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Technology

Start-ups

Today

Dave Excell, founder of AI anti-fraud company Featurespace.

Aussie AI whizz left to study at Cambridge, but founded a unicorn

Dave Excell just wanted to do a PhD, but serendipity led him to switch from study to start-ups. Now his artificial intelligence business is heading for unicorn status.

  • Hans van Leeuwen
Futurerent CEO Godfrey Dinh is helping real estate investors access their rent in advance.

Start-up lets property investors access rental income early

Futurerent has banked a $9 million funding boost of its own, welcoming a handful of new investors as it plans for growth despite a correcting property market.

  • Yolanda Redrup
Refundid was founded by Joel Aaron, Ilan Kessler, Brad Karney, and Judd Katz.

Refundid shakes off BNPL doubts to raise $12m

The instant refunds start-up has closed a $12 million funding round, despite increasing concerns that the Afterpay-led short-term finance sector’s time in the sun has passed.

  • Tess Bennett
Greater investment in agtech could boost yields and allow exporters to scale up.

Victoria secures $50m SVG agtech venture fund

The fund, backed by US-based SVG, will fast-track technologies to help farmers maintain food production through national disasters.

  • Hannah Wootton

Yesterday

KPMG partner Amanda Price head High Growth Ventures at the firm.

Finder, Eucalyptus among future ‘growth giants’: KPMG

While start-ups across the Asia-Pacific region are bracing for a continued wave of economic and geopolitical uncertainty, KPMG and HSBC say the Aussie sector will keep growing.

  • Jessica Sier
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This Month

says Baroness Greenfield.

This famous 71-year-old scientist could hold the key to Alzheimer’s

Baroness Susan Greenfield is busy drumming up funding for her fourth start-up, which aims to identify the ageing disease long before symptoms appear.

  • Julie Hare
Dalton Fogarty met Rich Lister Shaun Bonett while volunteering at university.

This young exec met a Rich Lister while at uni. Now he works for him

Dalton Fogarty is one of the BOSS Young Executives for 2022. He started out in investment banking but is now head of strategy at digital gift card company Prezzee.

  • Sally Patten

Veteran VC’s warning for start-ups amid tech sell-off

Start-up founders and investors should brace themselves for yet more pain as the tech downturn deepens and valuations fall in the near term by 50 per cent, veteran venture capitalist Bill Ferris has warned.

  • Yolanda Redrup

How Zoe Foster-Blake could buy back Go-To and keep her millions

When cosmetics company BWX bought Go-To, it had a $100 million problem from the get-go. Now that’s playing out with damaging consequences for shareholders.

  • Adir Shiffman
Rob Hango-Zada of Shippit

Shippit focused on growth as it unveils new purple branding

The fast-growing Sydney-based logistics tech start-up is seeking to capitalise on the “next wave” of the e-commerce revolution and increase its presence in South-East Asia.

  • Miranda Ward
Revolut Australia chief executive Matt Baxby says the heavily backed UK neobank still has covetous eyes on the Australian market.

‘In its infancy’: neobanks and VCs say bank disruption isn’t over

While the collapse of neobank Volt has given the impression that big banks are winning the battle against start-up insurgency, those in the industry beg to differ.

  • Paul Smith
Sendle CEO James Chin Moody said redundancies were a difficult but prudent decision.

Australia Post ‘disruptor’ Sendle, Airtasker lead in tech jobs losses

Delivery start-up Sendle has jettisoned 12 per cent of its workforce, while Airtasker and a local web3 firm have also shed staff as global funds dry up.

  • Paul Smith, Yolanda Redrup and Jessica Sier
University of Queensland’s Nathan Palpant, Mark Smythe and Glenn King are taking a new heart attack drug candidate using funnel web spider venom through clinical trials.

Aussie start-up using funnel web venom to save lives scores $23m

Research shows venom of the K’gari funnel web spider could block nerve signals that cause the death of heart and brain cells following a heart attack or stroke.

  • Yolanda Redrup
Marina Wu, Jono Herman and Dan Brockwell (l-r) from Earlywork partnered with a venture firm called AfterWork to launch a free service connecting people laid off to new jobs.

New platform helps sacked start-up staff find their next gig

The sudden downturn for many tech start-ups is leaving some workers facing the shock of the sack, but Earlywork promises to hook them up with healthier companies.

  • Tess Bennett
“There is not a single payment made by Zilingo that did not have proper documents or either the finance, tech or operations teams were not aware of,” said the former CEO Ankiti Bose.

How start-up Zilingo went from unicorn to donkey

The co-founder and recently removed CEO of Zilingo is the latest in a long line of entrepreneurs to lose control of their companies.

  • Andy Mukherjee
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June

Stephen Ruffels spent almost 15 years at ResMed, before joining Harrison.ai and now he’ll lead its joint venture with Sonic, Franklin.ai.

How Sonic Healthcare and a local AI start-up will shake up pathology

Sonic and Harrison.ai have teamed up to launch Franklin.ai, aiming to speed up the diagnosis and detection of cancer, and other tissue-based diseases.

  • Yolanda Redrup
HealthMatch’s Manuri Gunawardena says Australia needs to be globally competitive on employee share schemes.

Turnbull-backed health tech start-up cuts 50pc of staff

HealthMatch, which was founded in 2017, joins many other start-ups in Australia and overseas in reducing its wages bills in the face of a challenging fundraising environment.

  • Tess Bennett
Former Disney boss Bob Iger said hard work and patience will help workers get ahead.

Bob Iger’s surprising tip for career success

The former chairman and chief executive of Disney has some career advice for workers: be patient.

  • Tess Bennett
Blackbird co-founder Rick Baker says his fund has invested 43 per cent less in the first half of the year.

What next for tech? VC investment levels offer some clues

The tech market has taken a bath globally, but Aussie VC investors have largely kept up the funding in the first half, but they say quieter times are coming.

  • Paul Smith and Yolanda Redrup
Joel Friedlaender, Cliniko CEO

Why this software founder wants to slow down growth and enjoy life

Cliniko has all the hallmarks of a potential unicorn, but its founder, Joel Friedlaender, says he doesn’t want to spoil his life and his happy company by getting too big.

  • Yolanda Redrup