Databricks doubles down on funding in India amidst native enterprise AI growth

Knowledge analytics platform Databricks’ India arm has recorded an 80 per cent annualised progress over the previous two fiscal years, the corporate has mentioned in a launch.

The corporate has additionally launched its Databricks Infrastructure on Google Cloud’s India (Mumbai) area to help the rising buyer base and demand for the Databricks Knowledge Intelligence Platform.

“Over the previous two years, now we have witnessed a rise within the demand for knowledge and AI options throughout India from all industries, together with FSI, retail, manufacturing, and digital natives. This outstanding momentum not solely highlights the enterprise AI growth in India but additionally reinforces our dedication to empowering native companies with knowledge and AI capabilities,” mentioned Anil Bhasin, Vice President, and Nation Supervisor for Databricks India.

The corporate attributes this surge to the rising demand for knowledge and AI capabilities amongst Indian enterprises.

Key market

“India is a key marketplace for us and we’re happy that so lots of its main enterprises and tech pushed start-ups have chosen Databricks to help their knowledge and AI journey. To fulfill this rising demand, we’re doubling down on our investments in India, most lately with our launch of Databricks infrastructure on Google Cloud and the enlargement of each our Indian go-to market and R&D groups. We sit up for serving to much more Indian prospects use AI securely, with their very own knowledge, on our knowledge intelligence platform,” mentioned Ed Lenta, SVP and Common Supervisor for Databricks in Asia Pacific and Japan.

Globally, Databricks reached over $1.6 billion in income for its fiscal 12 months ending January 31, representing over 50 per cent year-on-year progress, pushed by speedy product innovation.

Databricks additionally accomplished a collection of acquisitions in its most up-to-date fiscal 12 months, together with MosaicML, Arcion, Okera, Einblick, and Rubicon. These acquisitions, in addition to Databricks’ lately introduced funding and Collection A funding of Mistral AI, have positioned the corporate because the platform to assist enterprises reap the benefits of generative AI – securely and with their very own proprietary knowledge.

Indian enterprises together with Air India, Aditya Birla Vogue and Retail, CommerceIQ, Freshworks, InMobi, Meesho, Myntra, Parle, and UPL use Databrick’s platform.