Databricks Achieves 80% Growth in India Market
US-based data and AI company Databricks has reported an impressive 80% annualized growth in the past two fiscal years in India, driven by heightened demand for data and AI capabilities among enterprises in the country. The company has further bolstered its presence by launching its infrastructure on Google Cloud’s India (Mumbai) region, aiming to cater to the expanding customer base and increasing demand for its 'Data Intelligence Platform'.
This move follows the establishment of Databricks' R&D hub in Bengaluru last year, reinforcing the company's commitment to India, as stated in a recent announcement.
Anil Bhasin, Vice President and Country Manager for Databricks India, highlighted the surge in demand for data and AI solutions across various sectors in India, including financial services, retail, manufacturing, and digital natives. Bhasin emphasized that this momentum not only reflects the growing enterprise AI trend in India but also underscores Databricks' dedication to empowering local businesses with advanced data and AI capabilities.
Globally, Databricks achieved remarkable success, surpassing $1.6 billion in revenue for its fiscal year ending January 31, with a year-on-year growth rate exceeding 50%.
Ed Lenta, SVP and General Manager for Databricks in Asia Pacific and Japan, acknowledged India's significance as a key market for the company. Lenta expressed satisfaction that many leading enterprises and tech-driven startups in India have selected Databricks to support their data and AI endeavors.
Databricks' robust growth and strategic investments in India align with the country's increasing focus on digital transformation and innovation, positioning the company as a key player in India's evolving data and AI landscape.
