News
Legal AI developer Ivo raises $55m in Blackbird-led Series B round
2+ hour, 47+ min ago (223+ words) The news: New Zealand-based legal AI business Ivo has raised USD55 million ($81.7 million) in a Series B funding round led by venture capital fund Blackbird. The context: Other funding round participants included American venture capital firms Costanoa Ventures, Uncork Capital and…...
'Only get a couple of shots': VCs back Eucalyptus strategy as it nears $1b milestone
1+ week, 1+ day ago (164+ words) 'Only get a couple of shots': VCs back Eucalyptus strategy as it nears $1b milestone'Capital Brief Venture capital investors in heavily hyped healthcare play Eucalyptus have endorsed its move to retreat from an expansion into men's longevity and instead focus on…...
'Hugs only', peptides and blood pacts: Inside Superpower's $51m bet your doctor is obsolete
2+ week, 8+ hour ago (136+ words) Max Marchione greets me with a hug in the lobby of an elegant Art Deco building in downtown San Francisco. "Hugs only" over handshakes is company policy. "Hugging has proven health benefits," Marchione informs me. Marchione, an Australian entrepreneur in…...
Airwallex to spend USD590m on UK, EMEA growth
1+ mon, 1+ week ago (215+ words) The news: Fintech Airwallex announced plans to inject USD590 million ($886.33 million) into its UK business across the next five years to drive local and regional growth. The context: The Australian-founded, Singapore-based business banking firm said in a press release Thursday that…...
StrongRoom AI founder Max Mito gives his version of events as court examines collapse
2+ mon, 1+ week ago (175+ words) The founder of collapsed medtech StrongRoom AI has appeared in court as liquidators examine the startup's demise and raise questions about an acquisition it made before things went south. Former StrongRoom AI co-founder Max Mito told the Supreme Court of…...
Archangel Ventures kicks off rare 'community round' for medical AI startup Heidi
2+ mon, 4+ week ago (135+ words) Eligible users of Heidi's AI-powered "medical scribe" will be able to buy into the company's blockbuster USD65 million Series B, which closed earlier this month. Medical AI startup Heidi is allocating a slice of its recent USD65 million ($100 million) Series B round…...
Heidi raises $98m and becomes fastest growing company in Blackbird portfolio since Canva
3+ mon, 2+ week ago (175+ words) The news: Melbourne startup Heidi has secured USD65 million ($98 million) in funding, making it the fastest-growing company in Blackbird Ventures' portfolio, surpassing even Canva's early growth rate." The context:"The company, which uses AI to transcribe medical consultations and automate clinical…...
The war for AI talent has a new entrant — fund managers
5+ mon, 1+ week ago (154+ words) Tech giants poaching AI talent from each other and AI-native companies are also fighting with fund managers as they are increasingly looking for AI-skilled workers for their investment teams. Global fund manager Acadian Asset Management, which has US$151.1 billion ($232 billion)…...
🚀 Launch and learn — Capital Brief
5+ mon, 3+ week ago (190+ words) Gilmour Space Technologies" debut rocket may have crashed 14 seconds after launch. But getting off the ground at all marks a historic breakthrough for Australia"s sovereign space ambitions. "Well, this morning was a highlight of my career! To see the…...
IMDEX buys AI geoscience company Earth Science Analytics for $26m
5+ mon, 3+ week ago (225+ words) The news: Mining technology group IMDEX has acquired a controlling stake in AI-based geoscience platform Earth Science Analytics (ESA) for $26 million, and told investors it aims to buy the company's remaining shareholding within the next four years. The numbers: IMDEX…...