Largest Tech Companies in Australia and New Zealand — June 2026
Last updated on 22 June 2026·Asia-Pacific
There are over 40 unicorns in Australia and New Zealand
As of June 2026, there are now over 40 tech and tech-enabled companies valued at over $1B that originated from Australia and New Zealand.
Canva is the largest Australian tech company
Plenty of Australian $1B+ tech companies went public (over 20 as of June 2026)
Acquisition of Afterpay by Square has been the largest tech M&A in Australia to date
What are the largest tech companies in Australia and New Zealand?
This ranking includes tech companies in Australia and New Zealand valued above $1 billion. It includes private, public and acquired companies. Most valuations are last reported or recently rumoured.
On ZIRP-era (2020-2022) valuations: we exclude companies that latest reported valuation would be enough to hit the list, but it is expected that the company is now valued significantly lower.
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1
CanvaCanva is a Sydney-headquartered graphic design platform offering drag-and-drop tools for creating presentations, social media posts, posters, and invitations. Users access millions of templates, stock photos, icons, and fonts from its library. Launched in 2013, Canva serves teams at organizations like Coca-Cola and HubSpot through free and Pro subscriptions, with enterprise features for brand kits and collaboration.
$42.0B
$3.3B
12.7x
Private
2
AfterpayAfterpay is a buy now, pay later service enabling shoppers to split purchases into four interest-free installments over six weeks. Sydney-headquartered since its 2014 founding, the platform integrates with merchants in Australia, the United States, Canada, New Zealand, and Europe for immediate order fulfillment. Afterpay processes transactions via its app and website, emphasizing on-time payments to avoid late fees.
$29.0B
$836M
34.7x
Acquired
3
AtlassianAtlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.
$23.7B
$5.2B
4.6x
Public
4
REA GroupREA Group is a technology company operating in the real estate sector. REA Group’s primary business is an online listings platform for residential real estate, www.realestate.com.au, which is the largest residential real estate listings platform in Australia, at around 4 times the size of number two, www.domain.com.au. REA Group is majority-owned by News Corp. REA Group’s other businesses include adjacent markets and services, and investments in online listings platforms in India.
$14.7B
$1.4B
10.7x
Public
5
Pro MedicusPro Medicus is a healthcare IT company specializing in radiology imaging software. Its main product, Visage 7, is a clinical desktop application that radiologists use to view, enhance, and manipulate images from any device and make a diagnosis. Its main customers are US private academic hospitals. In fiscal 2025, Pro Medicus earned 90% of revenue in North America, 8% from Australia, and the remaining 2% in Europe.
$13.7B
$149M
90.7x
Public
6
IRENIREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy. Bitcoin mining operations generate revenue by earning Bitcoin through a combination of Block rewards and transaction fees from the operation of its Bitcoin miners and exchanging these Bitcoin for fiat currencies such as USD or CAD.
$12.0B
$501M
27.5x
Public
7
AirwallexAirwallex is a Melbourne-headquartered global payments platform processing cross-border transactions in 60+ currencies for businesses worldwide. The company offers multi-currency accounts, FX hedging, virtual cards, and embedded finance APIs integrated by platforms like Shopify and Stripe. Airwallex serves 100,000+ companies including Brex and McLaren, with $50 billion annual payment volume. Valued at $5.5 billion after 2022 funding, it operates in 20 offices across Asia, Europe, and North America.
$11.0B
$1.3B
8.5x
Private
8
XeroXero is a technology company originating from New Zealand, providing cloud-based accounting software, primarily for small and midsize enterprises, or SMEs, and accounting practices. As a first mover in the space for cloud-based accounting software, Xero has grown quickly to achieve dominant market share in New Zealand and Australia, displacing legacy providers. Xero has also expanded beyond its home region toward other English-speaking countries, primarily the United Kingdom and the United States.
$8.5B
$1.6B
5.3x
Public
9
WiseTech GlobalWiseTech is a founder-led, global leader in logistics software for international freight forwarding. WiseTech’s core product, CargoWise, is used by the majority of the top 25 global freight forwarders and has world-leading annual customer retention rates of over 99%. CargoWise’s main competition consists of inhouse software solutions and analogue processes, providing a large and highly winnable market opportunity for WiseTech’s current and future products.
