US-based data and AI company Databricks has reported an 80% annualized growth in the last two fiscal years in India, driven by a surge in the demand for data and AI capabilities among enterprises in the country. The company has also introduced Databricks infrastructure on Google Cloud’s India (Mumbai) region to cater to the increasing customer base and demand for its ‘Data Intelligence Platform’. This move, along with the establishment of its R&D hub in Bengaluru last year, signifies Databricks’ commitment to India.
Anil Bhasin, Vice President, and Country Manager for Databricks India, stated, “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 surge not only signifies the enterprise AI boom in India but also emphasizes “our commitment to empowering local businesses with data and AI capabilities,” Bhasin added.
Globally, Databricks achieved over $1.6 billion in revenue for its fiscal year ending January 31, with a growth rate exceeding 50% year-on-year. Ed Lenta, SVP, and General Manager for Databricks in Asia Pacific and Japan, mentioned, “India is a key market for us, and we’re delighted that so many of its leading enterprises and tech-driven startups have selected Databricks to support their data and AI journey.” The company’s continued growth in India highlights the country’s increasing adoption of data and AI technologies.
