Co-founder of Australian tech darling Canva Cameron Adams and his wife Lisa Miller have pledged to donate at least half of their estimated $7 billion wealth to environmental causes. The pair have signed the Giving Pledge, a public commitment started by Bill and Melinda Gates and Warren Buffet that sees billionaires promise give a majority… Read more »
Artificial intelligence (AI) will contribute more than $15 trillion to the global economy by 2030. According to the University of Adelaide, greater use of AI in key Australian industries will lead to a short-term boost in GDP of more than $200 billion per year and the creation of an additional 150,000 jobs from 2023 to… Read more »
The administrators of medication management startup StrongRoom AI have recommended putting the business in liquidation ahead of a 2nd creditor’s meeting on Tuesday. The decision comes a fortnight before the Federal Court is due to hold another hearing in the legal action by VC firm EVP to recover $10.4 million it invested in the business… Read more »
Billy Evans, the partner of convicted Theranos founder Elizabeth Holmes, is seeking to raise at least US$50 million for a new diagnostics startup called Haemanthus, which claims to offer a “radically new approach to health testing.” The company reportedly claims its prototype device can analyse small samples of blood, saliva, urine, or sweat for early… Read more »
Comparison site Finder is closing down its crypto trading platform, Wallet Ventures, after four years, signing a deal with Swyftx to transfer users to the digital assets exchange. Wallet Ventures (formerly Finder Wallet) offered customers access to 18 cryptocurrencies through the Finder App. It launched in 2021 Finder notified customers on Wednesday, saying it will… Read more »
Last week, Meta – the parent company of Facebook, Instagram, Threads and WhatsApp – unveiled a new “personal artificial intelligence (AI)”. Powered by the Llama 4 language model, Meta AI is designed to assist, chat and engage in natural conversation. With its polished interface and fluid interactions, Meta AI might seem like just another entrant… Read more »
Tech Council of Australia chair Scott Farquhar has another board to run since stepping down as Atlassian co-CEO, taking on a role close to his heart as chair of the global social impact movement Pledge 1%. Farquhar was one of the founding members of Pledge 1% started in 2015 via the Atlassian Foundation. Pledge 1%… Read more »
Mohit Midha, cofounder and CEO of Hoogly was at Blackbird’s Sunrise last week, tired but unable to stop smiling after global recognition for his employee engagement startup in California and London. The fact that he set out to also raise $500,000 and now has $1 million with 10 days left before he closes his latest… Read more »
On February 1, on The Conversation’s podcast, Anthony Albanese not only declared that Labor would retain majority government, but held out the prospect it could win the Victorian Liberal seats of Menzies and Deakin. This was when the polls were still bad for Labor and the Coalition was confident of gaining a swathe of seats… Read more »
Two rivals in construction safety software are merging, with five-year-old Sydney startup 1Breadcrumb acquiring 12-year-old Canberra platform SignOnSite. The terms of the cash and equity deal were undisclosed but it comes along with a $4.5 million SAFE note backed by Five V Capital and Tribe Global Ventures as well as a US-based family office. Five… Read more »
Share in US-listed Atlassian (Nasdaq: TEAM) are down around 10% over the past week, at one stage dipping below US$190 following a 17% plunge when the Australian workplace software company released its March quarter earnings with another loss alongside longer-than-expected fourth-quarter guidance. Q3 revenue was up 14% on 12 months ago to US$1.4 billion, with… Read more »
In the pre-industrial era, people often lived and worked in the same building. This removed the need to travel to work. The separation of home and work occurred much later, during the Industrial Revolution. Factories and offices were grouped in designated areas and residential zoning was invented. Even then, people typically spent about 60 to… Read more »
Happy democracy sausage weekend! As Australians head to schools and halls on Saturday (although around 20% of the population has already voted) to cast their verdict on the last three years of the Albanese government, Startup 360 cohosts Simon Thomsen and Kayla Medica took a look at the policies and election promises for the tech… Read more »
Eucalyptus cofounder Tim Doyle has revealed that the best way to get a job at his health startup is to solve his dildo problem. He wants you to slide into his LinkedIn DMs to solve the “dildo mountain” he has in a warehouse – the result in a pledge in his startup’s early days. Doyle… Read more »
Scaleup Mediafund has backed financial services comparison scaleup Finder and ASX-listed life insurance specialist NobleOak in its latest media-for-equity investment swap. The fund provides companies with advertising and paid media from its $15 million third fund – the value of discounted advertising inventory provided by the fund members – spanning publishers, outdoor advertising firms and… Read more »
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