Innovation

Abel Avellan is taking on SpaceX and Jeff Bezos’ Project Kuiper in the battle to provide broadband satellite internet directly to your smartphone.

The latest fundraising round values the company at AUD$9.6 billion, and is the first time Blackbird is included in the cap table. It has now raised more than a billion dollars in VC capital, and is on track to hit a billion in annual revenue this year. Melbourne-founded decacorn Airwallex has closed its Series F […]

Launched in 2017, the restaurant technology platform backed by celebrity chef Marco Pierre White has completed a hefty Series A raise as it eyes a UK expansion. Key Takeaways Big number $18.2 million – that’s how much cash EatClub raised in its Series A. The round was led by Co:Act Capital, a Melbourne-based venture capital […]

Kord’s ‘centralised point of control’ allows soldiers to easily operate complex body and weapon-worn electronic devices. It was developed with the Australian Army and is now being used on the Ukrainian battlefield. The Rifle Accessory Control Unit (RACU) is ‘push-button control technology’ that enhances a soldier’s lethality and situational awareness, according to Kord. It gives […]

Ready or not–and despite a spotty safety record–the EV maker is racing to launch a pilot ride service in Austin to show off its self-driving chops.

It’s large and lovely, with all the Mini characteristics we know and love.

The lithium-manganese-rich cell, developed with LG Chem, uses far less cobalt and nickel than current lithium-ion cells. It’ll be made in the U.S. and show up in 2028.

Pinterest says a suite of new lower-funnel products like its AI tool Performance+ make it a top contender to take digital ad revenue away from Google and Meta. Its latest earnings report, which revealed global revenue hit US$855 million, backs up the claim. Known for its aspirational (and inspirational) content, visual discovery app Pinterest has […]

With shares down almost 8%, Google lost more market cap Wednesday than the total valuation of Nike or Starbucks.

Polytron, which has been selling electric motor bikes since 2022, hopes to hold its own against foreign car manufacturers. Its SUVs can travel across a distance of 402 kilometers on a fully-charged battery.