Technology and startups
Australia’s biggest VC firms won’t be able to co-invest with the government’s newly established defence tech investment fund. Their critics say that’s a problem.
Matt Allen spent six years financing those misunderstood by traditional banking. Now he’s using that playbook to do the same for artists.
Eucalyptus’ $1.6 billion sale to Hims & Hers is a massive win for the company and Australian VC. But it’s another example of a homegrown startup story cashing out offshore.
Michael Juniper says he is focused on closing the gap between the company’s market value and the underlying value of its assets.
The Hims & Hers acquisition of the telehealth startup will benefit VCs and advisers, but will also trigger the biggest staff payout in the Australian ecosystem to date.
While AI factory builder Firmus steals the headlines at home, local investors woke this morning to find rival upstart Sharon AI trading on the Nasdaq.
Shareholder class actions are heading to the High Court for a landmark test on materiality and damages, following a string of courtroom defeats.
The data centre unicorn’s claims about cooling tech, land and energy use have shifted fast. Bulls say its because AI is moving at warp speed, but others aren’t convinced.
Seek is selling its stake in Employment Hero, one of its best-performing investments. Turns out the lawsuit was just couples therapy.
Legal AI startup Parachute wants to capture the market of small- to medium-sized law firms, which it says have been overlooked by global legal technology providers
Mitchell Hughes says universities are producing brilliant young founders — so he built a fund to find them first. Some of Australia’s top VCs and founders are now supporting it.
Firmus is speeding towards the ASX with its AI infrastructure pitch, but market nerves are jangling over governance and its shifting strategy.
The Australian-led startup has been accused by a rival of inflating biomarker claims, doctoring a Reddit post, and fostering a culture where employees inject each other with experimental compounds “for fun”.
While big name money is backing Firmus, not everyone in the market is convinced by the story, with its co-founder’s colourful past and sustainability claims among the concerns.
The USD8 billion legal software startup’s president Gabe Pereyra is better placed than most to explain what the AI panic gets right — and what it gets wrong.
Around 25 roles have been shed from the team working on a key pillar of open banking which could spark nervousness within the fintech community about the government’s commitment to the reforms.
Australia’s second-largest member-based insurer is expanding its portfolio to invest in health tech startups. And it’s confident it can succeed where other corporate VCs failed.
CEO Sam Hupert argues the company continues to deliver a strong pipeline of contracts and is well placed to excel in the AI age.
The company behind Claude is wooing VCs and other figures in the ecosystem— but taking a markedly different approach in Australia to its rival OpenAI.
CBA boss Matt Comyn isn’t buying the AI doomsaying, arguing the tech is more likely to lift jobs and productivity than gut Australia’s white-collar sector.
AI coding tools are lowering the barriers to build startups, giving more women, like Lucent's Alisa Rae, a clearer path to become solo founders.
