Ledger. Australian venture funding, tracked

Startup · $5m raised · AI

Springboards

Company generating creative AI output with proprietary model Flint Alpha

Noosa, QLD

Coverage

Stories naming Springboards. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Exit / M&A

Goodbye, SaaS. Welcome, SaiS.

Blackbird partner Tom Humphrey argues AI panic overstates the threat to software firms, sketching four stages from bolting on models to training them, and pointing to Canva's acquisitions and Springboards' new model as proof.

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undisclosed US$9m

Investment Notes: Lorikeet

Blackbird's note explains why it led Lorikeet's nine-million-US-dollar round alongside co-investors, describing the startup's workflow-first approach to harder support tickets and its results with Eucalyptus.

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