Fastbrick concept could become a reality with new pilot program

Fastbrick concept could become a reality with new pilot program

Would you live in a house built by a robot? Fastbrick (ASX: FBR) certainly hopes you would, and their futuristic concept is fast becoming a reality. The listed technology company has announced a 'Building Pilot Program' with Western Australian builder Archistruct Builders & Designers. The program, if successful, will see a...

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Blockchain goes bush with Power Ledger

Blockchain goes bush with Power Ledger

Power Ledger is taking its blockchain-based peer-to-peer power sharing technology outside of the city for the first time with a trial in Western Australia. The trial in WA is the first time Power Ledger has taken its tech to a regional area and will see commercial buildings trade excess solar power between each other, underpinned by the c...

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Neobank Xinja receives full banking licence

Neobank Xinja receives full banking licence

The Australian Prudential Regulation Authority (APRA) has granted Xinja Bank a full banking licence. This is a milestone for the company, and sees Xinja join Volt, Judo and 86 400 as the fourth 'neobank' to receive the licence. The effect of the licence means that Xinja can now open bank accounts to its early customers. Xi...

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Culture Amp raises $120m for global expansion

Culture Amp raises $120m for global expansion

Melbourne-based HR technology company Culture Amp has successfully raised US$82 million ($120 million) in a Series E funding round led by Sequoia Capital China. The latest round values the people and culture platform at US$700 million ($1.04 billion) and will go towards global expansion for a company that already has 2,500 compa...

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EMVision on track for portable brain scanner trial

EMVision on track for portable brain scanner trial

A Brisbane-based medical technology company led by the former CEO of ASX darling Nanosonics (ASX: NAN) is on target to start trialing its portable non-invasive brain scanner in the last quarter of this year. Harnessing more than a decade of research into electromagnetic microwave imaging from the University of Queensland, EMVision (ASX: E...

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Fintech Frollo acquires AI startup Hip Money

Fintech Frollo acquires AI startup Hip Money

Digital finance platform Frollo is expanding its horizons into the world of artificial intelligence with a fresh acquisition. The Australian company has taken over Hip Money, a US-originated and Australian-based tech startup founded in 2017 that uses AI to help users eliminate debt and save money. Frollo expects Hip Money's A...

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Profits climb and shares drop for AI leader Appen

Profits climb and shares drop for AI leader Appen

Machine learning and artificial intelligence (AI) dataset company Appen (ASX: APX) notched a 60 per cent jump in revenue to reach $245.1 million in the first half of 2019. The Sydney-headquartered company recorded a 33 per cent rise in statutory net profit after tax (NPAT) to hit $18.6 million. Chief executive officer Mark B...

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NEXTDC shares slump despite record result

NEXTDC shares slump despite record result

Shares in data centre company NEXTDC (ASX: NXT) fell by more than 5 per cent this morning even though it announced record revenue and profit in FY19 along with projected EBITDA growth of at least 17.5 per cent for the current financial year. The Brisbane-based company highlights $500 million of senior unsecured debt was raised during...

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Whispir beats IPO prospectus forecast

Whispir beats IPO prospectus forecast

Cloud communications software as a service (SaaS) company Whispir (ASX: WSP) exceeded its prospectus forecasts today for both revenue and EBITDA, yet its shares are trading below the IPO offer price. Such is the capriciousness of a volatile share market, especially for tech companies at the moment. Revenue for the Melbourne-founded co...

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Megaport loss worsens despite record revenue

Megaport loss worsens despite record revenue

Brisbane-based tech group Megaport (ASX: MP1) reported record revenue for FY19, but that hasn't stemmed yet another full year loss. The group reported a net loss for FY19 of $33.6 million during a year in which the company delivered revenue of $35.1 million. However, the loss is likely the result of aggressive expansion from the d...

