AI leads Australian startups’ $5 billion funding boom

AI leads Australian startups’  billion funding boom

By Tess Bennett
Publication Date: 2026-02-02 09:00:00

Funding for Australian technology start-ups rose by $1 billion last year, fueled by a gold rush in artificial intelligence, as local investors hit back at suggestions they were inflating a speculative bubble.

New figures compiled by research firm Cut Through Venture and venture capital investors Folklore Ventures for the State of Australian start-up funding The report shows that local funding rounds totaled $5.1 billion last year – $1 billion more than in 2024.

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