Airtree backs Aussie AI startup after its robotics model beat Alibaba, Mistral
Airtree has pumped $5 million into Adelaide’s Metacognition, bringing the AI startup’s pre-seed round to a huge $15 million.
Startup
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.
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 […]
This 25-year-old raised US$100 million for his AI startup at a US$4 billion valuation
At the beginning of last year, Ali Ansari’s company, Micro1, was a recruiting business generating $7 million in ARR. It’s now generating over $500 million in ARR.
Canva valuation marked down by US titans T. Rowe Price and Franklin Templeton
T. Rowe Price and Franklin Templeton, which each manage trillions in assets, bought into Canva at a US$40 billion valuation in 2021. Canva is preparing a foundation model it hopes will help reverse the trend.
Australian AI lab caps $10 million pre-seed raise to run in global AI race
Metacognition AI raised $10 million from Main Sequence in a round ten times the size of Australia’s pre-seed average.
OpenAI inks deal with $14 billion Australian data centre player Firmus
OpenAI will be a foundational customer of two AI Factory data centres Australian company Firmus is developing. Key Takeaways Key Background Founded by Oliver Curtis and Tim Rosenfield, Firmus has rocketed almost out of nowhere to become Australia’s third largest data centre company by valuation. It has raised US$2.5 billion ($3.5 billion) so far this […]
He’s quietly invested in Australia’s biggest space tech startups. Now he’s moving to launch a $150m fund
Will Scully-Power has for the past two been investing in Australian space startups. Now he’s looking to launch a VC fund.