Databricks to Invest over US$350 Million in Singapore, More than Double Headcount
The investment will fund a bigger headquarters, 20,000-person training programs and a start-up accelerator as Databricks expands its AI support team.
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7 Articles
San Francisco-based AI firm Databricks to invest $350M in Singapore, quadruple office, double staff
Data-and-AI company Databricks, based in the United States, will invest more than $350 million in Singapore over three years, doubling its local workforce and quadrupling its office space as enterprises adopt AI.
Value will be destined to expand the company in the country; according to Databricks, movement is response to business growth in Brazilian territory
Databricks to Invest Over US$350 Million in Singapore, Double Its Workforce
Databricks plans to invest more than US$350 million in Singapore over the next three years as demand for its enterprise AI products grows. The company will double its local workforce from 250 to more than 500 employees and open a 32,000-square-foot regional headquarters at IOI Central Boulevard Towers. The new office will quadruple its existing [...]
The investment is one of the largest already announced by the American technology company in a single market outside the USA; Brazil is one of the countries with the highest rate of growth, told Bloomberg Line co-founder Arsalan Tavakoli and country manager Ricardo Buffon
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