Yesterday
Global IT chaos triggered by software glitch eases slightly
The impact of what’s being called the most spectacular IT failure the world has ever seen is expected to take at least several days to tally.
- Updated
This Month
- Exclusive
- Funding
Woolies, Harris Farm, Tesla chair, pile in to back biosecurity start-up
ExoFlare has plans to build a global biosecurity tech firm, modelled on international cybersecurity players, and has big-name backers watching as it helps tackle bird flu.
- Exclusive
- Business IT
ASX cuts back on overpaid tech contractors who were ‘taking the p---’
The company’s tech boss is reducing reliance on contractors and consultants after insiders blew the whistle on temporary staff.
- Exclusive
- Business IT
The ASX faces a ‘ticking time bomb’ as technology upgrades delayed
The market operator is attempting to simultaneously upgrade several major systems, one of which is at an early stage and already seven months behind schedule.
- Opinion
- Governance
Regulator needed as ASX techies tinker with critical infrastructure
The ASX has a glut of big tech upgrades to deliver, on top of its CHESS debacle ‘do-over’. If it stuffs them up, then everyone in the market suffers.
Rich Lister family backs solar panel recycler Sircel
The Funded blog is the home for news on the tech deals that are done in Australia, as soon as we hear about them.
- Updated
‘I feel helpless’: techies are banning their kids from social media
The professionals who understand most how social media and other tech platforms work are keeping their own children away from them for as long as possible.
- Exclusive
- Funding
Ex-Atlassian insiders pull in millions for AI development start-up
Redactive has raised $11.5 million from local and US-based investors after convincing financial services clients to use it to help software engineers develop AI tools.
- Exclusive
- Funding
Financial adviser tech firm $20m richer after funding dash
Dash Technology, a Sydney fintech that sells software to financial advisers, has secured $22 million funding, with $20 million coming from ASX-listed VC firm Bailador.
June
‘Pick up a knife and get on with it:’ Start-ups reject work-life balance ‘beast’
Start-up workers must be prepared to “go to war,” to help their companies succeed, rather than worrying about work-life balance top local entrepreneurs have warned.
- Exclusive
- AI
Aussie brothers’ AI firm worth $120m as big name backers invest
Melbourne-based Affinda has built AI-based software used by numerous big companies around the world, it has doubled its valuation in 18 months with well-known investors.
- Exclusive
- Quantum Computing
Government’s $189.5m quantum computing VC investment revealed
Previously secret details behind the mammoth investment in US-based quantum computing firm PsiQuantum have been uncovered, including the government’s equity investment.
Why publishers fear Google AI search will kill their websites
News organisations are heading into another battle with tech giants, with growing fears the race to beat each other with AI summaries will result in more content stolen.
Social media ban on kids faces big technical hurdles: experts
Australia has bipartisan support for a 16-year-old limit for using social media, as Anthony Albanese and Peter Dutton argued about who was first to demand it.
- Exclusive
- Funding
Under-the-radar Melbourne software firm worth $90m after VCs pounce
Atticus has built a roster of clients including BHP, CBA and numerous top law firms for its software that verifies documents are truthful.
‘First draft fairy:’ How corporate lawyers are using game-changing AI
Legal eagles inside some of Australia’s best-known companies are training themselves to stay competitive in the AI era.
Medibank faces maximum $21.5 trillion fine in new cyber hack case
The privacy watchdog alleges the private health insurer failed to protect the details of 9.7 million customers, under a law that provides for a penalty of $2.2 million for each breach.
Tough jail terms for deepfake porn peddlers under new laws
The creators and sharers of non-consensual sexually explicit material will face up to seven years’ jail under the new rules, which also put pressure on tech firms.
Rare earths miner hacked after Chinese investors ordered out
A ransomware group has posted CEO emails and sensitive commercial data from miner Northern Minerals on the dark web after Chinese investors were ordered to sell.
- Exclusive
- Start-ups
Providoor scraps hot food to concentrate on frozen meals
Online celebrity chef meal provider Providoor will target a growing market for pre-prepared meals, after struggling with delivery services for its hot meals.
