5 things you need to know in Australian tech today

Trendy people walking their Ofo bikes. (Source: Ofo)

Here’s the top tech news for Tuesday:

1. Can we now call it a national tragedy? ABC TV’s Four Corners program pored over the history of the NBN to figure out how we’ve arrived at the current situation where no one really seems to be happy. The first CEO of the NBN, Mike Quigley, who retired just as the Abbott Coalition government came to power in 2013, mourned for the loss of a once-in-a-lifetime chance to build “a first-class network that would set Australia up for the future”. Read more on how the current CEO admitted more money will be needed in the future to upgrade.

2. If there weren’t enough shared bikes in Sydney, the world’s biggest provider is coming to town this week. Chinese startup Ofo will unleash a total of 600 of its yellow bicycles in three Sydney council areas this week, adding to the mass of yellow oBikes and red GoReddy push bikes already clogging up public areas. Read more.

3. Australian startup Brosa just raised $5 million in a round led by $3 million from Bailador. The furniture design and purchase platform has seen orders grow more than tenfold since AirTree put in $2 million for its series A in 2015. This time two other VCs joined the series B round, which Brosa will use to hire more senior staff and open more physical-world shopfronts. Read more here.

4. The owner of Terry White Chemist just ploughed $9.5 million into a medication management app. MedAdvisor, which gave up 14% of its equity, will use the money to explore the USA, UK and New Zealand markets. Read more here.

5. Retailers might be facing some pain at the start of the Christmas shopping season. iTnews reports the Australia Post portal has been down intermittently since Sunday evening, stopping business clients from labelling, shipping and tracking items.

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