$8.2B
$779M
13.2x
Public
10
carsales.comCar Group is a globally diversified group of online marketplaces for auto and nonauto vehicles. The group’s primary business is its Australian online marketplace for automotive, www.carsales.com.au., which is the dominant online automotive marketplace in Australia, at around nine times total time spent compared with its nearest competitor. Car Group also owns and operates businesses in various geographic, category and product adjacencies, including online marketplaces for automotive in South Korea and Latin America, nonautomotive online marketplaces in Australia and the United States, and data businesses.
$6.8B
$830M
9.3x
Public
11
TechnologyOneTechnology One is a technology company providing enterprise resource planning software, primarily to governments, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99%, and a consistently growing number of products used per customer.
$6.8B
$419M
15.9x
Public
12
Firmus TechnologiesFirmus Technologies is an Austin-headquartered provider of AI data center infrastructure known as AI Factories, optimizing GPU clusters for maximum token generation throughput and profitability. Featuring liquid cooling across racks, power management, and AI FactoryOS operating system, it supports H100 and H200 GPUs with 99.99 percent uptime. Firmus' SMC cloud platform leverages SHARP networking for hyperscalers training large language models at scale.
$5.5B
–
–
Private
13
Netwealth GroupNetwealth provides cloud-based investment administration software as a service in Australia via its proprietary platform. Netwealth’s platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform, which are managed by third-party investment managers.
$4.0B
$219M
18.5x
Public
14
SeekSeek is a technology company operating in the employment segment. Seek’s primary business is an online marketplace for employment, www.seek.com.au, which is the largest online marketplace for employment in Australia and New Zealand. Seek also owns and operates employment listings platforms in Southeast Asia and owns a stake in an investment business in employment listings platforms and other employment-related businesses.
$3.5B
$769M
5.6x
Public
15
MegaportMegaport is one of the world’s largest software-defined network service providers, enabling around 3,000 enterprise customers to connect to over 1000 data centers throughout the world. Megaport’s services mostly revolve around enabling enterprises to connect to cloud service providers, like Amazon Web Services, but it also offers services to enable businesses to connect across multiple data centers and to internet exchanges.
$3.1B
$159M
18.9x
Public
16
ZipZip is a credit provider operating two segments: Australia and New Zealand, and the US. Founded in Australia in 2013, it has over 6 million active customers and partners with over 85,000 merchants. In Australia, Zip positions itself as a credit card alternative, with several revolving credit products. Customers can carry the balance over time with a monthly fee and set their own repayment schedule. The US and New Zealand offering is a far more vanilla BNPL offering: Pay-in-4 in New Zealand and Pay-in-Z in the US, where customers pay back in fixed instalments. The US segment is built on the 2020 acquisition of QuadPay and has recently become Zip’s largest and fastest-growing segment.
$2.6B
$751M
5.7x
Public
17
Immutable SystemsImmutable Systems is a Sydney-based blockchain infrastructure provider for gaming. It delivers layer-2 scaling solutions on Ethereum for NFT-based video games like Gods Unchained. The platform processes millions of transactions daily, enabling true asset ownership in titles from GameStop and others. Immutable supports studios with SDKs and gods unchained marketplace.
$2.5B
–
–
Private
18
HalterHalter is a New Zealand-based agtech company producing solar-powered GPS collars for cattle and sheep. The virtual fencing system delivers audio cues and mild pulses to contain livestock within pastures while tracking health metrics and water usage via cloud dashboard. Deployed on over one million animals, Halter serves dairy and beef farmers in Australia and North America.
$2.0B
$89M
22.4x
Private
19
Go1Go1 is a learning management system that delivers on-demand training content to enterprises via integration with Microsoft Teams. Brisbane-headquartered and founded in 2015, it curates resources from partners including LinkedIn Learning and BBC. Organizations access over 10,000 courses in skills like leadership and compliance, enabling in-app learning within workflows. The platform supports compliance tracking and analytics for workforce development across industries.
