Inside Amazon’s race to rule the skies – and the Aussie leading the charge
David Carbon went from fixing washing machines in Melbourne to building Amazon’s global drone fleet. Now he’s eyeing Australian skies.
Innovation
How this investor spots billion-dollar winners in boring industries
Satya Patel of Homebrew, No. 13 on this year’s Midas Seed list, scouted companies like IPO-bound digital bank Chime and payroll unicorn Gusto long before they made it big.
‘Diabetes is reversible’: How a triathlete hacked his health and raised $1.6m
Vively has raised $1.6 million and partnered with Bupa to bring continuous glucose monitors to the masses. For founder Tim Veron, it’s personal. Key Takeaways Tim Veron was a busy guy, running businesses while running, swimming and cycling six days a week for Olympic-distance triathlons. He was a healthy weight and eating what he thought […]
Australian billionaire’s WiseTech to acquire U.S. firm for $2.1 billion
WiseTech Global, the Australian logistics software company founded by Australian billionaire Richard White, plans to buy cloud computing firm E2open for $2.1 billion.
Everything we know about OpenAI’s $6.5 billion purchase of Jony Ive’s Io
OpenAI’s Sam Altman called Ive, who designed several Apple products, the “greatest designer in the world.”
This billionaire immigrant is racing Elon Musk to connect your phone from space
Abel Avellan is taking on SpaceX and Jeff Bezos’ Project Kuiper in the battle to provide broadband satellite internet directly to your smartphone.
Airwallex lands $465m series F and a decacorn title
The latest fundraising round values the company at AUD$9.6 billion, and is the first time Blackbird is included in the cap table. It has now raised more than a billion dollars in VC capital, and is on track to hit a billion in annual revenue this year. Melbourne-founded decacorn Airwallex has closed its Series F […]
Australian hospo-tech platform EatClub banks $18.2 million as it heads abroad
Launched in 2017, the restaurant technology platform backed by celebrity chef Marco Pierre White has completed a hefty Series A raise as it eyes a UK expansion. Key Takeaways Big number $18.2 million – that’s how much cash EatClub raised in its Series A. The round was led by Co:Act Capital, a Melbourne-based venture capital […]
US and Ukraine troops deploying Australian defence innovation
Kord’s ‘centralised point of control’ allows soldiers to easily operate complex body and weapon-worn electronic devices. It was developed with the Australian Army and is now being used on the Ukrainian battlefield. The Rifle Accessory Control Unit (RACU) is ‘push-button control technology’ that enhances a soldier’s lethality and situational awareness, according to Kord. It gives […]
Elon Musk’s Tesla Robotaxi rollout looks like a disaster waiting to happen
Ready or not–and despite a spotty safety record–the EV maker is racing to launch a pilot ride service in Austin to show off its self-driving chops.