Motive to Hire Hundreds as AI Unicorns Follow Big | Investment News
- Analyst
- Mar 11
- 2 min read
Motive to Hire Hundreds as AI Unicorns Follow Big – Investment News
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Fleet management startup Motive Technologies Inc. plans to more than double its India headcount, becoming a member of a rising quantity of artificial intelligence unicorns from Silicon Valley increasing within the South Asian nation.
The San Francisco-based startup plans to rent more than 300 people for its AI, product and engineering groups at its Bangalore development heart over the subsequent two years, Chief Executive Officer Shoaib Makani mentioned in an interview. Valued at $2.85 billion in a 2022 funding spherical, Motive’s instruments help fleet operators handle their staff, autos and expenditures.
Motive is amongst upstarts which can be following main tech companies like Meta Platforms Inc. and Microsoft Corp. into India, betting on one of the world’s deepest AI engineering swimming pools to velocity up product cycles and speed up innovation. The southern metropolis of Bangalore particularly is rising as a scorching spot as the tech industry spends billions of {dollars} to add services and recruit AI staff on this planet’s most populous nation.
“The AI talent density in Bangalore rivals the Bay Area,” mentioned Makani, a Google and Khosla Ventures alum. “If you aren’t in Bangalore, you are at a strategic disadvantage.”
Bangalore, India’s foremost tech hub, will home a third of Motive’s international R&D headcount. Motive, whose 120,000 clients embrace the likes of FedEx Corp. and Halliburton Co., at the moment has about 250 workers within the nation.
AI may have a cumulative international financial impression of $19.9 trillion by means of 2030, bolstering growth throughout the planet, in accordance to a latest research by market analysis firm IDC. However, a expertise scarcity threatens to gradual down its adoption — one in two AI jobs within the US will likely be unfilled by 2027, and India will likely be a million people short of expert AI expertise by that 12 months, in accordance to a latest report from Bain & Co.
Unicorn Abbyy Software, which focuses on AI-powered doc automation, last week opened an R&D heart in Bangalore with about 65 positions, and plans to double that over the subsequent 12 months. The area’s gifted workforce gives super alternatives for startups, Ulf Persson, CEO of the Milpitas, California-based company, mentioned in an announcement.
Palo Alto, California-based enterprise AI startup Glean Technologies Inc., valued at $4.6 billion, had about 100 engineers in its Bangalore development heart last 12 months, with plans to triple the headcount this 12 months. Other unicorns like ElevenLabs and AlphaSense have additionally opened analysis facilities in India.
Next week, Norwegian AI company Cognite AS, which builds AI options for the world’s largest vitality companies, will open a Bangalore facility with about 100 positions, together with roles in AI and machine studying.
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