Tim Doyle believed Eucalyptus could hit $10 billion. Here’s why he sold it for a fifth of that
Eucalyptus sold to Hims & Hers for $1.6 billion earlier this year. Co-founder Tim Doyle explains the rationale behind the sale.
Entrepreneurs
How bootstrapped wellness startup KIC is building the female hydration market
KIC founders Laura Henshaw and Steph Claire Smith are entering brick-and-mortar retail, launching a hydration line specifically for women.
Firmus absorbed 70% Australian startup funding before attempted IPO
Q3 was the biggest fundraising quarter on record for the Australian startup sector. However, 69 per cent of funds went to Firmus.
Diraq scores $73 million in US defence race against quantum heavyweights
Diraq has progressed to the third and final stage of a quantum computing program run by the US Department of Defense. It comes with US$51 million in funding – with a possibility of another US$249 million.
Australia’s youngest billionaire Ed Craven places his next big venture bet
Maincode, the AI lab building Australia’s first sovereign LLM, is spinning up a venture capital arm its hopes will turn leaders in finance, healthcare and entertainment into disruptors.
$790 million medtech Harrison.ai reveals revenue surge after restructure culling 15% of staff
Harrison.ai founders Aengus and Dimitry Tran say their $789 million startup is reorganising to prepare for a commercialisation drive at home and abroad – but that R&D remains in Australia. Harrison.ai cut 15 per cent of its workforce earlier this year in a restructure founders Aengus and Dimitry Tran say will allow it to put […]
NZ’s richest woman targets Seek with AI recruitment startup
After nearly two decades building toy giant Zuru, Anna Mowbray is betting AI can disrupt recruitment. Her startup Zeil is now targeting Australia as the first step in a global expansion. Zuru cofounder and New Zealand rich lister Anna Mowbray is bringing her AI-powered recruitment platform to Australia, where she hopes will rival recruitment giants […]
Heidi hits $1.2 billion valuation with $480 million in fresh funding
The startup, which Blackbird said is its fastest growing investment ever, has hit $50 million in annualised revenue and is now moving to agentic healthcare. Key Takeaways AI healthcare startup Heidi has become Australia’s fourth unicorn of 2026, raising capital at a $1.26 billion valuation as it looks to hit break-even territory on its breakneck […]
Anthropic pledges ‘heavy’ investment in Australia but asks for copyright compromise
As it heads towards a US$2 trillion IPO, AI titan Anthropic told Parliament it has accepted a broad copyright exemption is not on the table – but calls for a more narrow concession. AI giant Anthropic told a Parliamentary Committee that it will invest in large data centre projects in Australia, but called for the […]
NRF backs space startup HEO after US$100 million-plus contract
HEO develops cameras that inspect and monitor satellites in space, and has raised a $37 million Series B from the NRF, Beaten Zone Ventures and Airtree.