$2.0B
–
–
Private
20
Domain GroupDomain Group is a Melbourne-headquartered operator of online property marketplaces in Australia, facilitating home sales, rentals, and commercial listings through Domain.com.au. The company offers tools for real estate agents, buyers, and sellers including market insights, valuation estimates, and virtual tours. Acquired by Nine Entertainment in 2018, Domain Group maintains a portfolio serving urban markets in Sydney, Brisbane, and Perth with data from over 1 million property transactions annually.
$1.9B
$291M
6.7x
Acquired
21
Cover GeniusCover Genius is a Sydney-headquartered insurtech platform embedding insurance into e-commerce checkouts worldwide. The company offers real-time claims payment, dynamic pricing, and warranty products for travel, events, and purchases. Cover Genius partners with platforms like Booking.com and Uber to protect millions of customers against disruptions.
$1.9B
–
–
Private
22
Trade MeTrade Me is a New Zealand online marketplace offering auctions and fixed-price sales for goods, vehicles, real estate, and jobs. Auckland-headquartered as Trade Me Group Limited, it operates classifieds for accommodation and dating. The platform attracts millions of monthly visitors and generates revenue from listing fees and advertising. Listed on NZX since 2006, it dominates e-commerce in the country.
$1.9B
$180M
10.5x
Acquired
23
SafetyCultureSafetyCulture is an Australian mobile-first operations platform for inspections, issues management, and training. Sydney-headquartered, it powers frontline teams in construction, manufacturing, and aviation with templates for JSA and audits. SafetyCulture supports 85,000 organizations worldwide including United Airlines and Hilton, integrating with PowerBI for corrective action tracking.
$1.8B
$84M
21.1x
Private
24
OptalOptal is a payment solutions provider issuing Mastercard-branded products for complex industries worldwide. London-headquartered Optal streamlines cross-border transactions, boosting profitability in sectors like retail and travel through efficient processing.
$1.7B
$178M
9.6x
Acquired
25
Culture AmpCulture Amp is a Sydney-headquartered employee experience platform that helps organizations measure and improve engagement, performance, and retention. Its software collects feedback through pulse surveys, onboarding tools, and performance reviews, serving over 4,000 companies globally including Airbnb and Slack. Founded in 2009, the company operates from offices in Melbourne, San Francisco, and remote teams worldwide, processing billions of data points annually.
$1.5B
–
–
Private
26
MYOBMYOB is an Australian accounting software provider serving small to medium businesses with cloud-based tools. Headquartered in Melbourne since 1991, it offers AccountRight for desktop-cloud hybrid, Essentials for startups, and Advanced for enterprises. MYOB handles payroll for 2.5 million employees, BAS lodgements, and inventory tracking. It integrates with Xero alternatives, Shopify, and banks across Australia and New Zealand.
$1.4B
$289M
4.9x
Acquired
27
DroneshieldDroneshield Ltd develops and sells hardware and software for drone detection and security. The principal activity of the company is the development, commercialization, and sales of hardware and software technology for drone detection and security. It has four products: Dismounted, which include RfPatrol Mk2, DroneGun Mk4, Immediate Response Kit (IRK), DroneGun Tactical; On-The-Move includes DroneSentry-X Mk2, Expeditionary Fixed Site (EFS) Kit; Fixed Site includes DroneSentry; and Software includes DroneSentry-C2, Tactical DroneSentry-C2, and DroneOptID. The company provides its solutions to the intelligence community, Government, law enforcement, critical infrastructure, and airports globally. Its geographical segments are the United States and Australia.
$1.4B
$154M
8.1x
Public
28
Link GroupLink Group is a global provider of technology platforms for fund administration and investor services, administering financial ownership data for more than 10,000 clients worldwide. The Newcastle-based company delivers data management, registry services, and engagement tools to asset owners, trustees, and superannuation funds primarily in Australia, New Zealand, and the UK. Link Group supports over 3 million investor accounts and processes billions in transactions monthly through its proprietary platforms like ViewMedia and SuperStream. Listed on the Australian Securities Exchange since 2017, it expanded into Europe via acquisitions such as IRESS's fund administration business in 2021.
