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$140 million: Inside the deal room with Kristy Chong

ModiBodi founder, Kristy Chong, successfully exited her leak-proof underwear business back in 2022, when it was acquired by Swedish retailer Essity for $140 million. Ahead of her appearance at the Forbes Australia Women’s Summit, we go inside the deal room to hear how she did it.

  • By Anastasia Santoreneos
  • Forbes Staff

Revenge of the bootstrapped startup

Founders Srinivas Njay and Bruce Kim bootstrapped interface.ai with $1 million of their own capital. Now the VCs are calling—but they’re waiting for the right partner.

  • By Emily Mason
  • Forbes Staff

BindiMaps: The Aussie app to help you find your way indoors

Entrepreneur Anna Wright started BindiMaps in 2017. The app provides indoor maps for airports, shopping centres, hospitals, office buildings, libraries, sports grounds, and events.

  • By Shivaune Field
  • Business Journalist

The billion-dollar unravelling of the ‘King’ of Silicon Valley

Ryan Breslow rode his fintech unicorn Bolt to the bank. Then came the lawsuits and money squabbles — and a brutal valuation crash that wiped out much of his fortune.

  • By Sarah Emerson
  • Forbes Staff

AI unicorn Anthropic releases Claude 3, a model it claims can beat OpenAI’s best

In an interview, founders Dario and Daniela Amodei told Forbes that Anthropic’s new enterprise-focused model, released Monday, outperforms rivals GPT-4 and Google’s Gemini 1.0 Ultra.

  • By Alex Konrad
  • Forbes Staff

Disney Channel actress launching space data startup

Bridgit Mendler, an actress and singer best known for her roles in Disney Channel’s “Good Luck Charlie” and “Lemonade Mouth,” is adding a CEO title to her resume with her satellite data startup Northwood Space.

  • By Conor Murray
  • Forbes Staff

Musk reignites feud with Sam Altman over OpenAI’s ditched non-profit promise

Elon Musk took aim at OpenAI CEO Sam Altman again Friday over the company’s decision to abandon its original nonprofit model and make money, stoking a longstanding feud with his fellow OpenAI founder as the firm unveiled a powerful new text-to-video AI tool, Sora.

  • By Robert Hart
  • Forbes Staff

Melbourne AI startup set for global expansion after $12.5 million raise

AI startup Marqo completed the Series A round just six months after raising an $8.1 million seed round. The funds will go toward establishing a larger footprint in San Francisco where Marqo will now be headquartered.

  • By Shivaune Field
  • Business Journalist

How two former spies cracked the $11 billion cyber insurance market

Fintech startups Coalition and At-Bay, founded by security and spy-agency veterans, are using their tech smarts to transform the fast-growing business of protecting companies against hackers.

  • By Jeff Kauflin

This Estonian-born billionaire wants Aussie banks to come clean on hidden FOREX fees

Kristo Käärmann launched Wise (formerly TransferWise) back in 2011 with the aim of helping users move cash around the world – without the marked-up fees charged by banks. Since then, the company has gone on to process more than $48 billion in cross-border payments and save customers more than $2.9 billion

  • By Anastasia Santoreneos
  • Forbes Staff
Newer Posts 1 2 … 16 17 18 … 45 46 Older Posts
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