Yesterday
Immutable’s revenues are shrouded in a Cayman Islands mystery
Investor updates show the crypto video gaming business is making $4.6 million every month. Half seems to be “service revenue” from a Caribbean not-for-profit.
This Month
Larry Diamond-backed Mighty Partners lends to listed non-bank
Under the deal, Mighty Partners is expected to be granted a call option for a small equity stake in Butn, that would be exercisable at a premium to the trading price.
StrongRoom deal sideswiped by ‘potential misappropriation’ query
The entrepreneur who struck an agreement to buy the software start-up’s assets is in dispute with his business partner, and denies any wrongdoing.
AI evangelists lay groundwork for start-up flood, VC investments
The AI full court press is on with a pitch now aimed at Australia’s super funds and family offices.
This $50m medical scribe start-up says it can cure doctors’ admin pain
Lyrebird Health says more than 99 per cent of patients consent to their appointments being recorded by its medical scribe software.
Billion-dollar tech founders turn investors with new $50m fund
A group of successful Australian entrepreneurs who have built ‘unicorns’ including Aconex, A Cloud Guru and Go1, have joined forces to form a new VC firm.
UNSW spin-off JumpStart Fertility lands US backer
JumpStart Fertility is seeking to boost embryo development and improve success rates by 60 per cent.
StrongRoom AI sale takes a twist after liquidation order
StrongRoom AI will be liquidated, but its fate is still uncertain after an 11th-hour bid for the assets of the controversial pharmaceutical start-up was lodged.
Creditors divided as StrongRoom sale D-day arrives
The fate of the disgraced pharmaceutical software start-up rests on the outcome of a high-stakes meeting on Thursday.
Ex-Macquarie equities boss seeks $100m for investment firm
Factory Capital has pressed play on an equity raising as it seeks to stock up its balance sheet through family offices and high-net-worth investors.
Making money from AI is more than new ideas and Nvidia
Hot stocks and spruikers are just a small part of the much wider artificial intelligence story.
The winner of the AFR’s AI Trailblazer award talks life under Canva
Leonardo AI chief executive and co-founder JJ Fiasson has been honoured at the Financial Review AI Awards for 2025. Here’s how he got there.
May
Melbourne entrepreneur builds $3b gaming empire out of solitaire app
Meet the Aussie game designer who’s built a global company by making simple online games better than anyone else.
The insecurity of Blackbird’s Rick Baker is a confidential matter
The big bird of Australian venture capital has defended his investment in Airwallex during calls with investors.
Eucalyptus targets unicorn status in new $150m funding round
The weight-loss pill selling healthcare business has long been one of the most talked about start-up. Now it could be on the cusp of a $1 billion valuation.
He quit consulting. Now his AI start-up is worth $100m
Unleash Live, a 10-year-old artificial intelligence firm, has raised $17 million after signing up BHP, Alcoa and Chevron as clients.
Executives head for the door at unicorn crypto start-up Immutable
Two senior executives on Friday announced their departure from the heavily funded tech company, which has shed a third of its staff in the past nine months.
Jim Chalmers must get back to the drawing board on super tax measures
Tinkering in the wrong way with the superannuation system to bolster the tax intake is dangerous. AMP’s Alexis George urges a government rethink.
If the super tax kills Aussie aspiration, our aspiration is too small
The horror claims aren’t just hyperbole – they’re cynical scaremongering and a waste of energy when there are real issues needing urgent responses.
Canva, Atlassian employees flock to unions amid AI job fears
Workers’ fears about losing their jobs to artificial intelligence bots has led to a surge in union membership at Australia’s two highest-profile tech companies.