RecordPoint to set up AI, engineering hub in Melbourne

With support from the Victorian government, a global cloud-based records management company will base its Asia-Pacific headquarters in the state, providing more jobs within artificial intelligence (AI) technology sector.

RecordPoint – which partners with Microsoft – will establish the facility in Melbourne, which is also to 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.

“RecordPoint’s investment in Victoria is testament to our position as Australia’s top tech city, with leading capabilities in advanced technologies such as artificial intelligence,” said state economic development minister Tim Pallas.

The investment will reportedly enable RecordPoint to improve its product offering in records management, boost its export reach to the Asia-Pacific region and build on Victoria’s capabilities in fast evolving transformative technologies.

“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 CEO Elon Aizenstros said.

RecordPoint enables organisations to manage records from multiple services and platforms, ensuring information is always safe and under control.

The company’s clients include public sector agencies, such as the Victorian Department of Education and Training and the Australian Securities and Investments Commission, and regulated commercial industries including energy resources and financial services in the United States and the UK.

The arrival of RecordPoint to Melbourne is one of the largest AI investments facilitated by the Labor Government and follows in the footsteps of other IT heavy-hitters, such as Square, Slack and Zendesk.

The tech sector in Melbourne employs 85,000 people in around 8,000 companies and generates approximately $35 billion annually.