News publication
Everything we hold that iTnews published.
Every article we hold from iTnews.
Australian Nvidia-backed data centre operator Firmus abandoned its planned US$5 billion IPO citing market conditions, and will instead pursue private capital; investors were reportedly sceptical of its valuation and debt.
Firmus is floating on the ASX this month, offering up to US$5.5 billion, with half earmarked for existing backers including Nvidia, Coatue, Blackstone and Jane Street from its August round.
Under This Week in Australian Startups ·leads this story in the feed
Bending Spoons is buying collaboration software maker Miro in a cash deal, with some Miro shareholders reinvesting proceeds into the buyer's equity; the acquirer also recently bought Airtable.
SUBCO signed a US$300 million deal giving Firmus long-term capacity on its APX East subsea cable; the article also notes Firmus's recent US$2 billion raise and planned Tasmanian data centres.
Under Startup Daily ·leads this story in the feed
REA Group has created its first chief AI officer role and appointed Thyago Liberalli, a long-serving Seek AI leader, to it; he reports to CTO Steve Maidment.
Profile of the Avnet partnership that helped Liquid Instruments scale its Moku:Pro hardware from design to volume manufacturing; also notes the Canberra firm's recent $50m Series C with Keysight co-leading.
Under liquidinstruments.com ·leads this story in the feed
Australian textile-emissions startup Xefco closed a $10.5 million round led by Main Sequence, with new backers Breakthrough Victoria and Virescent Ventures; existing shareholders Investible and Voyagers back commercialisation of its Ausora technology.
Under Investible portfolio ·leads this story in the feed
Applications open for NSW's program supporting 300 female founders, delivered by Tech Ready Women; alumnus Zondii's founder recalls her 2021 seed raise.
Also nsw.gov.au
Construction tech firm Buildxact has completed a Series A round led by Regal Funds Management with several other backers, to fund overseas growth and product development; the deal values it at $125 million.
Under Shearwater Capital portfolio ·leads this story in the feed
Deals recorded from iTnews's coverage. A round is listed once, however many of their articles mention it.
| Company | Stage | Announced | Amount | Investors |
|---|---|---|---|---|
| Firmus Technologies | Unnamed stage | 7 Aug 2026 | $2.8b | |
| Liquid Instruments | Series C | 2026 | $50m | |
| Xefco | Seed | 29 Apr 2024 | $10.5m | |
| Buildxact | Series A | 1 Feb 2022 | $18.5m | |
| Zondii | Seed | 2021 | $890k | |
| Danielle Morton | Accelerator | 2021 | - |
Companies named in iTnews's articles, most-covered first.
| Company | What it does | Articles |
|---|---|---|
| Blackstone | 3 | |
| Coatue | 3 | |
| Firmus Technologies | GPU-powered AI cloud and scalable compute infrastructure | 3 |
| Jane Street | 3 | |
| Nvidia | 3 | |
| Airtable | 1 | |
| Avnet | 1 | |
| Bank of America | 1 | |
| Buildxact | 1 | |
| Clean Energy Finance Corporation | 1 | |
| Investible | 1 | |
| JP Morgan Chase | 1 | |
| Liquid Instruments | 1 | |
| Miro | 1 | |
| Morgan Stanley | 1 | |
| Morgans | 1 | |
| NSW Government | 1 | |
| REA Group | 1 | |
| SEEK | 1 | |
| SUBCO | 1 | |
| Sydney Startup Hub | 1 | |
| Tech Ready Women | 1 | |
| Telstra | 1 | |
| Ten Cap | 1 | |
| Voyagers Climate-Tech Fund | 1 | |
| Xefco | 1 | |
| Zondii | 1 |
Investors named in iTnews's articles, most-covered first.
| Investor | What it does | Articles |
|---|---|---|
| Breakthrough Victoria | 1 | |
| Keysight Technologies | 1 | |
| Main Sequence Ventures | 1 | |
| Ophir Asset Management | 1 | |
| Possible Ventures | 1 | |
| Regal Funds Management | 1 | |
| SecondQuarter Ventures | Liquidity solutions for investors, staff and founders | 1 |
| Shearwater Capital | 1 | |
| Thorney Opportunities | 1 | |
| Virescent Ventures | 1 | |
| Washington H, Soul Pattinson | 1 |