VC

Artificial intelligence (AI) continues to be a lucrative technology space with the majority of startups either managing to secure venture capital (VC) backing or being involved in the thick of merger and acquisition (M&A) deal activity during 2014-2018. As a result, the race to fund or acquire AI-startups reflects the

Salesforce Ventures, the CRM giant’s corporate venture capital arm, has unveiled a US$50 million (A$70 million) fund to back startups in the Australian Salesforce ecosystem. Since 2012, Salesforce Ventures has been investing in Australian startups includings Arxxus, Bugcrowd and Square Peg. Sign up for Which-50’s Irregular Insights newsletter Salesforce said

The boys club is as entrenched as ever. Companies with all-female founders attracted less than three per cent of Australia’s venture funding last year. That compares to over 60 per cent for companies with all-male founders. What gives? On panels, in the media and inside accelerator programs, female founders are

Shebah founder George McEncroe

Women-focused ride sharing service Shebah is launching an equity crowdfunding campaign to raise $3 million in an effort to circumvent the “male gatekeepers” of venture capital. Founded in Melbourne in 2017, Shebah’s service promises women safe transportation without harassment and, on the other side, employment opportunities to work as drivers.

chart business investment growth asia pacific

Last year venture capital investments in Australia hit a record high, skyrocketing 36 per cent to US$899.05 million. Globally VC investments set a new record, jumping from US$175 billion in 2017 to US$255 billion. Sign up for Which-50’s Irregular Insights newsletter The figures come from the quarterly report, Venture Pulse Q4 2018

Mary Meeker

Former Kleiner Perkins partner Mary Meeker is raising more than $US1 billion for her new venture capital fund. First reported by Axios last week, the new firm will be called Bond and is seeking to raise $US1.25 billion with a $US1.5 billion hard cap for its first fund. Sign up

Smart terminal company Poynt has been given a $100 million Series C investment from NAB Ventures and payment processor Elavon. The company said with this invest it will expand into new markets across Asia, Europe and South America, grow its talent base, and invest in product and partner development as

Telstra Ventures has invested in GitLab and will leverage its application to support innovation and optimise collaborative workflows. GitLab lets companies develop new solutions and capabilities more quickly by providing an end-to-end DevOps solution in a single application, while also providing the flexibility to plug into many developer tools such

robotic arms, factory, machine, AI, automation

Brisbane-based Movus, has secured $4.8 million in Series A funding, led by Blackbird Ventures, as well as Telstra Ventures and Skip Capital (Atlassian co-founder Scott Farquhar’s private investment fund). Movus is the developer of Industrial IoT (Internet of Things) sensor and machine monitoring solution called FitMachine, which has been dubbed ‘the

Cape drone mapping

Telstra’s VC arm has invested in Cape, a US-based startup that builds software for drones. The cash will be used to expand R&D and to develop Cape’s go-to-market teams including the establishing Cape in Australia. Telstra Ventures participated in Cape’s series A funding, along with Google’s Gradient Ventures, Mitsui &