Melbourne Secures Investment From Global AI Leader

The Andrews Labor Government is continuing to support the growth of the state’s tech sector by attracting the investment of a global leader in artificial intelligence.

Dataminr, listed 5th on Forbes’ 50 Most Promising AI Companies List, will establish its APAC HQ and Operations Centre in Melbourne, creating over 50 new jobs and boosting Victoria’s AI capabilities.

Based in New York, the company uses publicly available data to identify high-impact and emerging risks, such as emergency events and natural disasters.

They partner with a number of US government agencies that manage emergency services, airlines, major media outlets, as well as the United Nations.

Drawing on Victoria’s world-renowned tertiary sector, Dataminr is already collaborating with local universities.

Victorian universities produce about 37 per cent of Australia’s tech graduates – more than any other state.

Dataminr is the latest company to invest in Victoria’s thriving tech sector, which employs more than 137,900 people across more than 19,300 businesses, generating $36.6 billion in annual revenue.

Melbourne is Australia’s leading tech city and most innovative city, as reported this year in Savills Research Tech Cities in Motion global report and 2thinknow’s Innovation Cities Index, respectively.

Quotes attributable to Minister for Economic Development Tim Pallas 

“Melbourne is Australia’s leading tech city – again and again, global leaders are choosing to base themselves here.”

“Through Invest Victoria, we’re providing valuable support and facilitation to the big players to make their choice to invest in Victoria even easier.”

Quotes attributable to Dataminr Managing Director (Australia & NZ) Rod Moynihan

“We are proud to be working with Invest Victoria to support our market entry – it was a purposeful and well-planned move.”

“For us, Melbourne is a natural home for our business with the growth of the state’s tech sector a key focus and a strong pool of talent to choose from.”