Megaport to raise $60 million to accelerate worldwide expansion

Megaport to raise $60 million to accelerate worldwide expansion

Brisbane-based technology company Megaport (ASX: MP1) has announced a $60 million capital raise to support expansion and technology development. The company says it is undertaking the raise to accelerate expansion to new locations and markets, to undertake capacity upgrades, fund innovation and develop new technology. The raise is com...

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Aussie AI ace Appen to acquire US business for up to $428M

Aussie AI ace Appen to acquire US business for up to $428M

Update: On 12 March Appen announced its $285 million placement to help fund the acquisition was successfully completed.  Machine learning and AI company Appen (ASX: APX) expects a material increase in its revenue and customer base following a binding agreement to acquire San Francisco-based Figure Eight Technologies, Inc. The Syd...

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How this tenacious entrepreneur beat brain trauma to become a tech success story

How this tenacious entrepreneur beat brain trauma to become a tech success story

Christy Laurence knows better than most what it takes to be a resilient businesswoman. The seasoned advertising executive left a cushy corporate gig with Insurance Australia Group to chase the entrepreneurial dream just over three years ago. Laurence then founded Plann, an Instagram planning, scheduling and analytics tool which is des...

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Mark Zuckerberg lays out a future for Facebook that promises to be private

Mark Zuckerberg lays out a future for Facebook that promises to be private

In just a few short years Facebook went from one of the most popular social media platforms, beloved by millions, to one that its users no longer trust. Though privacy issues were a problem for Facebook pre-2018 it was the Cambridge Analytica scandal that led to many vowing to ditch the social media site. Bots, political misinformatio...

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Macquarie Telecom records another strong result

Macquarie Telecom records another strong result

For the past nine financial halves data centre operator Macquarie Telecom (ASX: MAQ) has recorded growth in revenue and profit. The half ending December 31 was buoyed by continued investments into the group's data centres, positioning the company well for the serious demand Australian businesses have for data storage. Revenue was ...

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Afterpay shares dive on first half loss

Afterpay shares dive on first half loss

Just one day after Afterpay (ASX: APT) slipped through a Senate report on the buy-now pay-later (BNPL) sector without a scratch, the company is facing the rebuke of shareholders on the back of its first half results. Shares are down after the company announced it suffered an increase to its first half loss after tax of 3043 per cent to $2...

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WiseTech buys Containerchain for $92m

WiseTech buys Containerchain for $92m

Founder-led logistics software group WiseTech Global (ASX: WTC) is set to expand its international reach after sealing a deal to buy Singapore-based containerisation solutions provider Containerchain for $92 million. The acquired group covers more than five million import and export container movement notifications each year, and has offi...

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Coincast Media signs international streaming deal

Coincast Media signs international streaming deal

A Perth-based startup specialising in blockchain and cryptocurrency news has secured an agreement that could see one of its programs broadcast in more than 200 countries. International streaming service DIVAN.TV has signed a deal to rebroadcast Season 1 of Coincast TV, the brainchild of Business News Australia Young Entrepreneur of t...

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LandMark White hacked data sat on dark web for 10 days

LandMark White hacked data sat on dark web for 10 days

Property valuer LandMark White (ASX: LMW) has resumed trading this morning after investigating a serious data breach that occurred some time in December 2018. The company entered into a trading halt on Friday after major banks suspended important contracts. The Commonwealth Bank, National Australia Bank and ANZ have all suspended cont...

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Hadrian X robot builds its first outdoor building

Hadrian X robot builds its first outdoor building

Fastbrick Robotics (ASX: FBR) have completed their first ever outdoor build with their Hadrian X robot. Shares in Fastbrick soared in November 2018 when the company announced that their robot built a home structure in less than three days autonomously. But the real test was whether the robot could do it in the elements outside of a wa...

