Richard Webb

Big news for Human Health! They’ve just scored $3M in government funding alongside Diag-Nose.io to develop RhinoMAP, an AI-powered platform that uses biomarkers + patient-reported data to better monitor chronic respiratory disease, which affects 1 in 5 Aussies. Proud to back a team building real solutions for patients who too often don’t get the treatment results they need Kate Lambridis Georgia V. 💜 Read more about it in the comments!

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I’m proud to share that Isaacus has just completed its pre-seed round, raising $700k from Australian tech VCs Aura Ventures and Galileo Ventures 🎉. This is the first VC-backed investment in foundational legal AI research globally, and one of the first investments in Australian-made sovereign AI. As we leverage our investment to execute one of the most disruptive legal AI missions of the decade, we're sharing a primer on who we are, what our vision is for the future of legal AI, and how we plan on powering the next generation of legal tech companies. In a nutshell, we believe legal tech companies will be the law firms of the future. In fact, we’re already seeing legal tech companies like Josef and AccuFind Law directly competing with law firms by selling their own lawyer-grade, AI-enabled legal services to consumers and enterprises alike. We think that this new market of, what we call, legal tech firms deserves to be recognized as an industry of its own, one that is worth having solutions tailored to its unique pain points. Our mission is to solve each and every one of those pain points, whether by delivering superior legal research capabilities that cut far above and beyond those of general-domain retrieval models or by providing direct access to enormous amounts of high-quality legal data from the Blackstone Corpus, our proprietary, living, multijurisdictional repository of legal knowledge. We’re calling on like-minded, forward-thinking legal tech companies, AI-first law firms, and legal AI engineers interested in being a part of our mission to power the data and AI stack of the legal tech industry, whether as an early design partner or as a founding team member, to reach out. If you’d like to learn more about Isaacus, our vision and our plans for the future, you can read our full vision statement on our website: https://lnkd.in/gKsdqCni

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Singapore and APAC funds are waking up to something we've known for years: Australia is an absolute goldmine. Sachin Bhanot from Prosus Ventures joined us on First Cheque with Cheryl Mack & Maxine Minter to share why his team made an aggressive push into the Australian market in 2022, and why their portfolio is now 40%+ ANZ. His "holy smokes" moment came when he looked under the hood: "This is a market that significantly punches above its weight. You've had Canva, Atlassian, it's a highly efficient market. You've got incredibly deep talent pools and founders who think for themselves and are not afraid of solving large hairy audacious problems." What really caught his attention? Australian founders don't just build horizontal solutions to win on distribution. They tackle tough, underserved segments—electric utilities, financial services, critical infrastructure, commercial real estate. "These are segments that make up something like 50% of global GDP. They are highly underserved today. But these are segments that are hard to build, hard to sell, but once you do, the path to market leadership and global domination becomes very exciting." The competitive advantage is brutal efficiency: "If you are a half decent AI founder in the US today, you're going to raise a ton of capital and focus on the US market. If you are that founder in Australia, you're going to raise significantly lower capital, do much more with that capital, and be global first from day one." There's something powerful about having to do more with less, and benchmarking yourself against global competitors from day one. Listen to the full episode via the comments. 〰️〰️〰️ First Cheque is dedicated to open-sourcing conversations with experienced investors globally. Our aim? To enhance the craft of early-stage investors, from those writing their first cheques to the veterans in the game. DayOne.fm - We’re for founders and startup operators Co Ventures Aussie Angels Cheryl Mack #FirstChequePodcast #VentureCapital #Singapore

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