Xero gives ‘low performers’ 30-day ultimatum amid CEO pay push
Xero has amped up performance management of staff, offering underperformers the option for immediate severance, amid AI’s disruption of the SaaS market.
Daniel Van Boom
Telstra national mobile outage hits transport, Triple Zero services
Telstra’s mobile services are unavailable for thousands of customers across Australia. The company says it’s aware of the problem and is working to fix it. Key Takeaways Crucial Quote “The issue is impacting a number of nodes within our network that keep time across the mobile network, and when these nodes are not operating as expected, […]
Brandon Capital scores its biggest return ever with $2.1bn biotech acquisition
Brandon Capital led cancer therapeutics startup Myricx Bio’s $8.5m seed round in 2019. Now Novartis is buying it for up to $2.16 billion. One of Australia’s longest tenured VC firms will soon enjoy its best ever return on a single investment following Novartis’ US$1.1 billion ($1.58 billion) acquisition of London biotech startup Myricx Bio. Melbourne-headquartered […]
Samsara Eco kicks off $100m raise to recycle critical minerals
After forging deals with Lululemon and LSKD for its recycled fabrics, Samsara Eco is looking to develop a means of extracting and reusing rare earth metals.
IREN co-founders score $1.14 billion pay packet amid AI bonanza
The board of Sydney-headquartered IREN approved a four-year stock compensation package for co-CEOs Dan and Will Roberts currently worth over $570 million each. The board of Sydney-headquartered, New York-listed IREN has approved an equity package for co-founders Will and Daniel Roberts valued at US$788 million ($1.14 billion) based on its stock price today. Each brother […]
This drone startup bagged BHP, Rio Tinto as customers. Now it’s raised $25m to tackle defence spending boom
Emesent, a drone tech startup spun out of CSIRO, has raised $25 million in a round that includes NGS Super, Hostplus, Main Sequence and the NRF. CSIRO-spinout Emesent has raised $25 million in fresh funding, including $10 million in venture debt from the National Reconstruction Fund, as it aims to jump further into the exploding […]
New ‘payday super’ changes come into effect today. Here’s what you need to know
Employers will be required to pay superannuation monthly as of tomorrow rather than the existing quarterly scheme as the Government attempts to crack down on unpaid super.
The program that built Nike and H&M’s AI chiefs is coming to Australia
Faculty has for a decade run a highly-sought after Fellowship program turning STEM academics into AI workers. It’s now launched in Australia, its first foray outside of the UK.
The South Australian startup supporting new space drugs scores $25m round
Amid a bonanza of retail hype around space tech, South Australia’s Southern Launch has raised $25 million – including $10 million from the National Reconstruction Fund.
Advanced Navigation rides deep tech boom with first US manufacturing hub
After raising over $150 million, deep tech unicorn Advanced Navigation is expanding internationally with a manufacturing plant in Alabama and upcoming acquisitions across the US and Europe.