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

Mar22,2024



Hyderabad: US-based data and AI player databricks said on friday it is to double on investment in india surge in demand for data and AI services In Indian businesses.
Pointing out that it has recorded growth of over 80% over the last two financial years in India, Databricks said it has launched its infrastructure in the India (Mumbai) region of Google Cloud in response to its growing customer base in India. Have done.
The move is aimed at meeting its growing data needs intelligence platform In the country, it added.
These strategic investments, coupled with the establishment of an R&D hub in Bengaluru, reflect 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 of Asia Pacific and Japan at Databricks, said this importance is reflected not only in the increase in investments but also in the recent expansion. Indian go-to-market and R&D teams.
Anil Bhasin, Vice President and Country Manager, Databricks India, highlighted the growing demand for data and AI solutions in sectors like retail, BFSI, manufacturing in India.
The company said global revenues have crossed US$1.6 billion, a 50% year-on-year increase due to continued product innovation and recent acquisitions.



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