Australian telehealth startup Eucalyptus sold to US-based Hims & Hers for up to $1.15 billion, with CEO Tim Doyle moving to SVP International. Meanwhile, WiseTech Global slashed 2000 coding roles, replacing them with AI. Worth noting: both moves signal major shifts in ANZ tech hiring.
Daniel Dines returned to UiPath CEO role just four months after stepping down, while Workday's Aneel Bhusri came back as AI agents threaten SaaS per-seat models. Both founder comebacks signal existential pivots: when AI disrupts your category, professional operators are not enough.
UpGuard closed a $105 million Series C led by New York PE firm Springcoast Partners. The 14-year-old Hobart startup is scaling go-to-market and eyeing acquisitions. Worth noting: cyber risk management platforms typically hire enterprise AEs in waves post-Series C.
Sydney logistics startup Sendle entered liquidation six weeks after abrupt shutdown. The company raised over $100 million, expanded to US in 2019, then collapsed when August 2025 merger partner ACI Logistix failed to pay. No public data on sales team size or revenue exists. SMB customers now hunting alternatives like Shippit.
Luke Anear is back as CEO of SafetyCulture after Kelly Vohs leaves following 14 months in charge. The shift comes as the $2.5 billion Sydney unicorn pivots to AI, with Anear citing the need for consistent leadership at HQ. Worth noting: SafetyCulture took a $200 million valuation cut in its last raise.
Hobart cybersecurity scaleup UpGuard closed a $105 million Series C led by Springcoast Partners. The funding will drive sales hiring across their Mountain View and ANZ offices as they expand their AI-powered cyber risk platform. Worth watching: comp data for enterprise AE and SDR roles as they scale go-to-market teams.
The federal government is offering $500 million to co-invest with venture capital firms backing Australian defence and dual-use tech startups. The Advanced Capabilities Investment Fund targets AI, cyber, quantum, and undersea warfare capabilities. Expressions of interest close April 30.
Sydney unicorn acquires US marketing algorithms startup MangoAI and UK animation platform Cavalry. Fifth and sixth acquisitions in two years. No sales team headcount or comp details disclosed, but B2B segment hit $500M ARR last year through 100% growth.
Victoria raised $2.2B in venture capital across 134 deals in 2025, overtaking NSW for the first time. The catch: mega-rounds drove growth while sub-$5M deals dropped from 87 to 66. Median Series B+ climbed to $40M, up from $17M.
Sydney telehealth startup Eucalyptus sold to NYSE-listed Hims & Hers for $1.6 billion, three times its 2023 valuation. The deal includes $340 million upfront, earnouts through 2029, and signals continued consolidation in digital health. Worth noting: Eucalyptus was burning cash with a $15 million loss in FY2024 despite $640 million ARR.
Anthropic closed a $30 billion Series G at $380 billion post-money valuation, reporting $14 billion annualized revenue. The round tripled in size as demand overwhelmed supply. Three consecutive years of 10x revenue growth, but the company is still burning cash and the CEO has warned publicly about insolvency risk if compute spend goes wrong.