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Funding news stories

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First Nations
Google.org and INCO's $750,000 First Nations digitisation fund
INCO has launched its First Australians Digitisation Fund, with support from Google.org, to help organisations using tech to achieve better outcomes for First Nations communities.
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Sustainability
Green hydrogen company Hysata raises AUD $42.5 million
Global investors are supporting Hysata's hydrogen electrolyser technology as the organisation closes its oversubscribed Series A funding round of AUD $42.5 million. 
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Artificial Intelligence
Million dollar funding injection set to drive Servicely's overseas expansion
Australian AI platform provider Servicely has announced a $1.2 million funding injection that will look to target a significant overseas expansion. 
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Cloud
JAVLN partners with Bombora to help aid international expansion
NZ InsurTech company JAVLN has partnered with Australian pre-IPO fund manager Bombora Investment Management to fund a further international expansion.
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Identity and Access Management
Ping Identity launches corporate venture capital fund
Ping Identity has launched a corporate venture capital fund to foster innovative offerings for the identity security market.
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Open source
DataStax secures US$115 million to fund database expansion
DataStax has secured US$115 million in funding, which it will use to develop and expand its Astra DB multi-cloud database and Astra Streaming service globally.
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Cloud
Broadcom to acquire VMware for billions in cash and stock
Broadcom is set to acquire VMware for approximately USD$61Billion in cash and stock. Additionally, Broadcom will assume $8 billion of VMware net debt.
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Cybersecurity
Video: 10 Minute IT Jams - An update from Secureworks
Today we are joined by Secureworks CSO Ian Bancroft, and director and GM Demetrios Georgiou.
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Safety
Voxel hits total funding of $18M following ongoing wins
Since raising its seed round in September, Voxel has grown at pace, by decreasing on-site injuries by upwards of 80% and increasing operational productivity.
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Artificial Intelligence
Clear Dynamics closes $35M funding round, invests in global growth
The funding is a major milestone and speaks to Clear Dynamics’ vision for AI-enabled ‘composable’ enterprise software, the company states.
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Cloud
Training & certification: It's time for leaders to loosen the purse strings
Here we explore reasons that companies can benefit from investing in staff training and certification as well as ways to persuade leadership teams to invest.
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Sustainability
Getac partnership to bolster sustainability initiatives
Getac announced a partnership with One Tree Planted as part of its Earth Day 2022 sustainability initiative, which aims to plant 30,000 trees.
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Sustainability
UQ collaborates on multi-million-dollar sustainable energy project
“UQ has a big role in creating the workforce for the future of the critical minerals industry as Australia charts its pathway towards new energy technologies."
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Remote Working
Organisations changing the way they fund technology
Having the right technology has become mission-critical for organisations of all sizes in the digital economy.
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Prospa
Survey reveals NZ businesses dipping into personal savings to stay afloat
According to new research from Prospa, 40% of Kiwi small businesses use personal savings to support operations.
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Artificial Intelligence
Uniphore and Probe CX partner to deliver enhanced CX solutions
The new global partnership will involve Probe CX leveraging Uniphore’s conversational automation platform to create enhanced solutions, which involve personalisation and automation.
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Digital Transformation
Australian Budget 2022 bolsters cyber security sector
The Australian Government has announced an investment of $9.9 billion to increase the country’s intelligence and cybersecurity capabilities.
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Cybersecurity
Budget boost promises better cybersecurity for our health system
$75.7 million, over three years was pledged, specifically to upgrade cybersecurity tools and improve training, awareness and incident management capability in the Ministry itself, within the 20 District Health Boards and at the primary health and community care levels
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Cloud
ACS encourages federal leaders to think bigger around tech jobs
The Australian Computer Society (ACS) is calling for greater visionary thinking from federal leaders around the industries of the future, particularly relating to IT technology roles.
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Submarine Cable Projects
SUNeVision wins tender to develop second Hong Kong station
SUNeVision has announced the company has won the tender for a site in Chung Hom Kok, which it will use to develop a second landing station for international submarine cables.
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Digital Transformation
Flowingly raises $4.5m for automation, workflow efficiency
NZ-based software company Flowingly has raised $4.5 million in Pre-Series A funding, which the company says it will use to continue its global expansion.
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SaaS
Axonius closes $200 million Series E at $2.6 billion valuation
Axonius, a cybersecurity and SaaS management company, has announced it closed $200 million in Series E funding.
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Silent Eight
Silent Eight raises $40m in Series B round to aid development strategy
Financial crime platform Silent Eight has raised $40m in Series B round funding, which will be used to cater to the needs of its expanding customer base.
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Mambu
Half of A/NZ SMEs unable to secure adequate funding - report
"While many large businesses managed to thrive throughout the pandemic thanks to various government supports and incentives, SMEs have had it much tougher."