-
2 weeks ago | 
startupdaily.net | Simon Thomsen |Harrison Polites |Alan Jones |Tom Williams
More than 10 bids were submitted to the voluntary administrators of failed startup StrongRoom AI, hoping to snap up the value left in the business, despite it being mired in legal action over allegedly faked revenue figures and a VC investor wanting its $10 million back. Final offers for what remains of StrongRoom are due next week alongside binding offers from administrator Todd Gammel from HLB Mann Judd, who will be working through the weekend to finalise potential deals.
-
2 weeks ago | 
startupdaily.net | Simon Thomsen |Harrison Polites |Alan Jones |Tom Williams
Canva is getting into the spreadsheet business as the software giant looks to move beyond pretty graphics to workplace productivity tools and take on enterprise software giants like Google. The 13-year-old design platform’s annual product song and dance show, the fourth Canva Create – this year themed as “Uncharted” – amid revelations that annual revenue is up US$500 million on six months ago to US$3 billion thanks to more than 230 million monthly active users.
-
4 weeks ago | 
startupdaily.net | John Birmingham |Harrison Polites |Simon Thomsen |Sarah Bentley
“Empathy is for losers”, says the guy whose lack of empathy has lost him about 250 billion dollars in the last couple of weeks. Sorry, make that $260 billion…$270 billion…No, wait. $280 billion…Well, I could go on, just like the sell-off in Tesla shares.
-
4 weeks ago | 
startupdaily.net | Harrison Polites |John Birmingham |Simon Thomsen |Sarah Bentley
Final Fantasy XIV Online’s latest patch (7.20) is out today, so I figured this is a good a time to repost this review from July last year. For those not in the know: Live service games like Final Fantasy XIV Online tend to update every few months with new content. This keeps players coming back. It lands in the form of a patch – a downloaded update to the game. This is what makes them ‘forever games’. They just keep going.
-
1 month ago | 
startupdaily.net | Simon Thomsen |Taylor Hardwick |Marcus Carter |Harrison Polites
This year marks 20 years since Mark Zuckberg launched Facebook, having kicked it off as The Facebook in 2004. He was already notorious for Facemash, the “not or not” site that ranked Harvard students by their attractiveness he created in late 2003. Zuckerberg hacked into house face book websites at the university to get the photos and was accused of breaching security and privacy, as well as violating copyright.
-
1 month ago | 
startupdaily.net | Simon Thomsen |Taylor Hardwick |Marcus Carter |Harrison Polites
A Sydney software company founded in 1999 by two former PwC executives to tackle governance, risk, and compliance (GRC) issues has sold a majority stake in the business to US investment firm PSG Equity for US$280 million (A$445m). The deal for Protecht gives an exit for California growth equity firm Arrowroot Capital after just three years, when it led a $42 million raise – the software company’s first after more than two decades bootstrapping – in February 2022.
-
1 month ago | 
startupdaily.net | Simon Thomsen |Taylor Hardwick |Marcus Carter |Harrison Polites
Sydney venture capital fund EVP has reportedly contacted police and is seeking to recoup the investment it made in StrongRoom AI, less than a fortnight after it announced leading a $17 million round into the Melbourne software startup. The AFR reported that EVP had called in legal and forensic accounting experts and was warning investors in its Opportunities Fund that it was “pursuing all avenues to recover the investment” and would wear any costs.
-
1 month ago | 
startupdaily.net | Simon Thomsen |Taylor Hardwick |Marcus Carter |Harrison Polites
Sydney venture capital fund EVP has reportedly contacted police and is seeking to recoup the investment it made in StrongRoom AI, less than a fortnight after it announced leading a $17 million round into the Melbourne software startup. The AFR is reporting that EVP had called in legal and forensic accounting experts and was warning investors in its Opportunities Fund that it was “pursuing all avenues to recover the investment” and would wear any costs.
-
1 month ago | 
startupdaily.net | Simon Thomsen |Taylor Hardwick |Marcus Carter |Harrison Polites
A quantum startup cofounded by three former PhD students just nine months ago has raised $2 million in a pre-Seed round to develop faster and cheaper fault-tolerant architectures for quantum computing. The raise for Iceberg Quantum was led by Blackbird, supported by UK-based LocalGlobe. CEO Dr Felix Thomsen cofounded the Sydney startup with Larry Cohen, and Sam Smith in July 2024. They also took part in Blackbird’s Foundry program last year.
-
1 month ago | 
startupdaily.net | Simon Thomsen |Taylor Hardwick |Marcus Carter |Harrison Polites
Facebook’s parent company, Meta, has been ordered by a US court to provide details on how scammers use the social media platform to create scams ads as part of legal action by Dr Andrew Forrest. The WA mining billionaire has been doing battle with Facebook both here and in California for the last three years over cryptocurrency scam ads featuring Forrest’s image that have cost people millions of dollars.
