Five startups with ties to Australia, New Zealand and the US have announced new funding this week. The raises range from a NZ$2.6 million Series A to a US$40 million Series A, across advertising, industrial AI, vocational education, civil engineering and healthcare.
Cuttable, A$20 million
Melbourne-founded Cuttable has raised A$20 million in a Series A round led by Airtree Ventures. Square Peg, which led its seed round, returned for the Series A alongside existing investors Rampersand and Glitch Capital. Brand Fund by Previously Unavailable also backed the round. Cuttable turns a brand's existing photography, video and business data into ads for Meta and TikTok, and has relaunched its platform to recommend which ads to run next based on past results. The funding will go towards growing its teams in Melbourne, New York and San Francisco.
Syncrowin, $3 million
Melbourne industrial AI startup Syncrowin has raised $3 million in a pre-seed round led by New York's Collide Capital. Hustle Fund, POV Ventures, Co Ventures, Ventari and angel investors also took part. Syncrowin builds AI software for energy and manufacturing businesses that pulls together data from machinery, sensors and maintenance records to flag problems and recommend fixes. The funding will support product development, deployments across energy and manufacturing, and growth of its AI and engineering teams in Australia and San Francisco.
SupaHuman, NZ$2.6 million
Auckland-based SupaHuman has raised NZ$2.6 million in a Series A round led by Wellington venture capital firm Movac. Ecliptic VC, K1W1, Snowball and Serge van Dam also participated, and Movac's David Beard will join the board. SupaHuman builds AI software for vocational education and workplace training, helping providers design, validate and deliver courses. The money will be used to expand in Australia, where it soft launched in Melbourne in March, and to strengthen its New Zealand business.
Mach9, US$34 million
San Francisco-based Mach9 has raised US$34 million in a Series A round co-led by First Round Capital and Bessemer Venture Partners. Prudence and existing investor Quiet Capital also participated, bringing Mach9's total funding to US$49 million. The company makes AI CAD software for civil engineering that turns 3D scans of roads, utilities and construction sites into engineering drawings. It will use the funding to expand its software for surveying and civil engineering.
Baba, US$40 million
New York-based Baba has raised US$40 million in a Series A round led by FirstMark Capital. CVS Health Ventures and Valtruis joined the round, alongside returning investors General Catalyst, Genius Ventures and Ground Up Ventures. Baba is an applied AI company that combines clinicians, care coordinators and AI to help Medicare and Medicaid patients and families get, afford and keep track of their care. The funding will expand its clinical care teams, advance its AI research and grow partnerships with health plans.