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Predictive analytics company InsideSales.com to create 120 Irish jobs.

Dave Elkington of InsideSales, which is opening in Ireland

An international business that predicts future sales patterns through artificial intelligence is set to expand into Ireland as the company looks to boost its presence in EMEA markets.

InsideSales.com also announced it had secured a round of investment from the Irish Strategic Investment Fund (ISIF) and had also entered into a partnership with the Insight Centre for Data Analytics.

The Insight Centre for Data Analytics is a joint initiative between researchers at Dublin City University, NUI Galway, University College Cork and University College Dublin. The partnership aims to help advance data science and machine learning.

InsideSales is scouting the country for locations, with the firm expected to hire up to 120 new staff over the next three years.

"As an early leader offering AI-fueled tools in the workplace, we're excited to use this new investment to bring InsideSales' technology to new geographies, new platforms and to foster smart growth for companies of all sizes," said ceo Dave Elkington.

"Over the past year we've seen the buzz around AI reach a fever pitch. No other business based in Ireland has a focus on machine learning and data science like InsideSales.com does."

"We're not only looking to hire some of Ireland's best and brightest technology graduates, but also to help build a new, highly skilled industry in the region," Mr Elkington added.

InsideSales.com confirmed the close of a $50m (€46.8m) growth equity round, led by returning investor Polaris Partners with support from Microsoft.

New investors include QuestMark Partners and the Ireland Strategic Investment Fund.

Existing venture investors Kleiner Perkins Caufield Byers, Hummer Winblad, US Venture Partners, Epic Ventures, and Zetta Venture partners also participated.

The round brings the company's total venture capital funding to over $250m.

"We are pleased to welcome InsideSales into Ireland's flourishing technology community," said Eugene O'Callaghan, Director of ISIF

"This investment is well-aligned with the ISIF's mandate with the key benefits to the Irish economy being the targeted creation of more than 120 high-quality jobs over the next three years in addition to the collaboration between InsideSales and the Insight Centre in Ireland fostering growth of this important specialist sector," Mr O' Callaghan added.