Databricks, a Data and AI company, reports over 80 per cent annualised growth in its India business over the past two fiscal years, attributed to rising demand for data and AI capabilities among Indian enterprises. Additionally, the company has launched its infrastructure on Google Cloud's India (Mumbai) region to support its expanding customer base, complementing its R&D hub established in Bangalore last year, demonstrating the company's deepening commitment to India, it said in a statement.
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, driven by rapid product innovation. The company also completed a series of acquisitions in its most recent fiscal year, including MosaicML, Arcion, Okera, Einblick, and Rubicon, it said.
The company claims that Air India, Aditya Birla Fashion and Retail Ltd., CommerceIQ, Freshworks, InMobi, Meesho, Myntra, Parle, UPL, and many others are leveraging the Databricks Data Intelligence Platform to optimise business operations.
Databricks platform provides an open, unified foundation for all data and governance, and is powered by a data intelligence engine that understands the uniqueness of each enterprise’s data.
The company has kicked off its Data Intelligence Days in India today in Bangalore, a flagship event that brought together the brightest minds in data and AI from across the country.
“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 start-ups 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,” said Ed Lenta, SVP and general manager for Databricks in Asia Pacific and Japan.
