AI Start-Ups in Australia: Blackbird Highlights Heidi Health's Rapid Growth
Australian Financial Review
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Details
- Date Published
- 11 May 2025
- Priority Score
- 2
- Australian
- Yes
- Created
- 12 May 2025, 06:41 pm
Description
Blackbird Ventures says medical AI start-up Heidi Health is on track to make $23 million in revenue this year.
Summary
Heidi Health, an Australian AI company specializing in healthcare solutions, has emerged as Blackbird Ventures' fastest-growing venture, surpassing even the renowned Canva. Achieving $23 million in revenue within just one year, this growth underscores the potential for AI to revolutionize the healthcare industry. While the article primarily focuses on business growth and venture capital dynamics, it indirectly highlights the increasing integration of AI into critical sectors like healthcare, which could have profound implications on operational efficiencies and the safety protocols within these industries. Although the piece does not directly address catastrophic AI risks or safety governance, it provides an important case study for the capabilities of AI start-ups in transformative fields.
Body
TechnologyStart-upsPrint articleAmelia McGuireBusiness reporterMay 12, 2025 – 1.48pmSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginAustralia’s biggest venture capital firm says little-known artificial intelligence company Heidi Health has overtaken Canva and Leonardo AI as the fastest-growing company ever in its portfolio.Blackbird Ventures, which claims to have $7 billion in assets under management, said the six-year-old start-up is making $US15 million ($23 million) in annual recurring revenue after just a year of selling its main AI product. This puts it ahead of Canva in its early days and AI image generation start-up Leonardo.ai, whichCanva went on to acquire.Loading...Amelia McGuirecovers technology from the AFR's Sydney newsroom. She was previously the aviation, tourism and gambling reporter for The Sydney Morning Herald and The Age.Connect withAmeliaonTwitter.EmailAmeliaata.mcguire@afr.com.auSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreStart-upsFundingVenture capitalCanvaAIHESTAUKUSAHealthcareHyundai Capital ServicesAFR LiveFetching latest articlesBishop stares down critics: ‘I turn down many more roles than I take on’Myriam RobinThis restaurant has New York buzz. You’ll never guess where it isThe watch brands courting women with dazzling designsHow the Ford family plans to avoid a Murdoch succession battlePatrick DurkinWhy this top Nike exec starts her day with a protein coffeeAs election losers, what will Dutton and Bandt do next?Hisense’s C2 Ultra projector is great – as long as you’re not allergicJohn DavidsonThree unsung restaurants you need to know aboutNeed a skillcation? This ceramics workshop will spark creativityGurner to go global with plans for wellness clubs in the US, DubaiSarah Petty‘Grave social evil’: Howard urges government to crack down on pokiesHow a Sydney billionaire became the pokies king of Alice Springs