Displaying items by tag: Investment

Australian investment into Asian start-ups has surged over the past decade, totalling $23.8 billion from 2013 to 2023, according to a new paper from Asialink Business and the Tech Council of Australia (TCA).

Drone services provider Sphere Drones has secured a significant tender with the Western Australian Police Force (WAPOL) to supply drone-in-a-box and associated systems for their Drones as First Responder (DFR) program.

e-scooter operator Neuron Mobility has announced a multi-million dollar investment into front-facing AI-powered cameras, which will be installed on every e-scooter in their 1,250-strong Melbourne fleet over the coming months.

More homes and businesses in regional Australia can now access higher nbn network speeds on their nbn fixed wireless connection as nationwide upgrades enable faster speeds across the network during busy periods - and the introduction of the “fastest wholesale speeds ever offered” on the nbn Fixed Wireless network.

GUEST RESEARCH:  More than two-thirds (69%) of Australian managed service providers and resellers forecast that their customers will increase their investment in cybersecurity in the new financial year with 51 per cent citing that generative AI will unlock new opportunities for work.  That’s according to a survey of 84 respondents conducted by WatchGuard Technologies at the recent Leader Expo events in Sydney and Melbourne.

In a successful Australian pilot, QBE Ventures announced that it has harnessed technology from investments in geospatial technology and AI to support the claims experience for commercial customers impacted by Tropical Cyclone Jasper in December 2023.

Australia’s national science agency, CSIRO has announced that it will partner with governments across the Pacific and Southeast Asia to help them better prepare for, and respond to, disease outbreaks.

Motorola Solutions has opened its new research and development centre in Ho Chi Minh City, Vietnam, to advance data analytics and AI-enabled technologies that help fuel the company’s safety and security ecosystem.

Superior detection efficacy, international expansion, and ongoing advances lead to double-digit growth

Highlights:

• Barracuda’s ongoing investment in machine learning delivers improvements in detection efficacy.
• New innovations deliver enhanced user experience, reporting, data loss engine, and data residency support for international customers.
• AI-enabled email protection helps Microsoft 365 customers to block 70% more business email compromise attacks than when relying on native security alone.
• Barracuda’s Email Protection SaaS business experienced double-digit growth, with MSPs representing the fastest growing channel segment.

COMPANY NEWS: Barracuda Networks, Inc., a trusted partner and leading provider of cloud-first security solutions, today announced increased efficacy with its Email Protection platform and additional AI innovation for better defenses against emerging threats.

Arcserve has appointed industry veteran Chris Babel as Chief Executive Officer.

Breakthrough Victoria is investing $20 million in Victorian company RayGen Resources, with the investment designed to enable the State’s transition towards clean sources of energy.

Australia’s national science agency, CSIRO, is inviting small to medium enterprises (SMEs) working on advanced manufacturing solutions to apply for a self-paced, 10-week, online program that can help them turn an idea into an R&D opportunity.

A $20 million investment to provide small to medium enterprises (SMEs) with greater access to vital research and development (R&D) opportunities to accelerate their growth, has been announced by Australia’s national science agency, CSIRO.

The competition watchdog the ACCC has released its final report outlining the findings of an inquiry into whether nine wholesale telecommunications services should continue to be regulated.

A landmark new initiative, Catalysing Australia's Biosecurity (CAB), will draw on cutting-edge technologies and digital systems to protect Australia’s native species, crops, livestock and food supply.

GUEST OPINION:  The hype cycle surrounding artificial intelligence (AI) shows little sign of abating, however Australian businesses are looking beyond it to assess the technology’s real-world applications.

Digital asset management (DAM) software provider Canto has chosen Sydney to establish its APAC hub, to “service its growing client base and to scale up growth in the ANZ market”.

Australian financial technology company Raiz Invest claimed it has helped Australian Millennials and Gen Zs to save and invest $441 million in 2023 and $2.4 billion since its launch in 2016.

GUEST RESEARCH: Bitdefender Labs has been keeping up with the latest modus operandi of cybercrooks who adapt emerging technologies to siphon money from consumers.

Global IT infrastructure and services company NTT has announced its key technology predictions for 2024 with a key focus on the adoption of Artificial Intelligence (AI).