Australia: Google buys Kaggle; Equitise new platform; CIM Enviro Series A

In multiple developments in Australia, Google has acquired data science platform Kaggle while crowdfunding platform Equitise has launched a new platform enabling co-investments. Also, CIM Enviro has raised a Series A round.

Google acquires Kaggle

Google has acquired Melbourne-founded and San Francisco-based data science platform Kaggle. Financial terms of the deal are undisclosed.

Kaggle is led by chief executive Anthony Goldbloom, who founded the company in 2009 and relocated to Silicon Valley to run it.

TechCrunch initially reported on rumours of an acquisition following a $100,000 competition jointly hosted by Google and Kaggle.

In an official statement on the Google Cloud platform blog,  Fei-Fei Li, Chief Scientist, Google Cloud AI and Machine Learning San Francisco, commented: “Today, I’m excited to announce that Kaggle will be joining Google Cloud. Founded in 2010, Kaggle is home to the world’s largest community of data scientists and machine learning enthusiasts. More than 800,000 data experts use Kaggle to explore, analyze and understand the latest updates in machine learning and data analytics.”

Kaggle and Google Cloud will continue to support machine learning training and deployment services, while offering the community the ability to store and query large datasets.

Equitise launches new platform to enable co-investment in startups

Crowdfunding platform Equitise is launching a new platform, Syndicate, catering to sophisticated investors in Australia. This new offering will permit co-investment in new tech ventures and startups alongside high profile venture capital (VC) firms and angel investors.

According to Equitise co-founder Chris Gilbert, this new offering will enable investors new to the VC space to back companies that have been vetted. To date, it has already enlisted around 30 venture capitalists and angel investors, including Reinventure and Tank Stream Ventures.

By the end of 2017, Gilbert hopes to host about 50 Syndicate campaigns, with VCs, family offices and angel investors able to create their own investment syndicate and process their own deal flow. In February 2016 it closed an investment from Investec,

CIM Enviro raises A$3m Series A

Sydney-based CIM Enviro has closed an A$3 million in Series A funding to accelerate its growth from Capital Markets Cooperative Research Centre’s investment arm Capital Markets Technologies (CMT).

CMT invests in startups and emerging growth venture investments in private financial or health technology companies in Australia and overseas. It maintains a small investment fund of A$15 million and targets investments of A$1 million to A$5 million, with a focus on developing financial technologies, or technologies related to this field.

Launched about four years ago, CIM Enviro combines the industrial Internet of Things (IoT) technology with big data analytics to make large building sites more energy efficient.

The latest investment will see it aim to expand into the large office and hospitality sector.

Also Read:

Australia’s NAB Ventures leads $24m Series B in payments provider Veem

Australian varsities close $15m commitments for Uniseed follow-on fund

Microequities VC Fund backs Australia’s Outfit

Australian bank Macquarie Group to buy Cargill’s global oil business

Australian VC sector raised $568m in 2016, sitting on $450m dry powder

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.