Torch.AI, a leading global artificial intelligence (AI) firm that uses machine learning to enable massively scaled, ultra-high performance data processing, has announced plans to add nearly 500 full-time jobs over five years as part of a $27 million tax incentive package awarded by the Kansas Department of Commerce.
“I can think of no better place for Torch.AI to grow. They will bring sophisticated, high-wage tech jobs, and their decision to locate this expansion in our state enhances our pedigree as a destination for forward-thinking tech experts," Governor Laura Kelly said.
Torch.AI will hire more than 100 new professionals this year alone with an average salary of more than $100,000. The roles range from early career associate engineer and junior data scientist to experienced hires such as top engineering and sales positions. As part of its commitment to Kansas, Torch.AI is also making a significant capital investment in collaborative workspaces for its employees including plans to relocate key talent to Kansas City.
“It’s an honor to align the growth trajectory of Torch.AI with Kansas initiatives to expand its economy and regional impact as a tech hub,” said Brian Weaver, founder, chairman and CEO of Torch.AI.
As part of its tax incentive package, Torch.AI is taking additional steps to train and upskill professionals in Kansas City and across the state to prepare them for jobs in Kansas’s burgeoning tech and cyber sector. The company is already working with a growing network of local universities to influence the curriculum, preparing new IT and data science professionals.
“Torch.AI’s commitment to create hundreds of new jobs in the Kansas City region further optimizes our strengths as a vibrant tech hub with a growing presence in cybersecurity, AI and machine learning,” Kansas City Area Development Council president and CEO Tim Cowden said.
Today’s announcement comes on the heels of Torch.AI’s recent $30 million raise in Series A funding to accelerate its overall growth strategy. The funding, led by WestCap Group, a prominent San Francisco-based investment firm, is enabling the company to rapidly scale its Nexus™ AI platform to meet increasing demand from clients including Fortune 100 companies and U.S. federal agencies charged with protecting national security.
For individuals interested in learning more about current job opportunities at Torch.AI, visit https://www.torch.ai/company#careers. To read more about the details of Kansas incentive programs, visit https://www.kansascommerce.gov/program/business-incentives-and-services/.