New Delhi, Dec 5 (NationPress) The US-based data security software firm Cohesity, supported by global leaders such as Nvidia and Japan’s SoftBank, has declared a monumental investment of $1 billion in India over the next five years. This initiative aims to significantly enhance its engineering operations and solidify its foothold in one of its most rapidly expanding markets.

According to Cohesity's CEO, Sanjay Poonen, this investment will prioritize the growth of the company’s technical workforce and the development of sophisticated AI-driven technologies that empower enterprises to safeguard and manage data amidst escalating cybersecurity challenges.

Poonen emphasized that this expansion showcases the company’s dedication to innovation and its confidence in India’s potential as a global technology center.

He noted that Cohesity’s workforce in India has surged to approximately 2,200 from 700 last year, following the acquisition of Veritas’ data protection division.

The company has inaugurated a new center in Bengaluru, supplementing its existing facility in Pune, thereby enhancing its engineering presence.

“Our teams are pioneering the future of data security and assisting clients in fortifying their defenses against evolving cyber threats,” he stated, adding that India is projected to rank among the company’s top five revenue-generating nations in the upcoming years.

Cohesity's clientele includes prominent banks, telecom providers, major global enterprises like Salesforce and Delta Airlines, as well as Indian IT giants such as Infosys.

This ambitious push into India coincides with a global surge in interest towards deep-tech and cybersecurity advancements.

Just last month, Nvidia joined forces with a consortium of Indian and US investors to back the India Deep Tech Alliance, which has pledged over $850 million to fund startups in sectors like semiconductors, AI, robotics, and space technology.

This initiative seeks to tackle long-term funding hurdles faced by deep-tech enterprises that necessitate substantial capital and extended research periods.

As India’s tech landscape transitions towards more sophisticated, innovation-driven growth, Cohesity’s $1 billion investment amplifies the momentum established by leading global entities expanding their strategic operations in the country.

Analysts suggest that this move aligns with India’s broader goal of cultivating a robust deep-tech ecosystem and emerging as a global innovation nucleus.