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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 […]

  • By Daniel Van Boom
  • Business Journalist

The 2026 Tech23 cohort has a clear theme: sovereign capability

A new crop of founders is sprouting in Australia, working to innovate solutions for healthcare, space, energy independence, and our natural resources sectors.

  • By Shivaune Field
  • Business Journalist

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 […]

  • By Daniel Van Boom
  • Business Journalist

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.

  • By Daniel Van Boom
  • Business Journalist

Asides

Advanced Navigation CEO Chris Shaw.

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.

  • By Daniel Van Boom
  • Business Journalist

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.

  • By Daniel Van Boom
  • Business Journalist

Amal Clooney on empowering female entrepreneurs and CWI’s global impact

The barrister, law professor and co-founder of the Clooney Foundation for Justice joined the 2026 Cartier Women’s Initiative celebrations in Bangkok, to mentor and award fellows from all over the world. Partnerships are vital to scaling impact, Clooney says.

  • By Shivaune Field
  • Business Journalist

Blackbird’s $200m punt on this AI startup is its biggest investment ever

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.

  • By Daniel Van Boom
  • Business Journalist

CEO shakeup at Vow amid restructure at lab-grown meat startup

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.

  • By Daniel Van Boom
  • Business Journalist

100k conversations and counting: Ovum earns $4m seed growing 30% month-on-month

Admiralty Capital led the round, which comes just 16 months after Ovum’s $1.7m pre-seed fundraise. In less than a year the women’s health platform has been downloaded 20,000 times, growing 30 per cent month-on-month.

  • By Shivaune Field
  • Business Journalist
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