Databricks, a US-based data and AI company, announced on Friday its plans to increase investments in India due to the country’s rising demand for data and AI solutions.
“To meet this growing demand, we’re doubling down on our investments in India, most recently with our launch of Databricks infrastructure on Google Cloud and the expansion of both our Indian go-to-market and R&D (research and development) teams,” the statement said.
Databricks opened its R&D hub in Bengaluru last year.
Databricks achieved over US$1.6 billion in revenue globally for its fiscal year ending January 31, marking a growth of over 50% year-on-year, propelled by rapid product innovation. Additionally, Databricks completed several acquisitions in its recent fiscal year, including MosaicML, Arcion, Okera, Einblick, and Rubicon. These acquisitions, along with Databricks’ investment and Series A funding of Mistral AI, have solidified the company’s position as the leading platform for enabling enterprises to leverage generative AI securely and with their proprietary data.
“Over the past two years, we have witnessed an increase in the demand for data and AI solutions across India from all industries, including FSI, retail, manufacturing, and digital natives. This remarkable momentum not only highlights the enterprise AI boom in India but also reinforces our commitment to empowering local businesses with data and AI capabilities,” said Anil Bhasin, Vice President, and Country Manager for Databricks India.
“India is a key market for us, and we’re pleased that so many of its leading enterprises and tech-driven startups have chosen Databricks to support their data and AI journey. To meet this growing demand, we’re doubling down on our investments in India, most recently with our launch of Databricks infrastructure on Google Cloud and the expansion of both our Indian go-to-market and R&D teams. We look forward to helping even more Indian customers use AI securely, with their own data, on our Data Intelligence Platform,” said Ed Lenta, SVP and General Manager for Databricks in Asia Pacific and Japan.
