The chief executive of Melbourne-based artificial intelligence software firm Affinda says his company is among the disruptors upending the sector, as big-name investors led by Toll Group founder Paul Little increased its valuation by $100 million in a fresh funding round.
The company has tapped its pool of well-known existing backers, led by Little and including Ellerston Capital co-founder Ashok Jacob and former MYOB and REA Group chief executive Greg Ellis, to raise a $25 million funding round via ordinary shares that values it at $220 million. It last raised at a $120 million valuation in mid-2024.
Loading…