Top 4 SaaS Companies in Victoria, Australia, September 2026

Victoria, Australia

Sapia (sapia.ai) is an Australian enterprise AI recruitment platform that uses structured chat-based interviews and proprietary natural language processing to assess job candidates at scale. Founded in 2018 by Barb Hyman, the company spent 18 months building its product before launching commercially, accumulating a first-party dataset of 800 million words across roughly 1.8 million interviews conducted in 47 countries. As of April 2022, Sapia reported approximately $6 million in annualized recurring revenue, growing at more than 200% year over year, with 50 enterprise customers paying an average contract value of roughly $100,000 on multi-year annual terms. Customers include Woolworths Group, Qantas Group, Bunnings, Ericsson, and Air Canada. Net dollar retention stood at approximately 120%, driven entirely by expansion with no direct customer churn. Hyman funded the company's early stages partly through a personal second mortgage of $500,000 and subsequently raised an undisclosed pre-seed round from high-net-worth Australian investors. In early 2022 she was actively meeting US venture capital firms, targeting a $10 million to $15 million raise to expand the US sales team and invest in brand marketing, with runway extending to mid-2023.