Industry insider news for Australia's technology resellers
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ComCom seeks increase in telecommunications, fibre funding
Commission considers it requires funding of: - $15 million a year for the telecommunications and fibre sector, a $3.7 million increase on the $11.3 million spent in 2019/2020.
Seven Dunedin game developers granted $450k
The funding, which is part of a wider $10 million allocation, is designed to create and nurture the game development industry in the region.
Alkira raises $54m to expand cloud networking IaaS exchanges
The Alkira team of Amir and Atif Khan have a strong track record and approach to network cloud that could be ‘more disruptive than SD-WAN’.
Accurics raises $20m, continues mission to enhance cloud-native security
Accurics, a cloud cyber resilience company specialising in cloud native infrastructure, states the new investment will support the company's market momentum and help in continued development of technology.
Christchurch-based startup hits its stride with $600K seed funding
“We’re on a mission to give people back their time so they can spend it on things that matter, such as growing their businesses. Thanks to this investment round, we're going to be able to accomplish our mission much faster.”
Beyond Limits hits $133 million in Series C investment round
The company, which focuses on demanding sectors such as energy, utilities and healthcare, says the investment will help to drive the global expansion of AI technology.
Longtail UX raises $2.25m through Woolworths VC venture arm, W23
“The investment is double what we’d initially allocated.”
PPRO announces growth over COVID-19 and successful US$50m investment round
“Despite any challenges created by the pandemic, we’ve made great progress this year on our mission to turbocharge growth for our partners and their merchants. We’ve been able to make their expansion into new markets more lucrative.”
UiPath raises $225 to help on mission to advance RPA for businesses
This funding allows us to accelerate our platform ambitions to meet mounting customer demands and scale the tremendous opportunity to bring automation to one billion citizen developers resulting in every business finally becoming a software business.”
Content learning hub hits its stride during COVID-19, raises US$40m
The company states funding will be used to increase market expansion in North America as well as expand its content provider partner network in direct response to the increased demand for the platform.
Aussie edge data centre provider receives $20m in funding
Leading Edge Data Centres has received a $20 million cash injection from Washington H. Soul Pattinson which will be used to fund growth of its regional data centre network in Australia.
VAST Data's latest funding round has the company valued at $1.2B
According to the company, the new funds will be used to drive global expansion and accelerate the company’s next phase of growth.
Cohesity announces $250 million funding, doubles valuation to US$2.5 billion
"The funding recognises the traction Cohesity is seeing in the market as a disruptive, software-defined data management company."
Aus-based Myriota raises $28M, sets sights on global expansion
Myriota has raised A$28 million in series B funding, with a view to grow its satellite network and extend support for billions of devices.
Start-up advances online marketing, boosted by $5M in funding
"The development of a full self-service platform will give our clients an unprecedented level of insight and control over their SEM and SEO efforts, and will ultimately be an incredible game-changer for the industry."
Start-up raises 1M, looks to save enterprises from technical debt
“We are on a mission to help enterprises deliver high-quality SaaS implementations at scale by shining a light on the costly and problematic issue of technical debt."
New investor partnership to unlock $6bn for NZ business
"We see this as a prime opportunity to fill the gap for established companies who need a broader range of funding options, especially when looking to expand their burgeoning businesses."
Singapore security firm Right-Hand scores $1.4m seed funding
Right-Hand states that the seed round funds will be used to boost the company’s product roadmap development.
Organisational disruption and funding shortfalls key challenges for government CIOs
“For many government CIOs, disruption will affect their IT budget growth, and the funding and launch of new business initiatives will suffer."
Soul Machines raises $40m, steps closer to global aspirations
“We look forward to continuing to work with Soul Machines as it scales and realises its global aspirations.”
Motorola promises $10m in funding to charities around the world
According to a statement, the grants will benefit more than two million students, first responders, teachers, veterans and community members in 32 countries.
Aussie company Advanced Navigation raises $20m to extend robotics research
The funds will lend itself to significant global expansion for the Australian-based business and accelerate research and development programs for transformative new robotics, navigation and sensor technologies.
XTransfer raises $15m funding to expand global network
The company provides service solutions such as cross-border and local collection, payment, foreign exchange, lending, and other treasury management services.
PacketFabric receives $75m investment to expand beyond US
Digital Alpha Advisors, LLC will invest the $75 million into PacketFabric, which will help PacketFabric rapidly scale in the United States and internationally.