Federal Government to crack down on tech giants

Federal Government to crack down on tech giants

A $27 million investment into the ACCC and a brand new code of conduct are part of the Federal Government's raft of reforms intended to crack down on unregulated American tech giants. The reforms come in response to the Australian Competition and Consumer Commission's (ACCC) Digital Platforms Inquiry, which slammed tech heavyweigh...

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Cybersecurity warriors bag $70m from US investors

Cybersecurity warriors bag $70m from US investors

Major US investors have poured $70 million into Sydney-based cybersecurity company Secure Code Warrior as part of a Series B funding round. The raise was led by US juggernauts Goldman Sachs, ForgePoint Capital, and Cisco, with additional capital injected by existing investors Sydney-based AirTree Ventures and US-based Paladin Capital Grou...

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Gilmour Space Technologies signs deal with Australian Space Agency

Gilmour Space Technologies signs deal with Australian Space Agency

Within three months of the Federal Government announcing it would put $150 million towards NASA's "Moon to Mars" program, Gold Coast-based Gilmour Space Technology has reached a major deal with the Australian Space Agency. Gilmour, which has developed its own 'One Vision' suborbital rocket to deliver satell...

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Nitro Software blasts onto the ASX

Nitro Software blasts onto the ASX

Document management software developer Nitro has landed on the ASX today following a $110 million IPO. The company, which owns PDF productivity and eSignature tool Nitro Productivity Suite, will list under the ticker NTO. At the IPO listing price Nitro Software (ASX: NTO) has a market capitalisation of $324.9 million and an enterprise...

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MoneyMe launch virtual credit account ahead of listing

MoneyMe launch virtual credit account ahead of listing

Fintech MoneyMe will list on the ASX tomorrow, but that hasn't stopped the company from making one last announcement as a private company. The group has launched a product called Freestyle, a virtual credit account, which MoneyMe hopes will replace the need for a physical credit card. Freestyle allows users to use their smartphone...

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Afterpay reports record sales, bringing in $1 billion during November

Afterpay reports record sales, bringing in $1 billion during November

Buy-now pay-later (BNPL) provider Afterpay (ASX: APT) has finally hit the $1 billion mark, signifying the platform's strongest month of sales since its inception. The $1 billion of monthly underlying sales was buoyed by the Black Friday and Cyber Monday sales, which Afterpay says were record trading days for the company. The recor...

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Heavyweight investors back $8m raise for restaurant ordering app me&u

Heavyweight investors back $8m raise for restaurant ordering app me&u

Australian mobile ordering and payments app for the hospitality industry me&u has announced an $8 million Series B funding round backed by some major investors. Merivale's Justin Hemmes (pictured right) and Tyro Payments have invested in the startup that removes the friction of waiting in lines to pay or order at restaurants,...

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Stacked Farm, Australia's first fully robotic end-to-end vertical farm

Stacked Farm, Australia's first fully robotic end-to-end vertical farm

Whether it be Bowery Farming backed by Google's parent company Alphabet, Square Roots which was founded by Elon Musk's brother Kimbal, or the innovative startup InFarm with leafy green-growing modules installed in supermarkets, vertical farming is a fertile space for development right now. Australia may have one of the world&...

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Young Entrepreneur stars align to revolutionise aged care with AI

Young Entrepreneur stars align to revolutionise aged care with AI

When we work together magic can happen; and that's certainly the case with the launch of a breakthrough AI device that promises to revolutionise our aged care services. Three of Queensland's brightest young entrepreneurs have teamed up to create a patented artificial intelligence device that uses sensors to monitor the interaction...

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Asset loss an "epidemic" costing Aussie businesses $4.3 billion per year

Asset loss an "epidemic" costing Aussie businesses $4.3 billion per year

From little things like keys to larger objects like vehicles Australian businesses are losing billions of dollars' worth of assets every year. The problem is a $4.3 billion hit to Australian businesses every year, and as businesses become more digital it could become even worse. According to new research done by Telsyte and commis...

