The holiday accommodation rental company AirBnB is to make Dublin its European base.
The website has announced that it is setting up it's hospitality innovation lab in the capital and its customer experience team will also be based here.
The website allows people to book a room, apartment or home from other users on the site with vacant property. Arrangements are made directly between interested parties without management companies.
It's not yet clear how many jobs will be created it's understood up to 100 positions will come on stream.
On a company blog post for the announcement, Brian Chesky wrote; "Dublin is known the world over for its warm welcome. The city has a reputation for being one of the most hospitable and friendliest places in the world,"
"Dublin is also an emerging technology epicentre in Europe, and one of its most international cities, with nearly every language represented."
He said Dublin would house both the company's European customer experience team and a "Hospitality Innovation Lab" which will focus on improving the customer experience.
The investment is backed by the IDA. Minister for Jobs, Enterprise and Innovation, Richard Bruton, met senior executives from the company during an IDA investment trip to America last October.
He said the decision to choose Ireland is a major endorsement of the talent of the country's workforce.
AirBnB employs around 600 people worldwide, with a valuation of US $2.5bn.