🇦🇺 This Week in Australian Startups #173, 9th August 2026

$2.87b raised across 9 rounds, Atlassian shares up 35%, NRF exceeds it's $1.5b target having invested $1.7b in 25-26, Canva cuts revenue guidance from 30% to 20%

Four things caught my eye this week; Atlassian’s rebound quarter, Canva’s downgrade, the News Bargaining Incentive, and Firmus finally completing its raise.

Atlassian and Canva gave us opposite versions of the SaaSpocalypse. Atlassian booked its first quarterly operating profit in more than two years, with revenue up 28% to US$1.8b and cloud up 31%, and …