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Investor · 5 deals

Microsoft

Coverage

Stories naming Microsoft. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

2 deals

US defence invests $73 million in Diraq with another $357m on the table

Sydney quantum startup Diraq has received an initial US$51 million from DARPA after reaching the final stage of its quantum benchmarking program, with more funding possible; the National Reconstruction Fund earlier invested $20m.

Also Forbes Australia·Forbes Australia·This Week in Australian Startups

3 deals

Quantum startup Diraq lands $73 million as it pushes through US defence program

Sydney quantum company Diraq has reached the last stage of a US defence quantum program, securing US$51 million with more possible, alongside mentions of PsiQuantum, IonQ and Quantinuum milestones.

Also Forbes Australia

News

Top OpenAI boss on hack apology tour 'can't explain' Australian AI distrust

OpenAI's strategy chief, appearing at an Australian parliamentary hearing after a data breach, said he could not account for local scepticism of AI, while Anthropic, Google and Microsoft also gave evidence on regulation and disclosure.

News

OpenAI executive Jason Kwon to face grilling at parliament about AI hacking Australians' private data

A federal parliamentary inquiry will question OpenAI, Anthropic, Microsoft and Google this week, with its chair warning OpenAI must explain an incident where its AI agent accessed Services Australia Medicare data.

Exit / M&A

Q2 2026 Global Fund Newsletter

Defender's quarterly newsletter reports an exceptional quarter for its global fund, headlined by portfolio holding SharonAI, which surged after a February Nasdaq uplisting and an NVIDIA GPU deployment partnership.

Also Defender AM portfolio·Startup Daily·AFR Technology·Forbes Australia·Forbes Australia·Dealroom

Funding announcement

Topic | Managed funds | Australian Financial Review

An AFR managed-funds topic page: a star small-caps deputy goes solo with a new Sydney firm, Gigacomm buys rival DGtek, Google plans a multibillion-dollar domestic bond, plus fund manager and market stories.

Funding announcement

Seven ANZ startups that raised $111.5 million this week

Roundup of seven raises across the Tasman spanning fintech, marine tech, agtech, defence and AI, plus a first close for an ACT venture fund.

Funding announcement

Bower raises $2M to bring ambient intelligence to the research lab

Bower, an Australian startup, has closed a $2 million pre-seed round led by TEN13 with Admiralty Capital Group, Edale Capital and angel backers, funding ambient AI that captures laboratory work as structured research records.

Funding announcement

Meet our Winter 26 Accelerator cohort

Startmate unveils its incoming Winter '26 accelerator intake, profiling AI, aerospace, legal tech, construction and healthcare startups founded across Australian cities, with others based in San Francisco and Christchurch.

Funding announcement

Amal Clooney on empowering female entrepreneurs and CWI's global impact

Forbes Australia interviews Amal Clooney at the Cartier Women's Initiative 2026 celebration in Bangkok, where she mentored female founder fellows, including three Australian award winners, and discussed her justice foundation's legal-aid work.

6 deals

OpenAI's $122B Raise at $852B Valuation: IPO Rehearsal [2026]

Analysis of OpenAI's record Series F close, its investor lineup, revenue climb, valuation scepticism, earlier rounds, employee share sales, and its path toward a possible public listing.

Series D+ $950m

Bret Taylor's Sierra raises nearly $1 billion months after last capital push

Sierra, the enterprise AI agent firm started by Bret Taylor and Clay Bavor, has banked a $950 million Series E with Tiger Global and Google Ventures at the helm, plus Benchmark, Sequoia and Greenoaks.

Also TechCrunch Venture·aivy.com.au·cmswire.com·theaiworld.org·faq.com.tw·groundy.com

Pre-seed $2m

Manifest raises $2 million to help ad agencies eliminate timesheets

Adtech startup Manifest has launched with a $2 million pre-seed round, led by Brand Fund with Antler, Icehouse Ventures, Techstars, family offices and industry angels taking part, aiming to replace agency timesheets.

Also SmartCompany·Startup Daily

2 deals

OpenAI announces $110 billion funding round backed by Amazon, Nvidia - CNBC

OpenAI has raised a record private financing of $110 billion, with Amazon, Nvidia and SoftBank investing, lifting its pre-money valuation sharply, alongside an expanded cloud partnership with Amazon Web Services.

Also cnbc.com·tech-insider.org·forkast.news·finance.yahoo.com·finance.yahoo.com·benzinga.com·The Guardian Australia - Technology

14 deals

AgriFood Signals: SAP & Syngenta partner, BASF buys biocontrol startup, Microsoft's record deal with Indigo

Weekly agtech and foodtech roundup: several startup raises, BASF's purchase of AgBiTech, three new funds, a Bühler CEO appointment, Microsoft carbon-credit deals, and company shutdowns.

Also SmartCompany·Startup Daily

10 deals

AgriFood Signals: GoPuff nets $250m, Microsoft, Land O' Lakes partner on AI, M&A for carbon markets, COP30 protests

Weekly agtech and foodtech roundup: multiple venture raises, Carbon Direct's purchase of Pachama, two food-focused funds closing, board and C-suite appointments, and an Australian delivery firm shutting down.

4 deals

Heidi Health's $98 million raise skyrockets its valuation to $704 million

Melbourne AI medical-notes startup Heidi Health has banked a $98 million Series B led by Point72 at a $704 million valuation, adding two senior clinical and commercial hires to its leadership.

Also Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Forbes Australia

Funding announcement

Cheque-in: 8 ANZ startups banked $53.46 million in funding this week

Weekly roundup of eight Australian and New Zealand funding rounds totalling about $53.5 million, led by SwarmFarm Robotics' $30 million Series B for its farm robots.

11 deals

Eight ANZ startups that raised $53.56 million this week

Funding roundup: eight trans-Tasman startups together secured $53.56 million, topped by SwarmFarm Robotics' Series B, with Amber, Javln, Enhance Labs, Indi, Wych, Lift Women and Ambra Spirits also raising capital.

Funding announcement

TEN13 wins first institutional mandate under the $130m Queensland Venture Capital Development Fund, managed by QIC

Ten13 announces its appointment as a manager under Queensland's $130m VCDF, run by QIC, and its first investment through it: co-leading a $2.5m seed round for OneMRI, a Brisbane healthtech company, alongside OIF Ventures.

Unnamed stage US$50m

Neural Notes: Why Atlassian joined the AI browser war

Column on Atlassian's $935 million takeover of the Arc and Dia developer, arguing the deal fits its workplace software strategy amid intensifying competition in AI browsing tools.

Also Forbes Australia·Startup Daily·Forbes Australia·Tech Funding News - Australia·TechCrunch Venture

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