Macquarie-backed AI Biz Hits Up Investors for $200m, Eyes $1b-plus IPO
The Australian Financial Review
ENRICHED
Details
- Date Published
- 27 Apr 2026
- Priority Score
- 1
- Australian
- Yes
- Created
- 27 Apr 2026, 12:00 am
Description
Future Secure also counts former Macquarie chief Nicholas Moore and AirTrunk founder Robin Khuda as investors, and has brought in bankers for a bumper raise.
Summary
Future Secure, an Australian AI startup founded by former Macquarie and McKinsey executives, is seeking $200 million in funding to scale its 'automated co-worker' technology. This development highlights the rapid commercialization and deployment of autonomous AI agents designed to replace human labor in financial and administrative tasks. While the article focuses on capital raising and IPO potential, the proliferation of autonomous enterprise AI underscores emerging governance challenges regarding systemic economic stability and the security of automated financial systems. The significant backing from high-profile Australian investors signals a local acceleration in frontier AI capability investment.
Body
TechnologyStreet TalkPrint articleSarah Thompson, Kanika Sood and Emma RapaportApr 27, 2026 – 9.54amFirmus Technologies grabbed the headlines last week with its much talked-about roadshow. But there’s another heavily backed artificial intelligence business that’s raising money too, this one in total stealth mode.Founded and run by former Macquarie Capital investment banker Michael Hunter and ex-McKinsey & Co bigwig Mehrdad Baghai, Future Secure sells automated co-workers – each with their own name and face – which it says will cut costs by carrying out tasks like bank reconciliations.Loading...Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.comKanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.auEmma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.comSaveLog in or Subscribe to 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 MoreStreet TalkMergers & acquisitionsAIMacquarie GroupIPOCapital raisingRobin KhudaManaged fundsJPMorgan ChaseSee all Street Talk