RecordPoint sets up Melbourne AI and engineering hub

A global, cloud-based records management company will set up its Asia Pacific (APAC) headquarters in Victoria, providing more jobs in the artificial intelligence (AI) and technology sector.

RecordPoint — a partner of Microsoft — will establish a facility in Melbourne which will also serve as the company’s AI and engineering hub.

This will lead to 100 new jobs in data science, software engineering, data analytics and machine learning, according to the Victorian Government.

Victorian Minister for Economic Development Tim Pallas said the move is a “testament to [Melbourne’s] position as Australia’s top tech city, with leading capabilities in advanced technologies such as artificial intelligence”.

The investment will reportedly allow RecordPoint to improve its product offering in records management and boost its export reach in the APAC region.

RecordPoint CEO Elon Aizenstros said: “As an Australian-founded company, being able to invest in Australia and tap into the diverse talent of Victoria’s growing tech sector will provide the resources needed to fuel our next wave of growth.”

RecordPoint services enable organisations to safely access and manage records from multiple services and platforms.

Its clients include public sector agencies, such as the Victorian Department of Education and Training and the Australian Securities and Investments Commission, as well as regulated commercial industries including energy resources and financial services in the United States and the United Kingdom.

RecordPoint’s arrival in Melbourne follows in the footsteps of other IT companies, such as Square, Slack and Zendesk.

Melbourne’s technology sector employs 85,000 people in around 8000 companies and generates approximately $35 billion annually.

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