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Australia's biggest-ever private biotech raise. What is the new Office of AI? The startup sector torches the CGT olive branch, Australia's first chip plant breaks ground, and Melanie Perkins brings product development to democracy.
Ecosystem News
Novartis drops $2bn on an Aussie-backed biotech, Firmus banks a US$720m Nvidia cheque, Southern Cross AI to float, Diraq cracks quantum scaling, and Goterra collapses. Plus, 5 captial raises.
OS Weekly
Shark skin on planes for fuel savings, Australia's spaceport gets serious funding, meet the startup that's technology reads your thoughts, plus Medical Angels graduates into a $40M doctor-led Venture Fund.
Aussie founder sells AI company for $5.6B, Airwallex hits $16B, Immutable ditches Web3 for AI and Blackbird writes it's biggest cheque ever into a single round.
Revenue at Baseten has grown roughly 20x year-on-year, and the platform now processes more than one billion inference calls a day across 87 clusters and 18 clouds.
Capital Raise
+1
The CGT carve-out proposal has a catch - don't be too ambitious, Australia apparently the world's fastest-growing VC market, founder gets 9 years for lying to investors and Canva's worth $500B?