ScaleFlux to Invest $60 Million in India for AI-Driven Storage Solutions
ScaleFlux plans to double its investment in India to $60 million, hiring over 100 engineers as demand for AI storage solutions rises. The company opened a new Design and Innovation Centre in Bengaluru, aiming to enhance ASIC and SoC design capabilities. ScaleFlux has invested $30 million in India over the past two years and aims to invest another $30 million in the next two to three years, focusing on local data centers and OEM partnerships.
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ScaleFlux will double its investment in India to $60 million, driven by AI storage demand. The company opened a new facility in Bengaluru to accommodate over 160 staff, expanding from a previous 80 personnel.
Founded in 2014, ScaleFlux has invested $30 million in India recently and plans an additional $30 million in the next few years. The new center will focus on ASIC and SoC design, while the company's revenue from India is increasing, particularly from local data centers. ScaleFlux is also exploring partnerships with local manufacturers and aims to capitalize on the growth in demand for advanced storage solutions.
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