Startups stories - Page 14

Salus Ventures, an Australian seed-stage venture capital fund, has surpassed its $40m target, powered by a robust investment from Queensland Investment Corporation (QIC).

New tech start-up, p0, emerges from stealth with a unique approach to software testing, having successfully secured $6.5m seed funding led by Lightspeed Venture Partners.

FinTech Australia, backed by Investment NSW, partners with major banks ANZ, Westpac and tech firm 1835i for a reverse pitch event on 21 February 2024, inviting fintechs to solve local banking issues.

Diverse companies outperform less diverse peers, McKinsey report shows, prompting calls for Australian venture capital funds to publicly disclose diversity levels within their investment portfolios.

Weather forecasting firm, Salient Predictions, joins the Insurtech Vanguards programme, advancing insurers' response to climate change with prediction technology.

NEC X's strategic partnership with Persol Innovation's lotsful aims to bolster startups by leveraging the skills of top professionals from Japan's leading companies who enhance their careers through side jobs. This joint venture is set to provide cost-effective talent sources for US-based startups.

Aqua Security acknowledged as key start-up in inaugural Fortune Cyber 60, heralding rapid growth in cloud-native security.

Birchal, an Australian equity crowdfunding platform, has obtained $2.39m from a successful funding campaign, benefiting local startups. .

Australia's first legal tech accelerator, LawTech Hub by Lander and Rogers, opens applications for its AI-focused 2024 cohort.

GetGloby has partnered with Aleph Group to provide AI-driven ad localisation, aiming to communicate effectively with global audiences.

Biztech Lawyers and Intelliworx predict modest growth in M&A activity, company consolidation, and an upswing in down round investments for 2024 tech industry.

Australian tech startup Leonardo.Ai raises AUD $47m to transform the art industry, after attracting seven million global users.

AI-powered customer data platform Amperity earns AWS Advertising and Marketing Technology Competency status, underlining its advanced data solutions for marketers.

MongoDB rolls out Atlas Vector Search and Search Nodes, aiming to assist organisations in building and scaling advanced applications.

DataStax and Amazon Web Services join forces to accelerate the delivery of progressive generative AI solutions.

MongoDB plans to integrate Atlas Vector Search with Amazon Bedrock for building next-gen applications on AWS.

V2 Digital, a leading Australian transformation consultancy, has appointed serial entrepreneur Matt Farmer to its boardroom.

Alibaba Cloud has launched Tongyi Qianwen 2.0, an advanced AI model, alongside industry-specific versions at the Apsara Conference. .

Alison Deans joins Main Sequence as the new Venture Partner, bringing rich experience to guide over 50 deep tech startups towards global expansion.

Number of Australian fintech startups drops for the first time, down 3% to 830, as challenging economic conditions persist.