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Esports Mogul speeds ahead to 1 million registered users

Esports Mogul speeds ahead to 1 million registered users

Listed esports company Esports Mogul (ASX: ESH) has quickly reached a new milestone of one million registered users on its platform. These figures were mostly achieved in just the last six weeks during which the company added approximately 620,000 new registered users an increase of 163 per cent since December. The company says the in...

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Startup investment landscape snapshot for 2019

Startup investment landscape snapshot for 2019

If you're still in the early stages of your startup or looking to finally launch your startup, 2019 might be the year to cast your net wider for investment capital to start or grow your company.  2018 was a big year for startups around the world. According to KPMG, over US$899 million was raised in Australia alone in 2018. At...

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Slow Internet with the NBN? You might be eligible for a refund

Slow Internet with the NBN? You might be eligible for a refund

The ACCC is urging NBN customers with slow connection speeds to contact their provider as they may be eligible for a refund. Over the last 15 months Telstra, Optus, TPG, iiNet, Internode, Dodo, iPrimus and Commander have each admitted that they likely made false or misleading representations about the connection speeds NBN customers could...

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Mobile payments drive Chinese tourist spending in Australia

Mobile payments drive Chinese tourist spending in Australia

A new report from Nielsen and Alipay has found 68 per cent of Chinese tourists in Australia used mobile payments during their visits last year, with shopping, accomodation and dining as the leading purchases. This puts Australia ahead of the US and Canada which had a usage rate of 61 per cent, and Europe (France, UK, Italy, Germany) with ...

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Aussie fintech brings leading Chinese mobile payment platform to local shores

Aussie fintech brings leading Chinese mobile payment platform to local shores

AirPay Financial Technologies has teamed up with major Chinese company SwiftPass to give Australian retailers, e-commerce sites and mobile apps better access to a booming consumer market through mobile payments. The two groups have formed the new lifestyle brand 'AirPass', allowing local Australian businesses to accept WeChat Pay ...

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The minds behind DriveMyCar launch Carly: like Netflix but for cars

The minds behind DriveMyCar launch Carly: like Netflix but for cars

Having already achieved success with DriveMyCar, a darling of the sharing economy, Collaborate (ASX: CL8) is looking to emulate the success of subscription services like Netflix with their new company called Carly. Carly is described as an alternative to buying or leasing a car, and instead has its users pay a monthly subscription fee to ...

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Afterpay reports its biggest ever month during a $2 billion first half

Afterpay reports its biggest ever month during a $2 billion first half

Afterpay (ASX: APT) continues to rake in more revenue every time they report, and the end of 1H19 is no different. An influx of new users saw Afterpay's underlying sales boosted by 140 per cent, up from $918 million in 1H18 to $2.2 billion in 1H19. The company says that December 2018 was the company's largest ever month on rec...

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How CarSwap is taking on a monopoly with its next gen auto classifieds app

How CarSwap is taking on a monopoly with its next gen auto classifieds app

There are slim pickings for options when it comes to selling your car online in Australia, while the act of offloading your pre-loved automobile can be quite expensive as well.  An Adelaide startup is hoping to flip the Australian industry on its head with its next gen app CarSwap. So confident in their business model are founder...

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AEV Robotics is changing the way we think about driverless cars and vehicles themselves

AEV Robotics is changing the way we think about driverless cars and vehicles themselves

When you take a look at the prototype for AEV Robotics' modular driverless vehicle it's hard not to see the future of transport. But according to co-founder and CEO of AEV Julian Broadbent, that future isn't as far off as it might seem. Melbourne-based AEV Robotics is currently in Las Vegas at the home of emerging tech: CE...

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"Very early entry" with AR takes Domino's into uncharted food retail territory

"Very early entry" with AR takes Domino's into uncharted food retail territory

With $1.6 billion in online sales worldwide representing almost two-thirds of its business, Domino's Pizza Enterprises (ASX: DMP) is upping the ante to make sure it stays at the vanguard of digital tech development.  The company is now around two months in since the launch of an augmented reality (AR) Pizza Chef for its ordering ...

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