Quantum tech start-up Q-Ctrl secures major VC backing
Q-Ctrl, Australia’s “first quantum tech start-up”, has secured the backing of three major global venture capital funds to complete its seed round initiated last year.
Q-Ctrl, Australia’s “first quantum tech start-up”, has secured the backing of three major global venture capital funds to complete its seed round initiated last year.
Sydney-based AI data analytics start-up, Hyper Anna, has raised $16 million in series A funding to boost its global expansion.
With innovation high on the Australian agenda, entrepreneurs are entering a new era in technology.
Fintech startup, Airwallex has secured $US3 million in pre-Series A investment led by Shanghai-based venture capital firm, Gobi Partners.
Microsoft small and midmarket solutions and partners (SMS&P) director, David Gage, has left the company to pursue other opportunities.
<a href="http://www.datatorrent.com">DataTorrent</a>, which claims its software can process billions of events per second in Hadoop clusters, has received $15 million in Series B funding.
Investors made a crowd around the cloud this week, investing $175 million in companies focused on everything from storage to the WAN to the supply chain.
In among all the cloud, security and mobile tech startups attracting venture funding so far this year, new companies focused on hiring, education and career development are pulling in big bucks.
Actifio has secured $US100m in venture capital funding, lead by Tiger Global Management and supported by a group of existing investors.
Venture capital firms continue to funnel big sums of money to big data startups. Hadoop player Cloudera announced $160 million in new financing, and analytics startup Platfora raised $38 million.
Venture capital firm, OneVentures, has made a “significant investment” in Charmhealth Pty, a Brisbane-based developer and supplier of specialist oncology electronic medical record and clinical information systems.
The Federal Government has injected $80 million into four Australian venture capital funds, with the aim of stimulating innovation and accelerating commercialisation in early stage Australian companies.
The amount of money people put into U.S. venture capital investments nearly returned to pre-recession levels in the second quarter, with most deals going to information technology companies, according to Dow Jones VentureSource.
Fast-growing Australian software company Atlassian has taken a $US60 million minority investment from US-based venture capital firm Accel Partners, with a long-term view to a public listing in the US.
Unlike other markets where venture capital firms may actively chase investments in sectors perceived to be "hot," Australian firms tend to steer clear of fads in technology or other industries, say longtime observers.