Australia-based AI infrastructure company Firmus raised AU$500M, or ~$325M, tripling its valuation to AU$6B in two months, after raising AU$330M in September
Artificial intelligence infrastructure start-up Firmus Technologies has tripled its valuation to $6 billion in two months …
PitchBook: Australian startups raised $3.4B in 2024, down from 2021's $6.5B peak; 39% of early-stage capital in Australia came from overseas vs. 21% in the US
1. More effectively get the $1T+ of IP out of universities. — 2. Have Australian corporates and governments buy our own innovations …
Amazon plans to invest ~$13B in Australia from 2025 to 2029 to develop its data center infrastructure, as demand for cloud computing and AI grows in the country
The investment, in the Sydney and Melbourne data centers, is the biggest ever in Australia by a global technology company, Prime Minister Anthony Albanese said.
Sony hikes PlayStation 5 prices in Europe, the UK, Australia, and New Zealand, citing a “challenging economic environment”; the PS5 Pro remains the same price
Sony hiked the price of its flagship PlayStation 5 console in Europe, Australia and New Zealand, citing a “challenging economic environment” behind its move.
Australia-based Fleet Space, whose ExoSphere service helps find minerals in space using AI, sensors, and more, raised a AU$150M Series D at a AU$800M+ valuation
Australia-based SafetyCulture, which offers a suite of risk management tools, raised AU$165M led by Airtree at a AU$2.5B valuation, down from AU$2.7B in 2023
SafetyCulture has booked a fresh $165 million funding round, marking one of the year's largest single investments in an Australian scale …
Animoca Brands, which was valued at $6B in 2022, is considering an IPO in Hong Kong or the Middle East in 2025, four years after it was delisted in Australia
Animoca Brands, a crypto gaming and metaverse conglomerate valued at $6 billion in 2022, is considering a public listing in Hong Kong …
Ola shuts down in the UK, Australia, and New Zealand, six years after expanding to international markets, to focus on its India expansion ahead of an IPO
Manish Singh / TechCrunch :
Sources: Spotify plans to raise prices by $1 to $2 per month in the UK, Australia, Pakistan, and two other markets by the end of April, and the US later in 2024
- The audio service will raise prices in a few major markets — Spotify will create new plan that doesn't include audiobooks
Australia-based Fivecast, whose AI-powered software can help companies and governments monitor potential threats, raised a ~$20M Series A led by Ten Eleven
Joseph Brookes / InnovationAus.com :