SplashBI to invest USD 100 million in Hyderabad over 5–7 years; plans workforce expansion
Hyderabad, Nov 9 (TNT) : US-based data analytics company SplashBI will invest over USD 100 million in Hyderabad over the next five to seven years to strengthen its research and development (R&D), product innovation and artificial intelligence (AI) capabilities, its co-founders said on Monday.
Talking to reporters after inaugurating the company’s new Global Capability Centre (GCC) here, President and Co-founder Kiran Reddy Pasham and CEO and Co-founder Naveen Miglani said the facility would serve as its principal product development and innovation hub to support global operations and expansion.
The company, which initially started operations in Gachibowli, shifted to a larger facility in the city’s technology hub to accommodate its expansion plans and attract skilled talent, they said.
SplashBI currently has around 400 employees globally, including approximately 275 in Hyderabad. The new facility has a seating capacity of 400 employees, and the company plans to expand its workforce gradually based on business requirements and availability of skilled professionals.
The co-founders said the proposed USD 100 million investment was earmarked exclusively for Hyderabad over the next five to seven years. The company had already invested around USD 4 million in its data centre and computing infrastructure in the city.
Describing the new facility as primarily an R&D and innovation centre, they said product development, engineering and AI capabilities would be brought under one roof to facilitate interaction among teams and accelerate innovation.
SplashBI’s enterprise data analytics platform currently serves over 500 customers across 39 countries. Its clientele includes government organisations, manufacturing companies and large commercial enterprises, with a significant presence in the US and the Middle East, Kiran Reddy said.
Around 40 per cent of its customers are government entities, while manufacturing companies account for nearly 30 per cent of its customer base. The company also serves government organisations in Dubai and Abu Dhabi, he said.
SplashBI currently focuses on large enterprises with revenues of USD one billion and above. However, it is developing AI-enabled features to make its platform more self-service-oriented and accessible to mid-market companies and small and medium enterprises (SMEs).
Though the company does not currently market its products in India, it plans to explore the domestic market as part of its proposed expansion into the mid-market segment. It presently serves customers in Singapore, Australia and several Middle Eastern countries, he said.
The co-founders said AI capabilities were being increasingly incorporated into the company’s products and implementations to help enterprises unlock complex business data and take informed decisions.
The company had recruited talent from around five universities across Telangana and Andhra Pradesh, including the University of Hyderabad, and would continue campus recruitment based on its business requirements.
They said SplashBI was also open to collaborating with the Telangana government to develop data analytics and AI-related skills among youth. One proposal under consideration was the introduction of AI-integrated data analytics courses in university curricula with industry participation.
Hyderabad would remain the company’s principal product development centre, and it would consider further expansion, including inorganic growth opportunities, depending on business requirements. Though a few employees were already working in Bengaluru, there were no immediate plans to establish another major centre there, they added.
The co-founders expressed confidence that the proposed investment would create further employment opportunities for skilled professionals and contribute to Telangana’s technology and economic growth.
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