Fivecast was recently featured on the Advertiser website.
There’s a palpable buzz among Adelaide’s start up community.
Where a few short years ago the conversation around fast-growing companies might have focused on small firms – a handful of people getting together to launch an idea – these days it’s just as likely to include global success stories like Tobi Pearce and Kayla Itsines’ Sweat and Antony Ceravolo’s Sine.
Both companies were sold for princely sums in the past couple of years – $400m in the case of Sweat – providing an inspiration to others looking to reach the coveted “unicorn” status, conveyed on a company valued at more than a billion dollars.
Sweat and Sine are in good company, with a large cohort of firms looking to emulate or surpass their success.
Below we have looked at one of the likely contenders over the next few years.
In a short space of time, Fivecast has grown from a small SA start-up to a company with an office in the US and customers around the world, including key US national security agencies.
The digital intelligence company was spun off from the federally funded “Data to Decisions” Cooperative Research Centre in 2017, and now employs more than 70 data scientists, software engineers and other highly skilled staff in Adelaide and Washington DC.
Fivecast software uses artificial intelligence (AI) and machine learning technologies to analyse masses of online data across the surface, deep and dark web to identify threats to national security and public and private organisations.
In the past six months alone, and on the back of a major national security contract in the US, the company has added more than 20 team members to its ranks.
And with the threat of cyber-attacks becoming increasingly more complex and sophisticated, it appears there’s plenty of upside for the Adelaide success story.