Airwallex Allocates $1 Million to Support 10 Australian AI Startups
Airwallex has invested $1 million in its Latitude 37 program, providing $100,000 each to ten AI startups. This initiative aims to foster innovation and support Australian founders in building globally competitive companies.
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Airwallex's Latitude 37 program has awarded $1 million to ten Australian AI startups, offering $100,000 in equity-free funding to each. The program includes ongoing support, on-site visits to Singapore and San Francisco, and access to a vast network of customers and investors.
Startups span various sectors including robotics, financial services, and on-road hazard detection. Prominent participants include Superstat, which recently secured $3.5 million in funding, and SeatFinder. This initiative reflects Airwallex's commitment to enhancing the global competitiveness of Australian startups, potentially reshaping the local startup ecosystem.
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