Latest updates for ANZ sales professionals
Divvy Homes sold for $1 billion. Founders and employees got nothing. The culprit: $735M in venture debt that sat above all equity in the waterfall. Here is what this means if your lender is pitching 'non-dilutive capital.'
Jason Lemkin's team had 3 reps, two refusing to log into Salesforce even when paid $200/month to do so. Then they deployed AI agents for SDR work, call transcription, and inbound qualification. Now Salesforce is their AI hub, routing data between Momentum, Artisan, Monaco, Qualified, and Agentforce. One rep quit when auto-logging launched.
Afterpay parent Block is cutting 40% of its workforce, around 4,000 roles, citing AI productivity gains. CEO Jack Dorsey says most companies will follow. Shares surged 23% despite strong revenue growth. The move signals what could hit sales orgs across tech.
Australian telehealth startup Eucalyptus sold to US-based Hims & Hers for up to $1.15 billion, with CEO Tim Doyle moving to SVP International. Meanwhile, WiseTech Global slashed 2000 coding roles, replacing them with AI. Worth noting: both moves signal major shifts in ANZ tech hiring.
Daniel Dines returned to UiPath CEO role just four months after stepping down, while Workday's Aneel Bhusri came back as AI agents threaten SaaS per-seat models. Both founder comebacks signal existential pivots: when AI disrupts your category, professional operators are not enough.
UpGuard closed a $105 million Series C led by New York PE firm Springcoast Partners. The 14-year-old Hobart startup is scaling go-to-market and eyeing acquisitions. Worth noting: cyber risk management platforms typically hire enterprise AEs in waves post-Series C.
Sydney logistics startup Sendle entered liquidation six weeks after abrupt shutdown. The company raised over $100 million, expanded to US in 2019, then collapsed when August 2025 merger partner ACI Logistix failed to pay. No public data on sales team size or revenue exists. SMB customers now hunting alternatives like Shippit.
AI-native B2B startups are achieving $700k ARR per employee versus $610k for mature SaaS companies, driven by fundamentally different sales models. Traditional B2B vendors are loading up on CSMs while AI-natives deploy Forward Deployed Engineers. The gap is not just revenue efficiency: it is how these companies structure, scale, and compensate their go-to-market teams.
Luke Anear is back as CEO of SafetyCulture after Kelly Vohs leaves following 14 months in charge. The shift comes as the $2.5 billion Sydney unicorn pivots to AI, with Anear citing the need for consistent leadership at HQ. Worth noting: SafetyCulture took a $200 million valuation cut in its last raise.
SaaStr replaced nearly its entire sales org with AI agents and claims $4.8M in pipeline. One AE plus a fractional Chief AI Officer now orchestrate outbound SDRs, inbound chat, and deal routing across Artisan, Salesforce AgentForce, and custom-built tools. The hard part is not the agents: it is wiring them together.
Stripe's 2026 annual letter reveals new startups are scaling dramatically faster, with companies hitting $10M ARR in 3 months doubling year over year. For sales teams, the competitive clock just reset: the startup founded 6 months ago might already match your ARR.
Hobart cybersecurity scaleup UpGuard closed a $105 million Series C led by Springcoast Partners. The funding will drive sales hiring across their Mountain View and ANZ offices as they expand their AI-powered cyber risk platform. Worth watching: comp data for enterprise AE and SDR roles as they scale go-to-market teams.