Today
New Quantum weighs its options as Keystone pulls funding
Should it land in receivership as expected, the company’s majority owner – Beaconsfield Capital – is understood to be preparing to buy back the business.
- 51 mins ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Nvidia crash shows dark side of the Trump trade
Donald Trump’s comments on Taiwan added to a global sell-off in computer chipmakers. The episode has three big lessons for investors.
- Updated
- James Thomson
Microsoft may have just become Canva’s most dangerous rival
The world’s biggest software company has debuted an AI-powered design app, presenting Canva with a deep-pocketed rival.
- Tess Bennett
This Month
Elmo’s US owner tests buyer appetite, two years on from $486m buy
K1 picked up ELMO at a time when interest rate hikes had punched the oxygen out of valuations for ASX-listed names.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Funding
Construction start-up lands mega $105m deal
Melbourne software company HammerTech has landed a $105 million investment from Californian private equity shop Riverwood Capital.
- Tess Bennett
Inside AirTrunk’s pitch to the world’s heaviest hitting investors
Also around the boardroom table: the same Blackstone team who ruled off a $US10 billion ($14.8 billion) takeover of QTS in 2021
- Sarah Thompson, Kanika Sood and Emma Rapaport
How Microsoft’s Nadella became tech’s steely eyed AI gambler
Risky bets on AI have become a habit for Satya Nadella, a 56-year-old engineer who came up through the ranks of Microsoft to become its CEO about a decade ago.
- Karen Weise and Cade Metz
- Exclusive
- Funding
Woolies, Harris Farm, Tesla chair, pile in to back biosecurity start-up
ExoFlare has plans to build a global biosecurity tech firm, modelled on international cybersecurity players, and has big-name backers watching as it helps tackle bird flu.
- Paul Smith
Apple sues Omni Bridgeway, demanding documents in patent case
The ASX-listed litigation funder is resisting the subpoena in Delaware, arguing that the technology giant’s demand is unreasonable, vague and burdensome.
- Nick Bonyhady
Bigtincan in the doghouse with shareholders over PE playbook
While business performance has fluctuated, shareholders place blame for the share price’s collapse squarely at the feet of the board,
- Sarah Thompson, Kanika Sood and Emma Rapaport
Parcelpoint spin-off Fluent Commerce hunts for US buyer; hires Citi
Street Talk understands Fluent has been working with Citi’s North American bankers to seek a buyer for the business.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Funding
Ex-Atlassian insiders pull in millions for AI development start-up
Redactive has raised $11.5 million from local and US-based investors after convincing financial services clients to use it to help software engineers develop AI tools.
- Paul Smith
- Opinion
- Chanticleer
The underestimated bank boss with the strategic handball
Bendigo and Adelaide Bank’s Marnie Baker was underestimated on arrival. She leaves well regarded, albeit having failed to answer the big structural question over her bank.
- Anthony Macdonald
- Exclusive
- Venture capital
Frazis unveils venture capital fund, makes first investments
The Gen Y tech investor has nabbed stakes in a dozen start-ups in tech, health and e-commerce, thanks to $10 million raised from wealthy investors.
- Tom Richardson
- Exclusive
- Funding
Financial adviser tech firm $20m richer after funding dash
Dash Technology, a Sydney fintech that sells software to financial advisers, has secured $22 million funding, with $20 million coming from ASX-listed VC firm Bailador.
- Paul Smith
June
Marketboomer secures capital injection from Salter Brothers
Salter Brothers’ equities team originated and structured the transaction, while the Tech Fund led the investment.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Salesforce slammed for lavish gifts, meals with NDIA
The business software giant spent thousands on golf games, high-end meals and gifts for public servants while managing a $135 million contract.
- Tom McIlroy
PsiQuantum backer Playground Global back in town looking for cash
The Palo Alto-headquartered, Australian co-founded, investor has already secured government backing for its quantum bet. Now it is fundraising for a new fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Property payment fintech Coposit taps Ad Astra for a $10m fundraise
The platform allows buyers to pick up an off-the-plan property for $10,000, saving for the remainder of the deposit during the construction in instalments.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- AI
Aussie brothers’ AI firm worth $120m as big name backers invest
Melbourne-based Affinda has built AI-based software used by numerous big companies around the world, it has doubled its valuation in 18 months with well-known investors.
- Paul Smith
