Startup

Two proposed amendments to superannuation will be a boon for the startup sector, predicts King River Capital.

The Sydney startup will setup a basic quantum computer in an Equinix data centre by October, it said on Tuesday, as it moves to commercialise a technology that’s been in R&D phase for decades. Key Takeaways Key Background   Proponents of quantum computing say it could be a US$200 billion industry that will enable fundamental breakthroughs […]

Blackbird has raised $1.05b from prestigious global institutions like Morgan Stanley and Schroders to establish the biggest Australian VC fund yet.

Sixteen countries made this year’s list of Asia-Pacific’s rising small companies. Australia’s contingent raised close to $100 million between them, spanning green tech, biotech and enterprise software.

Luke Anear has wanted to change the name of the company he founded for years. Now SafetyCulture has become Mittle as the $2.4 billion startup reshapes itself for the AI era.

It is true that AI has made creating a software startup easier, but data from Cut Through Venture indicates getting funding may be another story.

Revolut, a UK fintech last valued at US$75 billion ($104 billion), has been approved to operate banking services in Australia. It plans to spend “nearly” $400 million to win over the local market.

The Chinese startup called its AI model the “new frontier of intelligence.”

Opinion: Australian startups turn modest venture capital funding into global companies more efficiently than anywhere on earth. The reasons are in the dirt and distance, argues partner at Side Stage Ventures, Elli Hanson

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.