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🇦🇺 This Week in Australian Startups #173, 9th August 2026

Weekly roundup: Firmus completes its $2.85b round; Procore acquires DroneDeploy; Atlassian rebounds while Canva cuts guidance; plus fresh raises for Zabidou, BioScout, Vexev, Enrola, Spacetalk and others.

Also Dealroom·RenewEconomy·RenewEconomy

AMD neocloud OneQode rattles the tin with $250m-plus valuation

OneQode, an AI startup using AMD technology, is highlighted alongside other neoclouds, with reports suggesting a valuation exceeding 250 million dollars.

Australia doesn’t need copyright change to win data centre billions, AI boss says

The head of neo-cloud firm Sharon AI argues no copyright change is needed to attract data centre investment; the piece recalls its Nasdaq listing raise and a large new financing.

Also AFR Technology·Forbes Australia·Dealroom

Brisbane Airport out, Moreton Bay in: PsiQuantum picks new site for its $940m quantum computer build

PsiQuantum has relocated its $940m government-backed quantum computing project to Moreton Bay after dropping the Brisbane Airport site, with groundbreaking set for June following timeline slippage flagged in Senate Estimates.

Also Startup Daily·Startup Daily

Frore Systems raises $143M Series D at $1.64B valuation

Frore Systems Becomes Unicorn After Raising $143 Million in Series D Funding

Semiconductor cooling firm Frore Systems landed a $143 million Series D round led by MVP Ventures, reaching unicorn status at a $1.64 billion valuation; lifetime funding now totals $340 million.

Also bangid.com

Q2 2023 Global Fund Newsletter

Defender's quarterly fund letter reports Q2 returns, AI and resources holdings, and portfolio company Lyka's second up-round at a stated US$150 million valuation.

Also SmartCompany·SmartCompany·Techboard·Business News Australia·Forbes Australia

Australian 5G semiconductor innovator launches

Chip startup milliBeam announces a $750,000 seed round from CSIRO's venture arm Main Sequence, funding its mmWave 5G beamforming technology and a planned Sydney research centre.

Also @AuManufacturing·Startup Daily