ULUU believes the solution to the plastic crisis lies in the world’s oceans. The Australian startup uses seaweed to create a plastic alternative and is planning to launch its first products in the next 12 to 24 months. Today ULUU announced it has raised $8 million AUD (about $5.3 million USD) led by Main Sequence […]
The Australian Federal Police claims to have identified the cybercriminals behind the Medibank ransomware attack, which compromised the personal data of 9.7 million customers. AFP Commissioner Reece Kershaw said on Friday that the agency knows the identity of the individuals responsible for the attack on Australia’s largest private health insurer. He declined to name the […]
Medibank has urged its customers to be on high alert after cybercriminals began leaking sensitive medical records stolen from the Australian health insurance giant. A ransomware group with ties to the notorious Russian-speaking REvil gang began publishing the stolen records early Wednesday, including customers’ names, birth dates, passport numbers, and information on medical claims. This […]
The Australian and New Zealand startup community will see a boost in funding this year. Blackbird, a VC fund based in the two south Pacific countries, on Wednesday closed a fund at over AUD $1 billion, which is about USD $640 million, which the firm says is Australia’s largest fund to date. This is Blackbird’s […]
Samsara Eco, an Australian startup that uses enzyme-based technology to break down plastic into its core molecules, announced today it has raised $54 million AUD (about $34.7 million USD) in Series A funding. The company is planning to build its first plastic recycling facility in Melbourne later this year, with the target of full-scale production […]
It’s a tough market for venture capital, but Square Peg Capital is plowing ahead with its focus on Australia (where it is based), Southeast Asia and Israel. The firm announced today that it has closed its fifth fund totaling $550 million. This brings its total raised across all funds to about $1.6 billion. Square Peg […]
Many consumers and companies want to reduce their impact on the environment but may not know where to start or how to sustain the necessary changes. Founder of Greener, an Australian cleantech startup, Tom Ferrier, wants to help. He argues that sustainability and climate action doesn’t need to be complicated. His startup is geared towards […]
Australia has confirmed an incoming legislative change will significant strengthen its online privacy laws following a spate of data breaches in recent weeks — such as the Optus telco breach last month. “Unfortunately, significant privacy breaches in recent weeks have shown existing safeguards are inadequate. It’s not enough for a penalty for a major data […]
