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EVP takes legal action against StrongRoom AI's founders and administrators, freezing assets to try and get their $10.4 million back - Startup Daily
EVP has lodged legal action in the Federal Court of Australia in a bid to recoup the $10.44 million it invested in Melbourne startup StrongRoom AI. The Sydney venture capital firm headed to court in Brisbane on Monday afternoon to seek an urgent order freezing assets worth up to $10,440,969 million against 13 defendants, including... Read more »
Just a fortnight after raising $17 million, medicines management startup Strongroom AI is in receivership - Startup Daily
Financers for Melbourne startup Strongroom AI have forced the company into administration, amid concerns about the company’s accounts. The move comes after the lead investor, EVP called in police on Monday after asking for its money back following a $17 million raise in early March. The request was declined by StrongRoom. On Friday morning, new... Read more »
Amazon's going to send your Alexa conversations to its cloud for AI training, whether you like it or not - Startup Daily
From 28 March, the ‘Do Not Send Voice Recordings’ option will be replaced so recordings of whatever you say to Alexa will be stored on Amazon’s systems long enough for it to be used to train the generative AI.
Tech reactions to the 2025 federal budget - Startup Daily
There was next to nothing for the tech and startup sector in the 2025 federal budget as the Labor government prepares to call an election and seek a second term. For the second year in a row, the government has delivered little for the startup sector and it does not feature specifically in the budget.... Read more »