Australia

Reveal, the global provider of the AI-powered eDiscovery, review and investigations platform, and forensics data specialists, CBIT Digital Forensics Services (CDFS), announced an alliance aimed at providing enhanced eDiscovery solutions and tools to legal and corporate clients. This allows CDFS to leverage the power of Reveal’s AI-powered platform to streamline the eDiscovery process and offer clients with unmatched expertise and technological capabilities.

In the era of 5G, telecommunication services providers (telcos) are under pressure to find new ways to build, operate, and monetize networks while delivering new and greater value to customers. As a result, telecommunication services providers are shifting to adapt to system disaggregation and open specification, and even harnessing the power of the cloud.

Australian founded EdTech firm Zookal, launched Zookal Genius™ AI, a new low-cost study tool being made available for senior students prepping for their Year 11 and final year exams. The artificial intelligence-powered platform is capable of calibrating more than 3.8 million pieces of exam content, doing math more accurately than ChatGPT, and rendering Multi-modal content and will level the playing field for hundreds of thousands of students across the country, who would normally pay high fees for tutoring during the senior exam period.   

Olliv, a global fintech company powered by cryptocurrency with over 4,500 ATMs worldwide, has announced the official expansion of its Order Desk services to the Australian market. The over-the-counter digital offering provides one-on-one access to personalised support from Olliv Relationship Managers who facilitate purchases and educate consumers about crypto and the industry. Order Desk offers a seamless experience and represents Olliv's commitment to making the global digital economy accessible to everyone everywhere.

Research from Riverbed, the global specialist in Unified Observability, has revealed that the mass retirement of Australian Baby Boomers and sharp rise of ‘digital natives’ in the workforce will result in heightened employee expectations about workplace technology. The impact on employers will see increased pressures on information technology teams to deliver on the digital employee experience in order to remain competitive and retain top talent.

Databricks, the Data and AI company, on the heels of its Series I fundraise of over US$500 million, has announced that it has more than doubled its headcount in Australia and New Zealand over the last two years and plans to continue hiring over the next 12 months. To support growing customer demand across the ANZ region, Databricks now employs a team of over 150 employees across ANZ. The company also revealed that it is one of the fastest-growing software companies globally with over U$1.5 billion revenue run rate.

Australian fast-growing hospitality technology platform Ordermentum has announced that it has acquired wholesale food marketplace Foodbomb to further accelerate its ambitious national growth strategy and continue to digitise the food and beverage ordering industry. As part of the acquisition, Ordermentum has also closed an oversubscribed capital round of $16m, with follow-on investments from Matt Rockman, David Gordon and Perennial Private Ventures Fund, and new investors participating like Microequities Asset Management, Aditum Ventures (part of DIFC-based Aditum Investment Management Ltd), and listed investment fund Touch Ventures. The investment values the combined business at over $100 million.

smooth and reliable level of working capital is essential to the success of any business and with the current economic challenges it’s becoming harder for small and medium enterprises (SMEs) to maintain this. Research data from accounting platform Xero shows one-third of Australian small business owners are unable to pay themselves due to cash flow challenges and 27% are being forced to dip into their personal savings to mitigate rising costs.

New data from thermal food locker company Foodifox has revealed Aussies who live in high-rise buildings experience major inconveniences when it comes to having food delivered - citing delays, cold food, and meeting drivers on the street as the biggest contributors. In a survey of 1000 high-rise dwellers, 40% reported that they had received cold or damaged food from food delivery drivers with a further 53% saying they’ve experienced significant delays with deliveries. Also, 37% say they often have to meet drivers on the street due to the driver’s unwillingness to meet them at their door, adding to their frustrations.

monday.com, a work operating system (Work OS) where organisations of any size can create the tools and processes they need to manage every aspect of their work, announced that it has expanded its Asia Pacific and Japan (APJ) workforce by welcoming Stefan Pfister as its new Senior Director, ANZ Sales and Eric Kim as its Business Operations Team Lead.