AI agent boom powers two-year-old Sydney start-up to $200m valuation
Canva founders Melanie Perkins and Cliff Obrecht were among the investors in the latest round, which was led by US-based firm QED Investors. Venture capital groups Blackbird Ventures and Square Peg Capital also participated, as well as the founders of Australian fintech Airwallex.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Age
21 minutes ago
- The Age
Gold miners, CBA drive market to record high; ASX makes TPG bungle
Welcome to your five-minute recap of the trading day. The numbers The S&P/ASX 200 hit a record intraday peak of 8848.8 points before settling at its highest-ever close of 8843.7, up 73.3 points, or 0.8 per cent for the day. Ten of the 11 sectors finished in the green, with utilities lower. The broader All Ordinaries rose 78.3 points, or 0.9 per cent, also to a record-high close of 9107.1, after hitting a peak of 9115.4 during the session. The Australian dollar is higher against most major currencies, buying US64.88¢, up from US64.60¢ on Tuesday at 5pm. The lifters Energy and materials stocks led the gains, with gold miners Northern Star (up 5 per cent), Newmont (up 2.2 per cent) and Evolution Mining (up 1.9 per cent) jumping as the price of the haven asset rose overnight. Fortescue (up 1.3 per cent), Rio Tinto (up 1 per cent) and BHP (up 0.3 per cent) were all ahead. Woodside and Santos each added 1.3 per cent, Yancoal jumped 2.5 per cent and Ampol was 0.3 per cent higher. Financial stocks were stronger. Australia's most valuable company and the world's most expensive bank stock CBA led the big four, up 1 per cent to $174. Westpac gained 0.7 per cent while ANZ gained 0.1 per cent and NAB added 0.5 per cent. Rupert Murdoch's News Corp added 7.2 per cent after the media giant reported a growth in revenue in its full-year earnings, released after the closing bell on Wall Street. Its ASX-listed digital real estate business, REA Group, jumped 7 per cent as it reported record figures, after higher listing prices helped drive a 23 per cent lift in net profit after tax.
Sky News AU
40 minutes ago
- Sky News AU
Ethereum the most popular category of ETFs in Australia after 57 per cent surge in July, while Bitcoin rises by 12 per cent
Bitcoin's growth was eclipsed by rival decentralised blockchain Ethereum in July as enthusiasm for exchange-traded funds surged among Australian traders. Global X on Thursday said it had posted its strongest month of flows on record in July, attracting $370 million in net inflows, with a significant amount going to US assets. The company's Senior Product and Investment Strategist Marc Jocum said confidence in US exceptionalism and artificial intelligence were two of the trend's key drivers. Ethereum, one of Bitcoin's main rivals, grew by 57 per cent in July, making it the best performing ETF on the Australian market. Bitcoin rose by 12 per cent during the same time period. In the US in July, Bitcoin ETFs experienced $6.3 billion in flows. Ethereum ETFs had flows of $5.5 billion.
Sky News AU
40 minutes ago
- Sky News AU
ASX makes $410 million mistake
The Australian Stock Exchange is under fire for a $410 million mistake. When processing a market announcement, a market operator confused telco giant and Vodafone owner TPG Telecom with TPG Capital. The ASX incorrectly announced that TPG Telecom was buying Australian software provider 'Infomedia', whereas it was private equity group TPG Capital Asia making the acquisition. Naming the wrong company turned out to be a $410 million blunder as TPG Telecom stocks dropped four per cent.
