Updated

EVP claims StrongRoom founder admitted to fraud, faked accounts

Amelia McGuire and Tess Bennett

Updated Apr 3, 2025 – 3.01pm, first published at 11.47am

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One of StrongRoom AI’s biggest investors alleges the start-up’s founder admitted to fraud and faked information to win a government research grant, while a director used its accounts to pay for a trip to Morocco.

EVP has taken the Melbourne-headquartered pharmacy software start-up to the Federal Court in the hope of recovering $10.4 million it invested last month in a fundraising round that valued the company at $70 million.

Amelia McGuire covers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age.

Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter.