Databricks Inc. has announced plans to invest over $250 million in the country over the next three years, according to a Bloomberg report. This move aligns with the growing trend of expansion in India by Western tech firms. This strategic move by the San Francisco-based data analytics giant aims to accelerate artificial intelligence innovation.
The Bloomberg report mentioned that Databricks will increase its Indian workforce by more than 50%, aiming for around 750 employees by the fiscal year’s end. This includes doubling the engineering team at its recently established Bangalore research centre to over 200.
This expansion places India alongside Amsterdam, Berlin, and Mountain View, California, in Databricks’ network of R&D centers. Founded in 2013, Databricks develops software crucial for the AI boom, focusing on data aggregation, analysis, and distribution. Rochana Golani, VP at Databricks, highlighted India’s emergence as a key global AI talent hub.
Having secured over $15 billion in funding earlier this year from investors like Meta Platforms Inc. and various financial institutions, Databricks, with its latest valuation of $62 billion, has yet to go public. Furthering its commitment to India, Databricks will also launch an AI and data academy with the ambitious goal of training half a million partners and customers in the next three years.