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Uniti Wireless to acquire FTTP network for $100 million

Uniti Wireless to acquire FTTP network for $100 million

Adelaide-based teclo Uniti Wireless (ASX: UWL) is continuing on its spending spree with the announcement of a $100 million acquisition. The group hopes to raise $100 million in order to acquire builder and wholesale operator of private fibre networks LBNCo. LBNCo is described by Uniti as "highly profitable" and is predominan...

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Rhipe harvests a bumper full year profit

Rhipe harvests a bumper full year profit

Cloud solutions company Rhipe (ASX: RHP) has posted an operating profit of $12.8 million for FY19, up 65 per cent on the previous year. This healthy harvest comes as the group has continued to grow across the business during the financial year, particularly its Asian focused business. Sales were up by 28 per cent to $252.5 million dur...

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This Apple backed founder thinks we need to rethink Australia's rigid economy

This Apple backed founder thinks we need to rethink Australia's rigid economy

As the founder of Blackmagic Design, Grant Petty (pictured) certainly knows a thing or two about running a business. The company is one of Australia's most successful tech-plays in recent times. Founded in 2001 Blackmagic Design has been at the forefront of film and television ever since then with its varied suite of cameras, capture ...

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MOQ to acquire Wardy IT Solutions

MOQ to acquire Wardy IT Solutions

Sydney-based cloud tech investor MOQ (ASX: MOQ) has entered a binding agreement to acquire data analytics and training specialist Wardy IT Solutions. The deal includes an upfront purchase price of $7.5 million for cash and shares along with a potential earn-out of up to $6 million. Founded in Brisbane by Peter Ward (pictured) in ...

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Tritium electrified on $30 million raise

Tritium electrified on $30 million raise

Brisbane-based electric vehicle (EV) charger developer Tritium is positioned to raise $30 million to support its fast-growing customer base. The raise will allow for increased production to meet its ever-growing collection of customers. The company has already exported over 3,000 DC fast, high-powered chargers to more than 30 countries an...

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Rhipe acquires encryption and cyber security company

Rhipe acquires encryption and cyber security company

Australian cloud computing solutions business Rhipe (ASX: RHP) has acquired Network2Share for $2 million. Of interest to rhipe was Network2Share's user-friendly encryption product called SmartEncrypt which rhipe plans to bundle with Microsoft Office365, Microsoft Azure, and other vendor software licences. "The acquisition wil...

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Google drone delivery to touch down in Queensland

Google drone delivery to touch down in Queensland

The city of Logan in South East Queensland is on a roll at the moment. First there was the world's largest online training marketplace GO1 announcing the opening of its global headquarters in the city, but now a behemoth is coming to town.  After trialling a drone delivery service in Canberra for the last few months, Google-a...

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Gig economy reaps rewards for Freelancer with record result

Gig economy reaps rewards for Freelancer with record result

Around 900,000 jobs were added to the world's largest freelancing and crowdsourcing marketplace Freelancer (ASX: FLN) in the first half, with revenue up 16 per cent at $28.7 million. Led by its founder Matt Barrie (pictured), the company's gross payment volume (GPV) rose 11 per cent in the period to reach a record of $400 mil...

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ACCC: Facebook and Google's power distorts companies' ability to compete

ACCC: Facebook and Google's power distorts companies' ability to compete

The long-awaited Australian Competition and Consumer Commission (ACCC) report into the out-of-control growth and dominance of digital platforms has been released today, with the watchdog critical of giants Facebook and Google. The overarching theme of the report can be distilled into the ACCC not trusting the platforms to self-regulate, w...

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FNZ lifts bid by 10%, GBST still not keen

FNZ lifts bid by 10%, GBST still not keen

Update: This afternoon GBST entered a trading halt pending an announcement, with shares set to recommence trading by July 30. When Wellington-based FNZ Custodians tried to acquire Brisbane fintech GBST (ASX: GBT) earlier this month, it outbid its US opponent in the final hour by five cents. The success of M&A activity is about mor...

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