data brick announced an important milestone marking its expansion into the Indonesian market and the closing of its Series J funding round.
The company has experienced over 70% annual growth in the ASEAN region over the past three years due to the growing demand for data intelligence.
To meet the growing demand for data, AI, and governance in Indonesia, Databricks will launch a data intelligence platform on AWS in the Asia Pacific (Jakarta) region in early 2025.
Organizations in Indonesia will be able to leverage this platform to drive digital transformation, improve operational efficiency, and unlock new business opportunities.
Databricks is already working with hundreds of customers in ASEAN, including Standard Chartered Bank, Ikano Retail (an IKEA franchise), and Xendit, to power their business operations through advanced analytics and AI-powered insights.
“We are excited to bring the Databricks Data Intelligence Platform to Indonesia, helping businesses realize the full potential of their data and transform their businesses in an increasingly digital economy.”
Cecily Ng, Vice President and General Manager of ASEAN and Greater China, Databricks, said:
In addition to its regional expansion, Databricks also announced the closing of a US$10 billion Series J funding round, which included participation from existing investors such as QIA, as well as new investors such as Temasek and Meta.
The funding round values Databricks at US$62 billion and will be used to develop new AI products, acquire acquisitions, and expand international markets.
The company also closed a US$5.25 billion credit facility to support growth.
“We received overwhelming interest in this round from investors who believe in our vision and market impact. Data intelligence is unlocking the immense potential of generative AI to help companies achieve their business goals. It’s essential to helping you achieve that.”
Ali Ghodsi, co-founder and CEO of Databricks, said:
Featured image credit: Edited from freepic
