Misha Saul

StrongRoomAI cofounder denies investor EVP's claim that he admitted to fraud

StrongRoomAI chief Max Mito denies EVP's fraud allegations in Federal Court; the startup is in administration ahead of a sale after the Sydney VC's $17m backing unravelled into litigation.

After investing $10.4 million, EVP claims StrongRoom AI's CEO and cofounder admitted to fraud with fake revenue numbers

EVP alleges StrongRoom AI's CEO admitted fabricated revenue and debt figures after the Sydney VC invested $10.4m in a $17m raise; the Melbourne startup is now in administration with assets frozen.

Strong Room AI's administrators press ahead with sale amid court battle over $10 million

Strong Room AI, a Melbourne medicines-management startup, is in voluntary administration weeks after a February raise; investor EVP's court action froze assets while administrators seek a buyer and creditors meet on April 8.

‘The investor’s role is to build, not to destroy’: StrongRoom AI’s Seed backer takes aim at EVP amid pending legal battle over $10.4 million

Tyson & Blake, which seeded StrongRoom AI, threatens legal action against EVP, which is suing to recover its $10.4 million after the Melbourne medtech entered administration.

Medication management software startup swallows $17 million

StrongRoom AI, a pharmacy software startup, has banked $17 million in an EVP-led round valuing it near $70 million, and is buying loyalty program Member Benefits Australia with part of the proceeds.

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