Databricks have a big bet on India. The San Francisco-based data analytics startup announced Thursday that it plans to invest more than $250 million in the country, demonstrating strong confidence in India’s growing AI talent pool and the region’s importance in the region’s global strategy.
As part of the expansion, Databricks will increase India’s workforce by more than 50%, pushing its personnel up to more than 750 employees by the end of the fiscal year. The company said the new investments will encourage employment, research and development and outreach to customers.
“We are pleased to announce that Vinod Marur, Senior Vice President of Engineering at Databricks,” said Vinod Marur, Senior Vice President of Engineering at Databricks. He added that the company will attract more than 100 R&D engineers at its new research centre in Bengaluru.
Databricks is also rolling out a new initiative called The Data + AI Academy, which aims to train half a million partners and customers in India over the next three years.
“The company is launching the Data + AI Academy in India and is aiming to train 500,000 partners and customers over the next three years,” Reuters reported.
The announcement comes shortly after Databricks’ massive $10 billion Series J-round, bringing the company to a valuation of $62 billion. That round was led by Thrive Capital with participation from heavyweights like Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management.
Founded in 2013 by a group of academics and engineers, including CEO Ali Ghodsi and co-founder of UC Berkeley, Databricks offers a unified platform for data analytics, engineering, and machine learning. Over 5,000 companies, including Comcast, Condé Nast, Nationwide, and H&M, use the platform that includes more than 40% of Fortune 500 companies among their customers.
Databricks is growing rapidly, reporting growth of over 60% year-on-year as more companies invest in AI infrastructure. The company plans to use the latest funding rounds to build an AI product line, expand globally, and provide liquidity to its employees. It is also expected to change positive free cash flow for the first time this quarter.
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