TelcoNews Australia - Telecommunications news for ICT decision-makers

Funding stories

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Adyen introduces 'Capital' for timely funding of Australian SMBs
This month
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transparency
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partnerships
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capital
Adyen launches 'Capital' in Australia, addressing financial hurdles faced by small and medium-sized businesses.
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Technical debt noted as major hurdle for CTOs by 2024, STX Next reports
This month
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ransomware
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innovation
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it services
91% of CTOs see technical debt as their biggest challenge for 2024, according to a survey by STX Next. Capacity and security were also top concerns.
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AI focus to drive global M&A activity upswing in 2024, says Gartner
This month
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ai
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telstra ventures
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inflation
Gartner predicts that a renewed emphasis on technology, particularly AI, will boost the global M&A market in 2024 after a downturn in activity.
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AI-powered assistant creator Tabnine raises $25m in Series B funding round
This month
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innovation
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privacy
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developers
AI-assistant developer Tabnine raises $25m in a Series B round, taking total funding to $42.5m, led by Telstra Ventures.
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Qatar & Singapore reinforce ties with joint innovation challenge
This month
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grants
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travel
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innovation
Qatar and Singapore boost bilateral relations with the launch of the Joint Innovation Challenge focusing on energy, sustainability and insurtech.
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Payapps secures GBP £10.5 million CIBC IB investment for UK & Ireland expansion
This month
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ireland
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payapps
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funding
Australia-based construction software firm, Payapps, has secured a £10.5m venture growth investment from CIBC Innovation Banking.
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Prospa launches New Zealand's first SME lending app boosting business growth
This month
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fintech
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business
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nz
Prospa, the Australian lender, launches New Zealand's first SME lending app to aid efficient cash flow management.
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Zero Trust security goes mainstream, reveals Okta's 2023 report
Last month
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it infrastructure
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identity
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okta
Zero Trust security has now become mainstream, with 61% of organizations adopting the contemporary framework, according to the latest report by Okta.
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Software firm xtype secures $10.8m funding amidst rising ServiceNow demand
Last month
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digital transformation
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innovation
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app store
xtype secures $10.8m in funding as demand for its agile software solutions in the ServiceNow market continues to surge.
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WatchGuard unveils new AI-powered cybersecurity service to aid MSPs
Last month
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it infrastructure
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threat intelligence
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managed security services
WatchGuard Technologies presents WatchGuard MDR, an AI-driven, 24/7 Managed Detection and Response cybersecurity service designed for MSPs.
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NetSuite selected by Cohere to gear up for rapid AI-fueled growth
Last month
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erp
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ai
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productivity
Cohere, an AI platform, has chosen to use NetSuite's cloud business suite to enhance productivity and support growth.
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Accelerated Payments boasts fintech Success with £1.5B in advanced invoices
Last month
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fintech
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funding
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workforce
Dublin-based fintech, Accelerated Payments, has advanced £1.5bn in invoices, expanding its market share rapidly.
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NZ tech firms RUSH and Downer to develop road safety AI
Last month
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it industry
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engineering
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nz
New Zealand technology company RUSH and Downer Transport & Infrastructure have secured funding to develop AI technology to increase road safety.
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PerfectScale secures US$7.1 million for Kubernetes optimisation
Last month
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paas
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cloud services
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investment
The latest investment brings the company’s total funding to nearly US$10 million since its founding in March 2022.
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Energy risk software provider Pexapark raises millions for global expansion
Wed, 27th Sep 2023
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investment
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telstra ventures
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renewable energy
Pexapark secures €20m in Series C funding led by Telstra Ventures to bolster its renewable energy risk management software and advisory services.
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Pixis raises USD $85 million in series C1 funding round
Mon, 18th Sep 2023
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ai
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digital marketing
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funding
Pixis, a codeless AI infrastructure company for marketing, has raised USD $85 million in its series C1 funding round.  .
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Prospa and Lend Capital partner on marketplace platform
Tue, 12th Sep 2023
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nz
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prospa
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funding
Prospa is entering a partnership with Lend Capital to bring its small business loans marketplace to New Zealand.
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Pearler secures AUD $330K in funding for AI platform
Mon, 28th Aug 2023
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saas
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ai
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funding
Pearler, an innovative software start-up, has secured AUD $330,000 thousand in pre-seed funding from the South Australia Venture Capital Fund.
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Xero opens Beautiful Business Fund to small businesses
Thu, 24th Aug 2023
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xero
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innovation
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business
Xero announced submissions are now open and there are four categories Kiwi small businesses can put themselves forward for.
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Confidence in New Zealand’s infrastructure under water
Thu, 24th Aug 2023
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it infrastructure
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nz
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funding
The annual Construction Industry Survey, in partnership with Teletrac Navman and Civil Contractors New Zealand, reveals cracks in New Zealand’s infrastructure.
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Govt launches £50m fund to turbocharge UK as tech superpower
Fri, 28th Jul 2023
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government
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research
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emerging technology
The UK Government has launched the Research Ventures Catalyst fund, injecting £50 million to bolster cutting-edge research in tech and science.
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Secure Code Warrior acquires USD $50 million funding
Fri, 14th Jul 2023
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ai security
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investment
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funding
Secure Code Warrior is ushering into the next era in developer-driven security with a USD $50 million Series C funding round.
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Nomad Atomics raises AUD $12 million for quantum sensors
Mon, 3rd Jul 2023
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funding
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right click capital
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quantum sensors
Nomad Atomics raises AUD $12 million to develop miniaturised quantum sensors for mining, underground resources and navigation.
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Sensand receives large funding to drive smart farming
Fri, 30th Jun 2023
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funding
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sensand
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investment
Carbon disruptor, Sensand, will help power a breakthrough in smart farming with a $6 million funding injection from Robert Costa.