Displaying items by tag: Investment

As part of Breakthrough Victoria’s University Innovation Program (UIP), Breakthrough Victoria and Swinburne University of Technology are each investing $500,000 in EntroMat, a Melbourne-based company that creates advanced metal powders called High Entropy Materials (HEMs).

Australia’s four largest airports, Brisbane, Melbourne, Perth and Sydney, each reported their highest ever aeronautical revenues in 2023-24, the ACCC’s latest Airport Monitoring Report shows.

AI-driven ecommerce software platform AMP, based in Australia, has secured $20 million in new funding and acquired Back In Stock, a popular Shopify app for back-in-stock notifications.

Australian tech investment group Macquarie Capital has agreed to invest A$80 million into Brazilian fixed broadband operator Brazil TecPar to expand its optical fibre network.

Sophos MDR Grows Global Customers by 37% in 2024, Setting a Powerful New Standard in Cutting-edge, Expert-driven Cybersecurity Against Today’s Most Advanced Threats

COMPANY NEWS: Sophos, a global leader of innovative security solutions for defeating cyberattacks, today announced that its Sophos Managed Detection and Response (MDR) service has reached a major milestone, now protecting more than 26,000 organisations globally, growing its customer base by 37% in 2024. This achievement highlights the increasing demand for Sophos’ proactive, expert-led security solutions, which help organisations of all sizes stay protected 24/7 against increasingly sophisticated cyber threats, including the most advanced ransomware, business email compromise (BEC) and phishing attacks.

• Executive job demand in Australia loses its recent gains as the economy crashes.
• Government demand backs off, exposing the weakness in the business sector
• Business has lost confidence as investment hits recession levels,

GUEST RESEARCH: Australia is undergoing a significant transformation in how businesses approach design, with increasing recognition of its critical role in driving operations and innovation.

Deepfake technology heads up the list of security concerns predicted for next year by Robert Le Busque, the Regional Vice President, Asia Pacific for Verizon Business Group.

Independent investment company Breakthrough Victoria is investing $2 million in Umps Health, a Victorian company developing sensors and AI to enable proactive aged care at home.

63% of employees in Australia see sustainability goals in their company, but would like to see more commitment

Senior Multiplex alum secure $6.6M to redefine how quality and compliance are managed in the construction industry.

Visibuild, a Melbourne-based construction tech scale-up focused on improving construction build quality, today announced its first funding round of $6.6 million led by Australian private investment firm Skip Capital.

Leading the Generative Software Era, company announces exclusive early access to its highly-anticipated full software development lifecycle (SDLC) digital worker at the 2024 ONE Conference in Amsterdam

COMPANY NEWS: OutSystems, a global leader transforming how companies innovate through software, today announced Mentor, the industry’s first full software development lifecycle (SDLC) digital worker, enabling app generation, delivery, and monitoring, all powered by low-code and GenAI.

Businesses in Australia and New Zealand (ANZ) plan on investing in generative AI (Gen AI) at a rate that exceeds the global average.

Australian investment into Asian start-ups has surged over the past decade, totalling $23.8 billion from 2013 to 2023, according to a new paper from Asialink Business and the Tech Council of Australia (TCA).

Drone services provider Sphere Drones has secured a significant tender with the Western Australian Police Force (WAPOL) to supply drone-in-a-box and associated systems for their Drones as First Responder (DFR) program.

e-scooter operator Neuron Mobility has announced a multi-million dollar investment into front-facing AI-powered cameras, which will be installed on every e-scooter in their 1,250-strong Melbourne fleet over the coming months.

More homes and businesses in regional Australia can now access higher nbn network speeds on their nbn fixed wireless connection as nationwide upgrades enable faster speeds across the network during busy periods - and the introduction of the “fastest wholesale speeds ever offered” on the nbn Fixed Wireless network.

GUEST RESEARCH:  More than two-thirds (69%) of Australian managed service providers and resellers forecast that their customers will increase their investment in cybersecurity in the new financial year with 51 per cent citing that generative AI will unlock new opportunities for work.  That’s according to a survey of 84 respondents conducted by WatchGuard Technologies at the recent Leader Expo events in Sydney and Melbourne.

In a successful Australian pilot, QBE Ventures announced that it has harnessed technology from investments in geospatial technology and AI to support the claims experience for commercial customers impacted by Tropical Cyclone Jasper in December 2023.

Australia’s national science agency, CSIRO has announced that it will partner with governments across the Pacific and Southeast Asia to help them better prepare for, and respond to, disease outbreaks.