New Delhi, December 5 (IANS). American data security software company Cohesity has announced to invest one billion dollars in India in the next five years. Through this, the company will expand its technical teams in the country and enhance AI-driven capabilities.
The company has announced investment in India at a time when the world is increasingly focusing on topics like deep-tech and cyber security.
Cohesity CEO Sanjay Poonen said the investment will focus on expanding the company’s technology teams and building advanced AI-powered capabilities that will help the company protect and manage its data amid growing cybersecurity threats.
Cohesity is also backed by graphics chip giant Nvidia and Japan’s SoftBank.
He said this expansion reflects the company’s commitment to innovation and its belief in India’s strength as a global technology hub.
After acquiring Veritas’ data protection business, Cohesity’s employee headcount in India has tripled from 700 last year to about 2,200, Poonan said.
The company has now opened a new center in Bengaluru to complement its existing facility in Pune, further strengthening its engineering presence.
“Our teams here are building the future of data security and helping customers strengthen their defenses against emerging cyber threats,” he said.
He further said that India will be one of the top five revenue source countries of the company in the coming years.
Cohesity’s customers currently include top banks, telecom operators, global companies like Salesforce and Delta Airlines, and Indian IT companies like Infosys.
Cohesity is an American data security and management company that creates AI-powered software that enables companies to backup, manage, secure, and extract value from their data. It focuses on enhancing cybersecurity and keeping data secure.
–IANS
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