About AI as a Service sector in Sydney, Australia
The AI as a Service sector in Sydney, Australia comprises 36 companies, including 15 funded companies having collectively raised $134M in venture capital money and private equity. Out of these, 7 are Series A+ funded.
AI as a Service sector in Sydney, Australia has seen 2 acquisitions. This represents almost 5.6% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies that provide access to AI capabilities via cloud platforms, APIs, or subscription-based models, allowing businesses to integrate AI functionality without building or maintaining the underlying infrastructure.
This includes cloud-based AI platforms offering pre-built models, APIs for text, speech, image, or data analysis, machine learning training and deployment services, and AI tools for analytics, recommendation engines, or process automation. Also covers managed AI services that provide model customization, monitoring, and support. Excluded are AI solutions that require on-premise installation without cloud or API access, standalone software that does not provide AI functionality as a service, and consulting or implementation services that do not offer ongoing AI capabilities via a platform or API.
Key Metrics
Total Companies
Top Companies
Total Funding
Funded Companies
Series A+ Companies
Series C+ Companies
Acquisitions
Top AI as a Service Companies in Sydney, Australia
There are 36 AI as a Service startups in Sydney, Australia which include Relevance AI, Archi Star, Brainfish, Curious Thing, Unleash live. Out of these, 15 startups are funded, with 7 having secured Series A+ funding.
Over the past 10 years, an average of 3 new companies have been launched annually. Notably, several of these startups have been founded by alumni of The University of New South Wales, The University of Sydney and Anna University.
Here is the list of top AI as a Service startups in Sydney, Australia
1. Relevance AI
AI-powered image data analytics platform. It leverages ML and enables users to extract business insights from unstructured data such as text and image files. The AI understands the meaning of text, audio, and images and analyses the sentiments and emotions from the file. Features include semantic search, AI tagging, image search, reports, and more.
Key facts about Relevance AI
- Founded Year: 2020
- Location: Sydney (Australia)
- Stage: Series B
- Total Funding till date: $37M
- Investors: Insight Partners, King River and 5 Others
- Latest Funding Round: Series B, May 06, 2025, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 2 of 248 Competitors
2. Archi Star
Provider of AI-powered platform streamlining building permit assessment and compliance. The platform automates compliance checks against planning rules, delivering visual reports. It improves submission quality, reduces workloads, and accelerates approvals. The platform integrates into permit workflow solutions, improving customer satisfaction.
Key facts about Archi Star
- Founded Year: 2010
- Location: Sydney (Australia)
- Stage: Series B
- Total Funding till date: $22.7M
- Investors: AirTree, Skip Capital and 7 Others
- Latest Funding Round: Series B, Jul 08, 2024, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 4 of 859 Competitors
3. Brainfish
AI powered customer support agents. The agents use computer vision to observe user product navigation, offering assistance as needed. It provides real-time guidance and support, automating level one and two support tasks. The agents also automatically create and update help documentation based on actual user interactions, streamlining self-service rates. Its multimodal answer engine understands user intent, and generates answers without keyword searches. The agents integrate with existing tools and workflows to manage support scenarios. Its behavioral reporting feature provides insights into user experience, identifies areas for improvement in documentation, processes, and the product.
Key facts about Brainfish
- Founded Year: 2022
- Location: Sydney (Australia)
- Stage: Seed
- Total Funding till date: $10M
- Investors: Prosus, Peak XV Partners and 4 Others
- Latest Funding Round: Seed, Jul 10, 2025, $*****
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 48 of 2,665 Competitors
AI-based conversational candidate assessment solution for volume hiring. Its offering is curiosity which has use cases in talent-hiring and student interview preparations, and an API for HR tech. The offerings make use of an AI-based conversational system that assesses the candidates through oral interviews. The system uses NLP (natural language processing), to provide results through knowledge-graph-based analytics.
Key facts about Curious Thing
- Founded Year: 2018
- Location: Sydney (Australia)
- Stage: Seed
- Total Funding till date: $8.36M
- Investors: Qualgro, Reinventure Group and 5 Others
- Latest Funding Round: Seed, May 15, 2022, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 15 of 261 Competitors
5. Unleash live
AI based platform offering image and video analytics solutions. It offers video analytics software for analyzing video from sources like CCTV, drones, and smartphones. The software use cases include solar PV and power line fault detection, and traffic and public transport analytics.
Key facts about Unleash live
- Founded Year: 2016
- Location: Sydney (Australia)
- Stage: Series A
- Total Funding till date: $12.8M
- Investors: SafetyCulture, Revel Partners and 4 Others
- Latest Funding Round: Series A, Sep 06, 2021, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 20 of 977 Competitors
Companies founded year-on-year in the AI as a Service sector in Sydney
5 AI as a Service startups in Sydney were founded in 2023 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | 4 |
2023 | 5 |
2022 | 3 |
2021 | 4 |
2020 | 4 |
2019 | 3 |
2018 | 5 |
2017 | 2 |
Stage-wise distribution of AI as a Service sector companies in Sydney
Out of the total 36 AI as a Service companies in Sydney, 15 have secured funding. Among them, 7 have reached Series A or higher, and 4 to Series B or beyond.