$1.4B
$764M
1.8x
Acquired
29
Linktree
$1.3B
$49M
26.5x
Private
30
MessageMediaMessageMedia is a Melbourne-headquartered mobile messaging provider serving Australian enterprises with SMS gateways, API integrations, and campaign tools. Recognized in Deloitte Technology Fast 50 from 2005 to 2011, the company supports two-way dialogues, MMS delivery, and compliance with ACMA regulations for sectors including finance, retail, and government.
$1.3B
$151M
8.6x
Acquired
31
ImdexImdex Ltd is an Australia-based mining technology company. Its product offering includes an integrated range of drilling optimisation products, cloud-connected rock knowledge sensors, and data and analytical software. Its combined product offering is commodity-agnostic and can be applied across the mining value chain. The company's products and services portfolio comprises solids removal units, directional drilling solutions, drilling fluids, multi-sensor downhole data acquisition, analysis, and visualisation systems, and various software and other mining technology solutions. Geographically, the company generates maximum revenue from the Americas, followed by Asia-Pacific, and Middle East, Africa and Europe.
$1.3B
$302M
4.4x
Public
32
Aconex LimitedAconex Limited was a Melbourne-headquartered provider of cloud-based collaboration software for the construction, infrastructure, energy, and resources industries. The platform offered document management, workflow automation, and mobile access for project teams worldwide. Founded in 2000 with offices in 23 countries, Aconex was acquired by Oracle in 2018.
$1.2B
$124M
9.7x
Acquired
33
Employment HeroEmployment Hero is a Sydney-headquartered HR software platform serving over 300,000 businesses primarily in Australia and New Zealand. The cloud-based system integrates payroll processing compliant with Fair Work Act regulations, employee onboarding via mobile app, and benefits administration including superannuation management. It connects users to a marketplace of 10,000 perks from partners like Gympass and Bupa. Founded in 2014, the company expanded to the UK in 2022, automating shift rostering and performance reviews for retail and hospitality sectors.
$1.2B
$213M
5.6x
Private
34
Macquarie Technology GroupMacquarie Technology Group operates three business units. The telecom division is how the group first began in 1992, providing voice, mobile, and general connectivity and network security services to businesses utilizing its data network. The cloud services and government division leverages the group’s data center facilities to provide cybersecurity, colocation services, public and private cloud, and storage services to corporate and government customers. In 2018, the data centers division was separately launched, providing sovereign data centers for governments, major hyperscalers, and large multinationals.
$1.2B
$259M
4.6x
Public
35
Eucalyptus
$1.1B
$450M
2.6x
Acquired
36
BraiinBraiin Ltd is an Australian technology company leveraging proprietary intellectual property and patented artificial intelligence/machine learning (AI/ML) technologies to deliver actionable insights across the verticals: Agriculture, Property Technology, and Customer Experience as a Service (CXaaS). The company's platforms are designed to address inefficiencies and drive data-backed decision-making across traditionally analog sectors. It prominently focuses on the agriculture technology sector, where it has successfully deployed its AI-powered solutions across multiple implementations. It provides end-to-end solutions to improve farming productivity using IoTs, Wireless Connectivity, Robotics, Software and AI/ML.
$1.1B
$73M
15.4x
Public
37
DeputyDeputy is a Sydney-headquartered workforce management platform designed for hourly workers and businesses worldwide. The software handles scheduling, time tracking, communication, and compliance for industries like retail, hospitality, and healthcare. Adopted globally, Deputy streamlines shift management and improves employee engagement through mobile-first tools and integrations with payroll systems.
$1.1B
$100M
11.0x
Private
38
Nine EntertainmentNine Entertainment is the largest media conglomerate in Australia. It operates Nine Network, a free-to-air TV network across five capital cities, as well as in a number of regional areas. It owns 9Now, a leading broadcast video on demand, or BVOD, business. Its publishing unit is the second-largest newspaper group in Australia with key mastheads such as Australian Financial Review, Sydney Morning Herald, and The Age. Nine also operates a leading domestic-owned subscription video on demand, or SVOD, business in Australia called Stan, and a talk-based radio network. In January 2026, Nine announced a plan to buy outdoor advertising entity QMS Media for AUD 850 million.
