Canva’s IPO has been pushed back as it begins a radical transformation from a SaaS-based business to one built around AI credits — pitting it directly against Anthropic and OpenAI.
Startups
Private valuations are now more rigorous, more structured and more closely scrutinised than they once were. Just in time for the market to put them to the test.
Australian founders are still highly ambitious. The current market just demands more patience and runway.
The workforce management company has acquired two more Australian HR tech companies in an eight-figure deal.
The dual acquisition, announced ahead of next week’s Canva Create in Los Angeles, brings together agentic AI and marketing automation as the design giant signals its most ambitious transformation yet.
A string of startup acquisitions is putting liquidity back on the table for VCs, even as questions linger about lost breakout potential.
Dario Amodei warned Australian politicians that AI’s risks are real and the timeline is short — and that democracies must win the race to build it.
When one Slack post at Canva can spark mass redundancy fears, it says more about the software sector’s anxiety than the company itself.
Canva has moved to allay fears of job cuts after a since deleted internal post from co-founder Cliff Obrecht sent alarm bells ringing inside the company.
Canva’s acquisition of Doohly adds another piece to its push beyond design and into a broader AI-powered marketing stack.
Economists and industry widely welcomed the reform package in Robyn Denholm’s R&D review but cautioned the government not to make things more convoluted.
The purchase of the digital out-of-home startup is the latest in a string of deals by Canva as it looks to own the entire marketing stack.
As performance becomes the catch cry of the AI era, data suggests companies pushing culture to a breaking point may be undermining the very transformation they are trying to achieve.
Adelaide’s homegrown tech conference delivered its usual mix of AI hype, unlikely guests and deliberate weirdness.
OpenAI’s Asia-Pacific startup lead came to Adelaide with credits, a warning about viral growth, and a case for why the fundamentals of building a good business haven’t changed.
The story of how Koala became the accidental talent incubator behind Eucalyptus, one of Australia’s biggest venture exits.
It sounds like a plot line out of a Marvel movie. But Cortical Labs has launched what it claims is the world’s first biological data centre, using human brain cells — and much less energy than traditional infrastructure.
Jessy Wu has caught the startup ecosystem’s attention before. This time, it’s with an 80,000-word novel featuring a longevity startup scandal — and a sex scene or two.
The longevity platform founded by former iflix CEO Mark Britt has closed its first VC round — backed, in large part, by its own members
When a VC firm with no Australian registration, no public profile and no obligation to explain itself keeps backing unicorns, it’s worth asking where the money comes from.
Marbruck Investments has quietly backed some of Australia’s most recognisable startups. But very few people know who is behind it, or where the money has come from.
