Lorikeet raises US$35m with backing from QED, Canva and Airwallex founders
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The news: Lorikeet, a Sydney-based startup in the agentic AI market, has raised USD35 million ($53.8 million) in a series A funding round.
The deal values the two-year-old startup at more than $200 million, doubling its valuation from February after it had proved itself in the market, co-founder Steve Hind told The Australian Financial Review.
The funding round was led by US-based QED Investors, with participation from Blackbird Ventures, Square Peg Capital, Airtree and the founders of Canva and Airwallex, along with other investors, the company said in a statement.
Lorikeet describes its AI agents as customer concierges that go beyond answering questions to actually resolve problems across chat, email and voice.
What they said: “Customers don't want to be told how to fix their problems. They want a concierge that actually solves them. That's what we've focused on from day one," Hind said.
Hind told the AFR the company had proven itself against much more heavily capitalised US rivals, with customer wins that had led to the bigger round.
The company says revenue has grown tenfold since its October product launch, with two-thirds of revenue now coming from outside Australia.
The sources: Lorikeet release, AFR, Axios
