By Paul Smith
Publication Date: 2026-02-16 01:53:00
The chief executive of Melbourne-based artificial intelligence software company Affonda says his company is among the disruptors turning the sector on its head, as big-name investors led by Toll Group founder Paul Little boosted its value by $100 million in a new round of funding.
The company has drawn on its pool of well-known existing backers, led by Little and including Ashok Jacob, co-founder of Ellerston Capital, and Greg Ellis, former chief executive of MYOB and REA Group, to raise a $25 million round of funding through common shares, valuing it at $220 million. It most recently reached a valuation of $120 million in mid-2024.
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