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Afterpay shares jump after final audit handed to AUSTRAC

Afterpay shares jump after final audit handed to AUSTRAC

The auditor notes Afterpay's compliance with its AML/CTF obligations was based on legal advice he believes to be incorrect from top tier Australian law firms. An independent audit of Afterpay (ASX: APT) has been handed to Australian authorities confirming the company's alignment with the Anti-Money Laundering and Counter-Terro...

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Watchdog warns major tech takeovers could harm consumers

Watchdog warns major tech takeovers could harm consumers

The Australian Competition and Consumer Commission (ACCC) certainly has it out for the big US tech players. Following its landmark decision to launch proceedings in the Federal Court against Google alleging the Silicon Valley giant misused users' location data, the ACCC chair Rod Sims has swung another punch at Google and Faceboo...

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WiseTech suffers another attack from J Capital

WiseTech suffers another attack from J Capital

"While there are those who seek to distract, we will not be deterred," says WiseTech founder and CEO Richard White. Besieged short sell victim and Australian logistics technology giant WiseTech (ASX: WTC) has today lost most of its recent gains on the sharemarket in the wake of yet another critique from China-based J Capital. ...

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Profits triple for TechnologyOne

Profits triple for TechnologyOne

Profit growth may plateau for some companies as they mature and their size makes them clunky, but TechnologyOne's (ASX: TNE) result today proves even longstanding tech titans can send earnings into overdrive. The Software as a Service (SaaS) company which has been listed for almost two decades today announced its profit before tax sur...

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AI developer Appen upgrades guidance as its customers beg for more

AI developer Appen upgrades guidance as its customers beg for more

Artificial intelligence is frequently cited by analysts as one of the world's fastest growing industries, so it's little wonder that innovators in the space are often on the fast track to financial success. Keeping with that trend is New South Wales-based Appen (ASX: APX), an AI developer that helps other companies improve their d...

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Evie Networks hails 'landmark moment in Australian electric motoring'

Evie Networks hails 'landmark moment in Australian electric motoring'

Sydney-headquartered Evie Networks has started rolling out charging infrastructure to make an electric vehicle (EV) vision a reality in Australia, with the launch of a game-changing highway station between Brisbane and the Sunshine Coast.  The new easy-access EV charing station by the Bruce Highway at Coochin Creek will help unl...

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Jumbo to acquire UK lottery business for $9m

Jumbo to acquire UK lottery business for $9m

Australian online lottery company Jumbo Interactive (ASX JIN) has entered into an agreement to acquire UK lottery company Gatherwell for $9.1 million. Gatherwell was founded in Oxford in 2013 as a lottery company to support local causes and schools across the UK. The UK company currently has around 80 local authorities and 1,000 schoo...

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Bevan Slattery's SUB.CO to connect Oman and Perth with subsea cable

Bevan Slattery's SUB.CO to connect Oman and Perth with subsea cable

Subsea fibre cable infrastructure group SUB.CO is set to build the Oman Australia Cable (OAC), a new system directly connecting Muscat, Oman with Perth which will ultimately give Australia closer links and a lower latency route to Europe.  The company founded by Bevan Slattery is the only group currently building a cable of this...

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OPEC Systems, the Aussie company with the tech to tackle PFAS contamination

OPEC Systems, the Aussie company with the tech to tackle PFAS contamination

As Shine Lawyers (ASX: SHJ) launched one of the country's largest class actions last week over the impact of toxic firefighting foam PFAS (polyfluoroalkyl) on 40,000 Australians, a company from northern NSW was receiving accolades for its efforts to fight the problem. Lennox Heads-based OPEC Systems won the top prize at...

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Aussie firms punch above their weight in Fintech100 list

Aussie firms punch above their weight in Fintech100 list

Australia has ranked fifth in terms of representation in this year's Fintech100 prepared by KPMG and H2 Ventures, with cross-border payment unicorn Airwallex the country's highest ranking firm at 32. Co-founded by Jack Zhang (pictured), Airwallex completed a US$100 million Series C round in March giving it an estimated market...

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