TelcoNews Australia - Telecommunications news for ICT decision-makers

Funding stories

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Unlimit leads pre-seed funding for Paytring to boost India's global payments
Last week
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martech
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commerce systems
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fintech
Unlimit's lead venture in Paytring's early funding enhances the global fintech company's drive towards redefining payment solutions for Indian businesses, a market poised to hit USD $814bn by 2029.
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New Zealand SMEs explore alternative funding amid economic strain
Last month
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digital banking
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prospa
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online banking
Economic stress leads 81% of NZ's SMEs to express concern over securing funds, forcing them to explore alternative finance methods.
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Nozomi Networks secures $100m for IoT security expansion
Last month
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power / energy
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iot
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mitsubishi electric
Nozomi Networks raises $100m in Series E funding, led by Mitsubishi and Schneider Electric, to accelerate cyber defence innovation and facilitate cost-effective worldwide market expansion.
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STX Next enhances Man Group's fund management via innovative tech tools
Last month
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bi
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big data
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management
STX Next fortifies Man Group's client fund management through successful partnership, introducing sophisticated data discovery, filtering, and predictive tools while enhancing user experience.
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Australian Proptech 'FLK it over' raises $2.5m to fuel growth
Last month
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physical security
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funding
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business
Australian proptech start-up 'FLK it over' capitalises on $2.5 million funding boost to fuel rapid growth, aiming to streamline the tenant signing process for real estate agents and diversify services.
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Digital Future Aotearoa calls for greater laptop donations
Last month
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edutech
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sustainable it
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nz
Amid a growing digital divide, Digital Future Aotearoa urgently appeals for laptop donations for their RAD initiative, supporting educational and employment aspirations of Aotearoa's youth.
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Lisbon's Vawlt Technologies secures €2.15m for supercloud expansion
Last month
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data protection
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colocation
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cisco
Lisbon-based start-up, Vawlt, secures an additional €2.15m funding to boost their unique long-term distributed storage solution and expand their global footprint.
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IWD 2024: Funding - The key to empowering female entrepreneurs in the UK
Last month
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dei
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iwd
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investment
As mere 2p in every £1 invested in early-stage UK businesses goes to women, the IWD 2024 focus is on addressing the disparity in funding for female entrepreneurs.
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IWD 2024: Are we investing enough in women and open-source?
Last month
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ai
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investment
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leadership
IWD 2024 puts spotlight on the need for greater investment and inclusion of women in the tech sector, particularly in the historically male-dominated world of open-source.
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IWD 2024: Bridging the gender gap for women tech founders
Last month
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leadership
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australian government
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grants
IWD 2024: Unconscious bias and stringent funding criteria hinder women tech founders, despite proven capability to disrupt industries and create million-dollar businesses.
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Empyrion DC secures SGD$133m green loan from UOB for Singapore data centre
Last month
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colocation
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singapore
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asia pacific
Empyrion DC secures its first green loan of SGD$133 million from UOB, bolstering its commitment to environmental sustainability and aiding operations of the award-winning SG1 Dodid Data Centre.
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Pimberly secures additional £4m funding for US & European expansion
Thu, 29th Feb 2024
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market
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technology funding
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us
Pimberly, the UK-based PIM and DAM software provider, has secured an additional £4m ($5m) for expansion into US and European markets, raising its total funding to over £14m ($17.8m).
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Device Authority secures extra $2m for IoT access management growth
Fri, 23rd Feb 2024
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network management
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iot
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iam
Device Authority, a leader in IoT identity and access management, has secured an additional $2m in Series A funding from US venture capital firm Mercato Partners' Prelude Fund.
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Australian healthcare plagued with rising rate of cyber fraud
Fri, 16th Feb 2024
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it in healthcare
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encryption
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nac
RSM Australia warns that identity and cyber fraud pose significant threats to the healthcare sector, with criminals exploiting complex funding sources and billing systems.
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GigaComm secures more funding to extend ultra-fast network
Tue, 13th Feb 2024
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telco
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digital divide
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funding
Australian firm GigaComm to extend its ultra-fast internet service to more east coast businesses and residential blocks.
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Dotz Nano secures $12 million for carbon capture tech
Wed, 7th Feb 2024
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funding
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dotz nano
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technology funding
Dotz Nano secures up to A$12m aimed at further developing and commercialising their innovative carbon capture technology, DOTZearth.
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UK government invests £100m to refine AI regulation
Wed, 7th Feb 2024
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edutech
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ml
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ai
The UK government earmarks £100m for more agile AI regulation to bolster the country's tech sphere, enhancing understanding and leveraging of AI's potential.
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CarbonHQ bags AUD $600,000 pre-seed funding to streamline carbon projects
Wed, 7th Feb 2024
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funding
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canva
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climate change
Climate startup CarbonHQ raises AUD $600,000 in pre-seed funding to boost transparency in volatile carbon market and expedite Carbon credits projects.
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Tech startup p0 secures $6.5m seed fund for software reliability solution
Wed, 31st Jan 2024
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testing
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funding
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software
New tech start-up, p0, emerges from stealth with a unique approach to software testing, having successfully secured $6.5m seed funding led by Lightspeed Venture Partners.
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Who the backers back: Why diversity in Australian VC funding portfolios should be made public
Tue, 30th Jan 2024
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dei
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jobs
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law
Diverse companies outperform less diverse peers, McKinsey report shows, prompting calls for Australian venture capital funds to publicly disclose diversity levels within their investment portfolios.
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AiDash secures $50m for AI & satellite climate solution growth
Wed, 24th Jan 2024
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ai
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satellite
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climate change
AiDash, a satellite-first software solution provider for multiple industries, raises $50m in a bid to expand operations and boost combating climate-related threats.
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India-Japan Fund invests Rs. 400 Crore into Mahindra's mobility unit
Tue, 16th Jan 2024
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sustainable it
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government of india
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investment
India-Japan Fund invests Rs. 400 Crore in Mahindra and Mahindra's Last Mile Mobility, bolstering the company's sustainable transport goals in its first-ever investment act.
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DPO signs power purchase agreement for green Texas data centres
Sat, 6th Jan 2024
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sustainable it
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power / energy
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ai
Green data centre operator, Digital Power Optimization, Inc., secures renewable energy supply through a PPA with a multinational provider, planning to directly harness wind power from Texas farms for its facilities.
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Aqua Security's value tops $1 billion after funding boost
Thu, 4th Jan 2024
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application security
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fortune 100
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funding
Aqua Security secures $60m extra funding, boosting its market value to over $1 billion, led by Evolution Equity Partners and backed by existing investors.