Airwallex mega raise nearly doubled its valuation in a year
Titans of finance including Baillie Gifford and T. Rowe Price have backed Airwallex in the startup’s US$320 million Series H, which values the Australian-born startup at $16 billion.
Titans of finance including Baillie Gifford and T. Rowe Price have backed Airwallex in the startup’s US$320 million Series H, which values the Australian-born startup at $16 billion.
Zeller founder Ben Pfisterer says AI is shortening product cycles from nine months to four weeks. The fintech’s latest point-of-sale system is both a swipe at Square, Stripe and Shopify – and a testbed for Zeller’s AI ambition. Zeller founder Ben Pfisterer says artificial intelligence is cutting product development cycles from nine months to just […]
Blackbird invested over $200 million in Californian startup Baseten’s Series F, backing the AI infrastructure startup’s plan to drastically reduce the cost of AI deployment.
Blackbird-backed startup Vow has cut jobs and gotten a new CEO as it looks to use its cell-culture technology to expand beyond the development of lab-grown meats.
Immutable is pivoting from Web3 gaming to AI marketing tech aimed at traditional game publishers. After cutting nearly 30 roles, its co-founder says the company still has 10 years of runway following its mega raise in 2022.
On Thursday the Albanese Government amended its controversial capital gains tax proposal by allowing startups that qualify as ‘innovative businesses’ to retain the existing 50 per cent discount. Key Takeaways The Albanese Government on Thursday announced plans to offer capital gains tax concessions to the startup sector that will give certain founders, employees and investors […]
Australia’s VC industry is on track to have its biggest year since 2022, a new report from Side Stage Ventures and the Australian Investment Council says, but most of that is going to the top end of town.
MCi Carbon’s technology captures carbon and used it to create building materials, a double whammy in C02 reduction. After the grand opening of its first carbon refinery on Wednesday, it’s hoping to cap its next capital raise by the end of the year.
Airtree and the NRF led a $158 million round in March that valued Advanced Navigation at over $1 billion. Documents lodged with ASIC reveal a sharp rise in revenue and a fall in losses in the lead up to that unicorn round.
Australian Retirement Trust has backed Gilmour Space Technologies, extending the startup’s $217 million Series E which valued it at over $1 billion.