RelevanceAI

Skalata named Australia's most active investor for H1 2024

Australian startup capital climbed 30% in early 2024 even as deal counts fell; Skalata Ventures topped investor activity with 13 participations, ahead of Blackbird and Investible.

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Two Sydney teenagers are building AI startups before they finish school

Report on OpenAI's Sydney Founder Day profiling two school-student founders: one whose gaming-advertising venture has raised pre-seed funding, and one building a platform helping small businesses coordinate their tools.

Galileo Ventures reaches first close on its second fund

Artesian writes that Galileo Ventures' second fund has closed $15 million of a $30 million target, counting Artesian and Innovation Victoria among its backers, and has made a first investment in Fluent BCI.

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State of AI 2026 Report

Galileo Ventures promotes its report from a May 2026 AI event it hosted with OpenAI, three portfolio companies and several investors, highlighting local venture data and an early-stage investment thesis.

The New Industrial Revolution Emerges: Year in Review and What's Next in 2026

Galileo Ventures' annual letter looks back on 2025: a partner hire, raises at Relevance AI, Andromeda and Tixel, a 25th investment in Isaacus, and Breakthrough Victoria as cornerstone backer of Fund II.

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FORBES Australia's 30 UNDER 30 list 2025

Forbes Australia unveils its 2025 30 Under 30 honourees across technology, sport, finance and the arts, noting startup raises, an early-stage venture fund close and major athlete contracts.

Breakthrough Victoria is slinging another $75 million at local VC funds

Victoria's Breakthrough Victoria has committed $75m to five specialist VC funds covering climate tech, life sciences, female founders and healthcare, each pledging a quarter of its capital to local startups.

BREAKTHROUGH VICTORIA INVESTS $75 MILLION IN VENTURE CAPITAL FUNDS TO BUILD VICTORIA'S INNOVATION ECOSYSTEM

Breakthrough Victoria is putting $75 million into five venture capital funds, including Virescent, SYNthesis BioVentures, Scale and Galileo, each of which has pledged a quarter of its capital to Victorian startups.

2 Aussie startups make the cut for the latest AWS Generative AI accelerator

AWS picked 40 startups for its 2025 Generative AI Accelerator, including Australians Pluralis Research and Mary Technology; the piece recalls past raises by alumni Relevance AI, Leonardo.ai and Marqo, and Leonardo.ai's sale to Canva.

Archangel Ventures 2021 - A year in review

Archangel Ventures reviews 2021: the Australian early-stage firm closed its first annual fund, made 24 investments, and recalls portfolio raises by Atelier, Bardee, Heaps Normal and Relevance AI.

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Customer experience platform Brainfish hooks $9.8 million pre-Series A

Sydney AI customer-support startup Brainfish has secured a $9.8 million pre-Series A, with Prosus Ventures leading and existing backers Peak XV's Surge and Macdoch Ventures participating, to fund its US expansion.

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Meliora's Clive Dickens teams up with NextGen Ventures to back AI startups

Meliora, Clive Dickens' advisory firm, has started backing AI companies alongside a student-focused venture fund that is closing in on its fundraising target.

Also Forbes Australia

Meet the Aussies on the 2025 Forbes 30 Under 30 Asia list

Relevance AI raises $24M to help businesses build AI agents

AI agent platform Relevance AI has closed a Bessemer-led Series B with its earlier backers reinvesting, and is rolling out new agent-building tools while expanding its American go-to-market presence.

Also Forbes Australia·Startup Daily

Australia's AI Moment: Build, Lead, or Fall Behind

Galileo Ventures argues Australia risks missing the AI revolution, proposes a five-pillar national investment strategy, and announces Fund II to back AI founders, citing its Fund I portfolio and Airtrunk's sale as evidence.

King River Capital is building a $157 million sixth VC fund to back AI

King River Capital is wrapping up a A$157 million (US$100 million) fund for AI startups, with Future Super, David Gonski, Marinya Capital and the Smorgon family among its backers.

Asian VC Sequoia India selects two Australian startups for its accelerator after rebrand and split from US

Peak XV, the former Sequoia India, has picked Relevance AI and Mercu for the ninth Surge cohort, while recalling earlier Australian investments including HealthEngine, Checkbox, Nugit and the collapsed delivery firm Voly.

The final FUNDED for 2021

Techboard's year-end roundup catalogues November funding activity: big raises for Rokt, Harrison.ai and Pet Circle, five acquisitions, Investible's second fund closing at $51.6m, plus a watchlist of companies still seeking capital.

Also Australian FinTech

Pets, cars and cybersecurity: 10 Aussie startups that raised a combined $372 million this week

A weekly roundup reporting ten Australian startups that together raised about $372 million, spanning pet e-commerce, marketplace software, fintech, used cars, cybersecurity, freight, data tools, genetic testing and payments anti-fraud.

Also SmartCompany·Startup Daily·Techboard

Relevance AI Raises A$37m to Build the AI Workforce of The Future

Galileo Ventures reflects on backing Relevance AI from its VectorAI origins, recalling its seed and Series A rounds and celebrating the company's newly announced Series B.

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