Founded - 36
Funded - 15
Series A+ - 7
Series B+ - 4
Series C+ - 2
Company Stage | No. of companies |
|---|---|
Founded | 36 |
Funded | 15 |
Series A+ | 7 |
Series B+ | 4 |
Series C+ | 2 |
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Funding Trends in the AI as a Service sector in Sydney
Total funding year-on-year in the AI as a Service sector in Sydney
The AI as a Service sector in Sydney saw a total funding of more than $134M in the last 10 years. The most amount of funding was in 2025 at more than $44.6M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $44.6M |
2024 | $16.1M |
2023 | $11.9M |
2022 | $24.5M |
2021 | $17.5M |
2020 | $4.78M |
2019 | $3.5M |
2018 | $11.6M |
Recent Funding Rounds in AI as a Service in Sydney
In the year 2025, till July 2025, AI as a Service companies in Sydney have raised $31.4M in equity funding across 3 rounds.
In the same period last year (i.e. till July 2024), AI as a Service companies in Sydney had raised $15.9M across 4 rounds.
So, 2025 has seen a 97.36% rise in funding in AI as a Service companies in Sydney as compared to 2024.
Here are some recent, important funding rounds in AI as a Service companies in Sydney:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 8527 | Jul 10, 2025 | ||
Series B | 9877 | May 06, 2025 | ||
Seed | 1725 | Apr 14, 2025 | ||
Seed | 3687 | Oct 22, 2024 | ||
Series B | 1099 | Jul 08, 2024 | and 2 more |
Top Investors in AI as a Service in Sydney
In-Q-Tel is the top investor in AI as a Service companies in Sydney based on number of companies invested.
Here are some top investors in AI as a Service companies in Sydney:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Washington, DC (United States) | - | |
Stockholm (Sweden) | - | |
New York City (United States) | ||
Sydney (Australia) | ||
Sydney (Australia) | - |
M&A activity in AI as a Service sector in Sydney
In the year 2025, till January 2025, 1 acquisition happened in AI as a Service sector in Sydney. Last year, in 2024, a total of 1 acquisition happened in AI as a Service sector in Sydney.
Here are some recent, important acquisitions in AI as a Service sector in Sydney:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jan 08, 2025 | ||
Business Acquisition | Sep 16, 2024 |
Acquisition trends in AI as a Service sector in Sydney
Here are the acquisition trends in AI as a Service sector in Sydney:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | 1 |
2023 | - |
2022 | - |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in AI as a Service in Sydney
In the year 2020, till December 2020, 1 IPO happened in AI as a Service sector in Sydney.
Here are some recent, important IPOs in AI as a Service sector in Sydney:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 14, 2020 | Australian Securities Exchange (ASX) |
Colleges which produce the most AI as a Service companies in Sydney
Companies founded by alumni from top colleges in the AI as a Service in Sydney
Most number of AI as a Service startups in Sydney have been founded by alumni from The University of New South Wales, The University of Sydney and Anna University.
College | No. of companies |
|---|---|
The University of New South Wales | 3 |
The University of Sydney | 2 |
Anna University | 1 |
Duke University | 1 |
Harvard Business School | 1 |
Harvard University | 1 |
IIT Delhi | 1 |
IIT Kanpur | 1 |
Monash University | 1 |
Total funding in AI as a Service companies founded by alumni from top colleges in Sydney
In the last 10 years, The University of New South Wales graduates' AI as a Service companies in Sydney have raised the most funding among top colleges. The University of Sydney alumni are second, and Duke University alumni are third.
College | Total Funding |
|---|---|
The University of New South Wales | $45.7M |
The University of Sydney | $45.1M |
Duke University | $13.2M |
Anna University | $8.9M |
IIT Delhi | $1M |
Harvard Business School | - |
Harvard University | - |
IIT Kanpur | - |
Monash University | - |
Top News in AI as a Service in Sydney
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Decidr Announces Strategic AI Partnership with AWS and Acceptance into APJ FasTrack AcademyBusiness Wire•Mar 21, 2025•Decidr, Amazon Web Services
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Decidr and CareerOne’s new AI job-matching tool delivers strong resultsStockhead•Feb 26, 2025•CareerOne, Decidr
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Proptech Archistar teams up with Blackfort to deploy loans, kicks off with Simonds GroupBusiness News Australia•Apr 17, 2024•Archi Star, Blackfort
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Unleash live Joins AAM CRC in Advancing Australia's Aerospace and Aviation IndustryBusiness Wire•Mar 08, 2024•Unleash live
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Computronix and Archistar Announce Strategic PartnershipNewswire•Dec 12, 2023•Computronix, Archi Star
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Unleash live Joins Forces with AstraUTM to Deliver Safer and More Efficient Drone FlightsBusiness Wire•May 29, 2023•Unleash live, Astra
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VisualCortex and Servian sign ANZ video analytics partnershipTech Business News•Oct 18, 2022•Servian, Visual Cortex