$1.1B
$1.9B
0.6x
Public
39
SeequentSeequent is a Christchurch, New Zealand-headquartered provider of subsurface modeling software for geologists and engineers. Acquired by Bentley Systems, its Leapfrog suite visualizes geological data for mining, oil and gas, and environmental projects. Seequent's Oasis montaj handles geophysical analysis. The platform supports collaborative workflows across global teams. Solutions address groundwater, tunneling, and carbon storage challenges.
$1.1B
$109M
9.6x
Acquired
40
ElsightElsight Ltd development and commercialisation of the Halo platform for mission-critical applications across defence, homeland security (HLS), and uncrewed systems markets. Provides proprietary software and hardware technology solutions enabling reliable connection confidence for unmanned aerial and ground systems, including drones, robots, and other uncrewed systems. Products include Halo for the Military, Halo for HLS/Public Safety, Halo for Commercial Use, AllSight Management Platform, and HeatSight. Serves Agriculture, Construction and Surveying, Firefighting, First Responders, Mining, Military & Defense, Oil & Gas, Electric & Water Utilities, and Deliveries. Operates in Europe with maximum revenue, Israel, United States of America, and Other foreign countries.
$1.0B
$23M
42.7x
Public
41
Data#3Data3 Ltd is an information technology services and solutions provider company. Its technology solutions are broadly categorized into Cloud, Modern Workplace, Security, Data and Analytics, and Connectivity. The company's three operating segments are: Software Solutions, Infrastructure Solutions and Services. It derives revenue from Software Solutions, that provides software licensing, consumption sales along with consulting service.
$1.0B
$2.0B
0.5x
Public
42
Pet CirclePet Circle is a Melbourne-headquartered online pet retailer in Australia, offering subscription deliveries of dog and cat food, medications, toys, accessories, and treats from 1,000+ brands. Founded in 2011, it serves 500,000 active customers with autoship discounts up to 20%. The company donates supplies to over 100 rescue organizations like RSPCA and operates warehouses in Sydney and Brisbane for next-day delivery.
$1.0B
$269M
3.7x
Private
43
TSGTSG is a London-headquartered revenue management platform serving the global fitness, leisure, and membership-based industries with billing, customer engagement, and retention software. The company processes payments for over 5,000 clubs in 40 countries, integrating with Mindbody, ClubReady, and Zen Planner systems. TSG offers dynamic pricing tools, churn prediction analytics, and automated email campaigns for gyms, sports facilities, property managers, and home service providers. Operational for more than 20 years, the firm supports insurance premium collections and multi-site consolidations.
$1.0B
–
–
Acquired
Data and methodology
Underlying data
Public markets data is powered by FactSet (consensus analyst estimates), and Morningstar (historical data). Data points are calendarized to December where relevant: retrieved data on financial year ends (e.g. FY, FY+1 etc.) are mapped to calendar years (2025A, 2026E etc.) before the appropriate month weights are then applied to prior/future fundamentals.
Private transaction data is multi-sourced, aggregated from harvesting public information, 3rd party APIs, and data engineering. All data is verified and provided with an extensive manual process. If data permits, we apply our own logic to get to the EV. For example, for a large M&A deal with available information on the target's net debt, we might adjust a valuation to fully reflect an accurate EV. In all other cases, we take the reported valuation as the numerator. Financials: we source LTM revenue and LTM EBITDA data from company filings, press releases, or other verified sources. If LTM data is unavailable, we take the 'next best-fit' period (run-rate or calendar year), provided it makes sense in a given case. For example, if a deal closed in November 2025, we might take full-year 2025 revenue as a revenue benchmark.
Any raw figures are harmonised to USD for comparison purposes.
This page is built on data available at Multiples. Sign up for a free trial to see the full dataset.
