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Top Tech Hubs of Australia – Startups To Keep An Eye On

 

All over the world we are seeing a surge of technological advances. For a while the Silicon Valley was the place that sprang to mind as the tech hub of the world, but fast forward a few years and all of a sudden there are many cities vying for the crown.  2016 was a major turning point for Australia in the fintech sector as investment hit a record AUS$656 million. This actually tripled investments of 2015, as stated by ZDNet. This was in stark contrast to a global trend, where by, fintech investment dropped by a staggering 47%. A combination of acquisitions, mergers and venture capital investments were amongst the key determinants for growth.

2017, as predicted has been a great year for the Australian Tech scene. We have witnessed many new startups, developing at high speeds, many of the already established companies have recorded growth, and not to mention the big tech giants, who still continue to push boundaries.

Sydney is among the top tech hubs of Australia, and its core strengths are in Software, Financial Services, and Media. On the other hand, Melbourne is known for Biotech and Bio-medical research.

The best Sydney startups to keep an eye on in 2018

Here are some of Sydney’s tech companies that we should all look out for this year.

Josephmark

Josephmark is a digital product studio with locations in Los Angeles, Brisbane, Sydney, and Stockholm. This company has its very own digital ventures such as Hash, Vest, and Undertone and is also creates digital products for prestigious clients such as CBA, MySpace, and Red Bull. In 2017, Josephmark has a mission to help individuals, startups, brands and corporations recognize opportunities for growth, diversification and prosperity and identifies ways to help them reach their full potential through technology. The company is set to continue designing, developing and launching digital products. Its focus will also be on the impact of machine learning, VR and AI on various industries and daily applications.

 

Health Engine

During the past twelve months, HealthEngine has seen a rapid development and growth, and it managed to double their 70 strong work force to 140 staff, across their offices, located in Sydney, Perth, and Melbourne.  To continue their growth, they have selected ex-Citibank IT director Mark Hammond as the new Head of Technology, Engineering, and Data Security and  Mark Disk has been appointed Head of Sales, previously Sales Director for Linked in Australia. The company’s focus will now be to expand their business and coverage across Australia, therefore increasing their customer base.

TRIBE

TRIBE is a rapidly- expanding self service marketplace that connects brands with micro-influencers globally. They were able to solidify their position in Australia by raising a $5.35M investment which they utilised to fund their international expansion plans, which included the UK after thorough analysis. The company also used the funding to invest on their home turf, opening an office in Sydney and growing their team from 6 to30!

Other amazing tech hubs of Australia that have been going strong are Local Measure, who help businesses understand and manage the social conversations and influencers at their event venues, stores and locations. Canva, originally an app, allowed users to create graphic design, edit photos for both professional and personal use and for web publishing or print. After recording huge losses recently, the company says it has equated a US$1bn valuation ($1.28bn Nuix is a company that aims to become the leading tech for solving complex real-world data challenges such as cybersecurity, intelligence, insider threats, regulation, litigation, privacy and more. Content Security is another company worth mentioning, and it manages your information Security investment to make sure that your security solutions work correctly.

These are just a few of the growing tech startups in Sydney, Australia, that make the city a real competitor for Silicon Valley. These companies are worth watching because, if their previous results are anything to go by, they’ll definitely deliver great accomplishments this year.

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