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Tag: #TechHub

Octave Opens Global Technology and Innovation Centre in Hyderabad

Hyderabad: Octave Intelligence plc, a global provider of software for mission-critical facilities and infrastructure, has inaugurated its new Global Technology and Innovation Centre in Hyderabad, strengthening the city’s position as a hub for advanced technology and innovation.

The new centre is expected to become a key location for Octave’s global technology and innovation operations, supporting the company’s growing capabilities across software engineering, artificial intelligence, data, cloud computing and product development.

Telangana Minister for Information Technology, Electronics & Communications, Industries & Commerce and Legislative Affairs D. Sridhar Babu, along with Mattias Stenberg, Chief Executive Officer of Octave, and other senior company leaders, inaugurated the facility. Sai Krishna, IT Advisor to the Government of Telangana, was also present at the event.

The Hyderabad centre will function as a global technology and innovation hub, with teams working on advanced technologies and solutions that support Octave’s customers across international markets.

The facility will contribute to the development of technologies designed for industries operating complex assets and critical infrastructure. These solutions focus on delivering real-time intelligence and enabling data-driven decision-making in mission-critical environments.

With capabilities spanning artificial intelligence, data, cloud and software engineering, Octave’s Hyderabad centre is expected to play an important role in the company’s global innovation strategy while further expanding Hyderabad’s growing technology ecosystem.

Global

Syneriq Global Launches AI-First Global Capability Centre in Hyderabad

Hyderabad, March 12 — Syneriq Global has inaugurated its AI-First Global Capability Centre (GCC) in Hyderabad, marking a significant milestone in the city’s evolution as a hub for AI-driven innovation. Telangana IT Minister D. Sridhar Babu lauded the initiative, emphasizing its role in propelling Hyderabad towards becoming a global leader in AI product development.

“Artificial Intelligence is embedding itself deeply in every industry and aspect of life. Hyderabad has the talent, and we must transition from merely coding to developing and exporting AI products worldwide. The city should establish itself as a Global Value Centre,” Sridhar Babu stated at the launch event.

The ₹50-crore investment in the new GCC will accelerate Syneriq Global’s expansion, with plans to double its workforce to 1,500 employees and target $150 million in revenue. The 40,000-square-foot facility will serve as an AI innovation hub, focusing on product engineering, research, and incubation for AI-driven startups.

Syneriq Global’s founder, Sudhakar Pennam, highlighted the company’s AI-powered platforms, including Zyrix, KITAP, and DQ Gateway, which were developed at its Hyderabad innovation lab. The facility aims to foster cutting-edge advancements in AI and deep-tech solutions.

Telangana has witnessed a surge in Global Capability Centres across various industries, a trend actively supported by the state government. Sridhar Babu noted that Hyderabad already hosts over 300 GCCs, collectively employing more than two lakh professionals.

Madan Mohan Rao, MLA from Nizamabad, emphasized Hyderabad’s growing prominence in AI and deep-tech sectors, predicting a strong economic future for the city. “GCCs like this are setting the stage for Hyderabad to surpass other major tech cities. The state government is proactively securing investments and strengthening infrastructure to support this transformation,” he added.

As part of broader AI-focused initiatives, Telangana is planning a 200-acre AI city, further reinforcing Hyderabad’s reputation as a global technology powerhouse.

Source:deccanchronicle