Databricks announced significant milestones, marking both its expansion into the Indonesian market and the closing of its Series J funding round.
The company has experienced over 70% annualised growth in the ASEAN region over the past three years, driven by the rising demand for data intelligence.
To meet the growing demand for data, AI, and governance in Indonesia, Databricks will launch its Data Intelligence Platform on AWS in the Asia Pacific (Jakarta) Region in early 2025.
Indonesian organisations will be able to leverage this platform to drive digital transformation, enhance operational efficiencies, and unlock new business opportunities.
Databricks has already been working with hundreds of customers in ASEAN, including Standard Chartered Bank, Ikano Retail (IKEA franchise), and Xendit, to enhance business operations through advanced analytics and AI-driven insights.
“We’re excited to bring the Databricks Data Intelligence Platform to Indonesia, enabling enterprises to unlock the full potential of their data and transform their businesses in an increasingly digital economy,”
said Cecily Ng, Vice President and General Manager of ASEAN and Greater China, Databricks.
In addition to its regional expansion, Databricks also announced the closing of a US$10 billion Series J funding round, which includes participation from existing investors such as QIA, along with new investors like Temasek and Meta.
This funding round values Databricks at US$62 billion and will be used for the development of new AI products, acquisitions, and international market expansion.
The company also closed a US$5.25 billion credit facility to support its growth.
“We received overwhelming interest in this round from investors who believe in our vision and market impact. Data intelligence is critical to unlocking the immense potential of generative AI and helping enterprises reach their business goals,”
said Ali Ghodsi, Co-Founder and CEO of Databricks.
Featured image credit: edited from freepik
The article first appeared on Fintech News Singapore
