) announced it had issued 445,769 new shares, worth around $27.6 million, “to the vendors to part-fund the consideration in relation to the acquisition of MatchBox Exchange”. MatchBox Exchange… Read more »
New Zealand procurement startup Cotiss has raised $2.2 million in pre-Seed funding. The round led by Blackbird Ventures, supported by Icehouse Ventures, AfterWork Ventures, Phase One, and Co-Ventures. Cotiss is looking to help small and medium-sized procurement teams with simple, intuitive software that improves efficiency and saves money for organisations in high regulation and compliance industries… Read more »
Business planning platform Empiraa has eschewed venture capital for a second time to raise $518,000 on a $7.5 million valuation. The Melbourne startup was founded in 2021, and went on to raise $637,000 in December that year, after an initial $110,000 pre-seed round. Founder Ash Brown said business had “a half-time pivot due to changing… Read more »
Tasmanian accounting software startup Sumday has raised raised $2 million in a pre-Seed round as it looks to expand globally. The raise was backed by VC funds Blackbird and Possible Ventures, as well as Canva cofounder Cameron Adams and Lisa Miller, CEO of Wedgetail Ventures. Sumday gives accountants and bookkeepers the ability deliver non-financial accounting… Read more »
Today, if you want to find a good moving company, you might ask your favourite search engine – Google, Bing, or DuckDuckGo perhaps – for some advice. After wading past half a page of adverts, you get a load of links to articles on moving companies. You click on one of the links and finally… Read more »
A startup spun out of Melbourne University to help companies improve their processes has raised US$10.3 million (A$15.8m) in a Series B. Apromore enables business teams to quickly visualise and analyse their processes to unlock value or identify strategies for transformation or optimisation. The raise was backed by Salesforce and German software vendor GBTEC, which also… Read more »
‘Chief Twit’ Elon Musk’s electric vehicle company, Tesla, has copped its third vehicle recall in Australia in less than a month from safety regulators, with the latest software glitch involving around 15,900 Model 3 and Model Y cars imported this year. “Due to a software error, the tail lamps on one or both sides may… Read more »
Software development startup Buildkite has raised US$21 million (A$31m) in a Series B round. Local VCs OneVentures and AirTree led the round with Up bank founder Dom Pym also chipping in alongside US firm General Catalyst. The Melbourne devops tech company previously raised $28 million in 2020 at a $200 million valuation. It’s just the… Read more »
Early stage investment company Antler Australia recently backed 13 startups as part of its ongoing program to build great local tech companies. Over six weeks, Startup Daily will share the details of each venture in the “Antler Investor Memos” series. You can also meet the founders on the Startup Daily show on ausbiz.com.au every Monday… Read more »
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