Business Economy


SplashBI to invest USD 100 million in Hyderabad over 5–7 years : Co-Founders

Hyderabad, Nov 9 (UNI) US-based data analytics company SplashBI will invest over USD 100 million in Hyderabad over the next five to seven years to expand its research and development, product innovation and Artificial Intelligence (AI) capabilities, its co-founders said on Monday.
Talking to reporters on the sidelines of the inauguration of its new Global Capability Centre (GCC) here, President and Co-founder Kiran Reddy Pasham and CEO and Co-founder Naveen Miglani said the entire proposed investment would be made in Hyderabad, which would serve as the company's key global product development and innovation hub.
The company currently has a global workforce of around 400 employees, including 275 in Hyderabad. The new facility has a seating capacity of 400, and the company plans to expand its workforce in phases depending on business requirements and availability of skilled talent, they said.
The co-founders said SplashBI had already invested around USD 4 million in establishing its data centre and computing infrastructure in Hyderabad.
The company's data analytics platform is currently used by over 500 enterprise 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.
Around 40 per cent of its customers are government entities, while manufacturing companies account for nearly 30 per cent, they 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 accessible to mid-market companies and small and medium enterprises (SMEs).
Although 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, they said.
The co-founders said the Hyderabad centre would primarily focus on research, development and innovation, with AI emerging as a key area of investment and product development.
The company had recruited candidates from around five universities in Telangana and Andhra Pradesh, including the University of Hyderabad, and would continue campus recruitment based on its requirements.
Kiran Reddy said the company was also exploring collaboration with the Telangana government to promote data analytics and AI skills among youth, including the possibility of introducing industry-oriented courses into university curricula.
Hyderabad would remain its principal product development centre, and the company had no immediate plans to establish another major facility in Bengaluru, though a few employees were already working there, the co-founders said.
They said the growing adoption of AI across industries offered significant opportunities for product innovation and global business expansion.
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