Freight and delivery vehicle manufacturer Applied Electric Vehicles (AEV) has raised US$40 million (A$57m) in a Series B. www.startupdaily.net/topic/fundin...

Manufacturing process management platform Factory has raised $4. www.startupdaily.net/topic/fundin...

A Melbourne startup described as “a Bloomberg terminal, but for the auto industry” has raised an $80 million Series B at a $230 million valuation. www.startupdaily.net/topic/fundin...

The decision to end SXSW Sydney after just three years has reiterated long-running concerns about how NSW supports one of its fastest-growing and most globally competitive creative tech sectors: independent game development. www.startupdaily.net/after-hours/...

Brisbane-based Startmate alumni Remy Tucker, 26, has landed a $1. www.startupdaily.net/topic/fundin...

School administration management platform Compass Education has acquired complementary startup rival Clipboard, for an undisclosed sum. www.startupdaily.net/topic/busine...

After Airwallex made the news for all the wrong reasons last week, CEO Jack Zhang took to LinkedIn to take on “fake news” about his $12 billion payments fintech. www.startupdaily.net/topic/busine...

The round was jointly led by the National Reconstruction Fund (NRF) and existing backer, super fund Hostplus.

The Melbourne design software platform specifically for mass timber construction was founded in 2023 as CLT Toolbox.

NRF is co-leading the round with OIF Ventures, taking a preferred equity stake in the ongoing $36 million Series D.

Telecommunications giant Telstra plans to spend $700 million – $100m annually – over the next seven years to ramp up its data and artificial intelligence (AI) capabilities in a joint venture with its long-time partner Accenture. www.startupdaily.net/topic/telstr...