San Francisco-based company Databricks has announced a 70% year-on-year growth across Australia and New Zealand (ANZ) in the previous fiscal year. This growth is powered by local businesses' increased adoption of data and Artificial Intelligence (AI) functionalities.
Databricks has secured a number of ANZ customer wins in the past year, including Seven West Media, Colonial First State, and most recently, the National Rugby League. These partnerships have significantly contributed to the company's growth. Furthermore, the company more than doubled its ANZ partners during fiscal year 2024.
A global player, Databricks recorded revenues of over US$1.6 billion during fiscal year ending January 31, an impressive 50% year-on-year growth. The company has also expanded its collaboration with NVIDIA to bolster data and AI workloads, following NVIDIA's participation in Databricks' Series I funding round last September.
In to this worldwide upward trend, Databricks launched the general-purpose large language model (LLM) DBRX. This platform enables organizations to build, train, and implement their own customised LLMs. Furthermore, Databricks revealed the acquisition of MosaicML and Arcion, demonstrating its commitment to bolstering product innovation.
The success of these moves is further reflected in the winners of its inaugural Data Team Awards in Australia. These awards acknowledged the efforts of customers such as National Australia Bank (NAB), Atlassian, and Seven West Media in utilising data and AI to revolutionise their respective industries.
Adam Beavis, Vice President and Country Manager for Databrick in ANZ, expressed satisfaction about the achievement made within 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."
Joanna Gurry, Executive, Data Platforms, NAB stated, "Databricks is a strategic enabler of our data strategy, helping to drive standardisation and efficiencies in providing data in a reliable way. It allows our banking experts to focus on the things that make a difference to our customers, knowing they have all the information they need to drive high-quality relationships and a truly great experience".
Lauding the remarkable working relation, James Hayes, Mantel Group Data Partner noted, "We're seeing a high level of demand from clients across ANZ to leverage Databricks platform to unlock the value from artificial intelligence and machine learning use cases".
In its bid to create a vibrant community of AI leaders, Databricks has kickstarted a series of Data Intelligence days across ANZ. It arranged events in Perth and Melbourne in March and has plans for Auckland and Brisbane in May.
The past week in Melbourne witnessed data and AI leaders, including customers like The Reece Group, Sportsbet, and Future Fund, share their data and AI transformation stories, signaling a healthy atmosphere of mutual learning within the industry.
Databricks also recently held its inaugural ANZ Data + AI Awards 2024, recognising stellar data and AI teams and individuals. Winners included NAB, Seven West Media, Atlassian, and Mable, each celebrated for their innovative use of AI and data.