Fundraising stories

VAST Data's latest funding round highlights booming demand for AI infrastructure, with backers betting on its data platform and global expansion plans.

Pinewood boosts annual revenue and EBITDA as testing begins at Lithia's US dealerships, with cash rising and medium-term growth targets intact.

Wasabi lands USD $250 million Bain-led credit line to fund cloud storage expansion, AI-ready infrastructure and overseas growth.

Tines ramps up Australia presence with APAC hub and customer-facing hires as local firms and IT teams drive broader AI automation adoption.

US AI megadeals push global venture capital to a record USD $330.9 billion as OpenAI, Anthropic and xAI dominate first-quarter funding.

Clean Slate Clinic secures $4.3 million to expand virtual alcohol detox service, with new support from Giant Leap and Scale Investors.

Caruso lands AUD $9.3 million from Icehouse Ventures and GD1 as Centuria joins 80-plus clients using its AI-native fund administration platform.

Beaten Zone secures AUD $17 million as Steve Baxter-backed fund benefits from rising investor interest in Australian defence technology.

Triple Bubble lands early support from x15ventures and Brad Feld as the Melbourne fintech fund targets a USD $50 million close.

OpenAI secures USD $122 billion in funding as Amazon, Nvidia and SoftBank back a rapid expansion in compute, enterprise tools and product plans.

Rosella bags AUD $3.7 million to automate commercial insurance broking as it targets the USD $215 billion US market.

OpenFX secures USD $94 million to scale real-time cross-border payments, after growing annual volumes to more than USD $45 billion and adding 100-plus clients.

Multiplier expands in New Zealand with Oxygen Advisors buyout as the startup-focused accounting firm joins its global roll-up.

Zalos secures USD $3.6 million seed funding to build AI agents that automate complex finance workflows across legacy enterprise systems.

Obin AI exits stealth with USD $7 million to build auditable AI agents for heavily regulated financial workflows and asset managers.

Robinhood Ventures Fund I adds Stripe and ElevenLabs stakes to give retail investors listed access to late-stage private tech firms.

Cryptio raises USD $45m Series B to scale its digital asset ERP platform for banks, auditors and tokenisation firms handling on-chain data.

Scopey Onsite has raised EUR €523k in pre-seed funding to expand its AI-based construction reporting platform across Ireland, the UK and Australia.

Sentinel Global rebuilds its AI-driven venture team around GIC veteran Jeremy Kranz and expands Sentinel Labs, targeting a 2026 fundraise.

Legal AI platform Legora raises USD $550m at a USD $5.55bn valuation to speed expansion across the US and wider Asia-Pacific markets.