New Delhi, March 22 (SocialNews.XYZ) US-based data and AI company Databricks on Friday said it has clocked 80 per cent annualised growth in the past two fiscal years in India, driven by an increase in demand for data and AI capabilities across enterprises in the country.
The company also announced the launch and availability of Databricks infrastructure on Google Cloud’s India (Mumbai) region to support the growing customer base and demand for its 'Data Intelligence Platform'.
These investments, in addition to the launch of its R&D hub in Bengaluru last year, further Databricks’ commitment to India, the company said in a statement.
“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,” said Anil Bhasin, Vice President and Country Manager for Databricks India.
This momentum not only highlights the enterprise AI boom in India but also reinforces “our commitment to empowering local businesses with data and AI capabilities,” Bhasin added.
Globally, Databricks reached over $1.6 billion in revenue for its fiscal year ending January 31, representing over 50 per cent year-on-year growth.
“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,” said Ed Lenta, SVP and General Manager for Databricks in Asia Pacific and Japan.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz