Top 7 Largest AI Companies in Australia

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Artificial Intelligence (AI) is rapidly transforming various industries across the globe, and Australia is no exception. Here are some of the largest AI ... read more...

  1. Top 1

    WiseTech Global

    WiseTech Global (ASX:WTC), headquartered in Sydney, offers cloud-based software solutions to logistics companies in 130 countries worldwide. Its CargoWise systems are built with workflows, automation, and robotics in mind.

    WiseTech Global's CargoWise platform also utilizes AI-based algorithms for predictive analytics to help customers make more informed decisions. The platform can provide insights into factors such as estimated transit times, optimal routes, and even weather patterns to help optimize supply chain management.

    In recent years, WiseTech's expansion plan has included several acquisitions. Shipamax, a provider of data entry automation software for the logistics business, was acquired by the company in November 2022. The Shipamax platform employs AI and machine learning to extract data and automate complete operational workflows.

    Founded: 1994

    Headquarter: Alexandria, Sydney, New South Wales

    WiseTech Global

  2. Top 2


    TechnologyOne (ASX:TNE), the biggest business resource planning software-as-a-service (SaaS) provider in Australia, has more than 1,200 clients, including people in the UK and New Zealand. Government, educational, healthcare, and financial services organizations use the company's tools to assist with online process migration, such as digitizing paper-based systems.

    TechnologyOne's research and development center is the biggest of its kind and concentrates on cutting-edge and novel technologies like cloud computing, artificial intelligence, and machine learning. Additionally, the business has locations in Vietnam and Indonesia.

    TechnologyOne's focus on cutting-edge and innovative technologies has positioned the company as a leader in the digital transformation space. The use of cloud computing, artificial intelligence, and machine learning has allowed TechnologyOne to develop solutions that are scalable, efficient, and effective, helping their clients to streamline their processes and improve their overall performance.

    In addition to its research and development center, TechnologyOne has established a strong presence in Southeast Asia, with locations in Vietnam and Indonesia. This expansion has allowed the company to tap into new markets and reach more customers with its innovative solutions. With a continued focus on innovation and technology, TechnologyOne is well-positioned to remain a leader in the business resource planning software-as-a-service industry both in Australia and abroad.

    Founded: 1987
    Headquarter: Fortitude Valley, Brisbane, Queensland
  3. Top 3


    While Hub24 is primarily a financial services company that provides investment and superannuation platform services, they do utilize AI and machine learning algorithms to improve their services and provide better outcomes for their clients.

    One example of how they use AI is through their investment platform, which uses AI-powered algorithms to analyze data and provide personalized investment recommendations for their clients. These algorithms can analyze vast amounts of data and identify patterns that human analysts might miss, allowing them to make more accurate predictions about market trends and investment opportunities.

    Hub24 also uses AI to improve their platform's user experience by providing personalized content and recommendations. The platform's machine learning algorithms analyze customer behavior and preferences to deliver targeted content, alerts, and insights.

    Furthermore, Hub24 uses AI to optimize their platform's functionality, such as their real-time trading engine. The platform's algorithms analyze market data and customer orders to execute trades quickly and efficiently, providing customers with the best possible returns.

    Founded: 2007
    Headquarter: Sydney, NSW
  4. Top 4

    BrainChip Holdings

    BrainChip Holdings (ASX:BRN) is engaged in neuromorphic computing, which is a type of artificial intelligence that simulates the functionality of the human neuron. Brainchip, as a global technology firm, is working to revolutionize edge AI applications, which combine edge computing and AI. The BrainChip University AI Accelerator Program, which will provide hardware, training, and guidance to students at higher education institutions with existing AI engineering programs, was recently announced by the business.

    The commercialization of the Akida Neuromorphic Processor, which is essentially a spiking neural network, is the main emphasis of Brainchip Holdings. The Akida provides artificial intelligence reasoning and conclusions from data collected by sensors and is integrated into computer chips.

