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.
Startup
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.
Startups score CGT relief as Albanese Government introduces ‘innovation’ concession
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 sector is the fastest growing in the world – but one key pool is drying up
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.
I’ve interviewed more than 100 entrepreneurs. Here’s the biggest myth about success
Most successful businesses don’t begin with a master plan, argues Bernadette Schwerdt, who has interviewed more than 100 entrepreneurs.
He hacked Teslas for Elon Musk. Now he’s launching a $100 million AI cyber agent
Startup Pi counts xAI as one of its first customers, as its AI agent looks to fix security vulnerabilities for the world’s premier labs.
‘Talent will move elsewhere’: Why this Linktree co-founder is rethinking Australia
Alex Zaccaria, the founder of unicorn Linktree, is among the Australian founders aggrieved by proposed changes to the capital gains rate. He believes the Government is well intentioned, but that the result will be more and more Australian startups shifting their centre of gravity to the US.
Diraq strikes $53m agreement with US Government – and is eyeing up to $420m more
The quantum computing startup will receive up to $53 million to establish a supply chain in the US. Later this year it hopes to progress through a US Defence initiative that could score it an even bigger windfall. Andrew Dzurak first received grant funding from the US Government when he was a quantum academic in […]
‘Banana republic territory’: Founder says CGT changes will leave Aussie startups ‘captive’
Michael Biercuk was one of many startup founders who joined Allegra Spender’s roundtable on capital gains tax reform.
Inside Scale AI’s business after Meta’s bombshell $14 billion deal
How Scale AI Is Adapting Post Meta Deal And Founder’s Departure