Data lakehouse technology vendor Databricks has reported its Australia and New Zealand (ANZ) business grew by over 70 percent in the financial year ending 31 January 2024.
The company said the growth was "driven by a surge in demand for data and AI capabilities among Australian enterprises."
This was reiterated by Mantel Group's data partner James Hayes who said the Databricks partner is "seeing a high level of demand from clients across Australia and New Zealand to leverage Databricks’ platform to unlock the value from artificial intelligence and machine learning use cases.”
In the last financial year, Databricks took on new ANZ customers including Seven West Media, Colonial First State, and the National Rugby League.
Globally, the company reached over US$1.6 billion in revenue for its financial year ending 31 January, representing over 50 percent year-over-year growth.
Databricks also completed a series of acquisitions in its most recent fiscal year, including the purchases of MosaicML, Arcion, Okera, Einblick and Rubicon.
“In my first year with Databricks, I’ve had the pleasure to work with such a strong ecosystem of customers and partners in ANZ,” said Adam Beavis, VP and country manager for Databricks in ANZ.
"Data and AI are key enablers for businesses to differentiate themselves from their competition, and it’s incredibly exciting to work with data-forward and innovative companies across the region."
"I’ve also been blown away by the speed of innovation from our product teams, and the diligent work of our team here on the ground in Australia and New Zealand."
“Our goal is to fuel our business with data at speed and at scale in a highly secure way. Databricks is a strategic enabler of our data strategy, helping to drive standardisation and efficiencies in providing data in a reliable way."
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