Databricks doubling down on investment in India amid surge in AI services demand – Times of India

by The Technical Blogs


HYDERABAD: US-based data and AI player Databricks on Friday said it is doubling down on investment in India spurred by a surge in demand for data and AI services across Indian businesses.
Pointing out that it reported a growth of over 80% in the last two fiscal years in India, Databricks said in response to its increasing customer base in India it has introduced its infrastructure on Google Cloud’s India (Mumbai) region.
The move is aimed at catering to the rising need for its data intelligence platform in the country, it added.
These strategic investments, coupled with the establishment of an R&D hub in Bangalore, showcase its strong commitment to the Indian market, Databricks said.
Pointing out that India has emerged as a key market for the company, Ed Lenta, SVP and general manager for Asia Pacific and Japan, Databricks, said this importance is not only reflected in the stepping up of investments but also in the recent expansion of the Indian go-to-market and R&D teams.
Databricks India vice president & country manager Anil Bhasin highlighted the surging demand for data and AI solutions across sectors such as retail, BFSI, manufacturing in India.
The company said global revenues crossed US$1.6 billion, with a 50% year-on-year growth, fueled by continuous product innovation and recent acquisitions.


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