    It offers quick artificial intelligence computing options at extremely low power consumption without requiring a constant internet connection. Applications for the Akida include vision and audio in the automotive, robotics, aircraft, and cybersecurity sectors, among others.

    In 2021, Brainchip delivered its first batch of production chips, and it is now aiming to produce in large quantities. Although the business is not yet profitable, it had more than $28 million in cash and currency equivalents at the beginning of 2022. The US Patent and Trademark Office granted Brainchip a US patent for 'An Improved Spiking Neural Network' in late 2022. The patent safeguards the learning function of Brainchip's digital neuron circuit and is regarded as a valuable intellectual property asset.

    Founded: 2004

    Headquarter: Sydney, New South Wales

  5. Top 5


    Appen provides a wide variety of data modalities and is a market leader in the provision of data for the AI lifecycle. The business keeps developing its skills while adhering to its strategic pillars of growth, automation, expansion, and evolution. 2022 was a difficult year for Appen due to weaker demand for digital ads and a slowdown in spending by some of its largest clients. The decline in international customers was anticipated to prevent 2022 revenue from reaching previous year levels.

    One of the primary uses of AI at Appen is in the development of its machine learning models for various tasks, such as speech recognition, natural language processing (NLP), and computer vision. These models are trained using large amounts of labeled data that are collected, annotated, and validated by human annotators using Appen's proprietary platform. Appen also uses AI to help automate some of the data annotation tasks, which can reduce the time and cost required to produce high-quality training data.

    's AI-powered language technology enables businesses to improve their multilingual customer support, speech recognition, chatbot capabilities, and more. The language technology solutions are powered by Appen's vast collection of annotated data, which includes speech, text, and image data in over 180 languages.

    Founded: 1996

    Headquarter: Chatswood


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  6. Top 6


    Bigtincan is a software company that provides sales enablement solutions to businesses. Their platform is designed to help companies improve their sales processes and increase revenue by giving sales teams the tools they need to be more effective. Bigtincan's platform includes features such as content management, sales training, coaching, and analytics.

    Bigtincan applies AI in various ways to enhance the sales enablement experience for its users. The platform uses machine learning algorithms to analyze sales content and provide personalized recommendations to sales reps on which content to use in specific situations. This helps sales reps to be more effective in their sales interactions with potential customers. Bigtincan also uses AI to automate certain tasks, such as lead scoring and lead nurturing, which helps businesses to increase their sales efficiency. The platform's AI-powered analytics tools provide deep insights into sales performance, allowing businesses to identify areas where sales teams excel and where improvements are needed.

    In order to help people make the best choices, it aims to offer branded purchasing experiences that are engaging and personalized. Bigtincan software is used by clients like Nike Inc (NYSE: NKE) and Guess?, Inc (NYSE: GES) to prepare, engage, evaluate, and enhance the purchasing experience for customer-facing teams. The business continued its strong organic development trajectory in 2022, with annual recurring revenue (ARR) reaching $130 million in December. Wins with new clients and customer growth were the driving forces behind this. In FY23, Bigtincan anticipates reaching cash flow breakeven.

    Founded: 2011

    Headquarter: New South Wales

  7. Top 7


    Fineos (ASX:FCL), a Dublin-based global software development company, offers enterprise software for insurance and government social insurance. The business serves seven of the top ten employee benefits insurers in the United States and has a 70% market share in group insurance in Australia. Its infrastructure includes digital and analytical tools such as artificial intelligence (AI) and machine learning.

    For the successful transfer of the majority of New York Life Group Benefit Solutions' US$4 billion book of insurance policies, including 9 million customers, from the insurance giant's legacy systems to the SaaS FINEOS AdminSuite group and voluntary insurance core system, Fineos won the Digital Technology Project of the Year award from Technology Ireland in December 2022.

    Founded: 1993
    Headquarter: Sydney

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