Trigyn Technologies to Establish AI Hub in Hyderabad

Trigyn Technologies, a US-based leader in digital and intelligence solutions, has announced plans to launch an AI innovation and delivery center in Hyderabad. This new center is set to employ over 1,000 people within the next three years, marking a significant expansion of their presence in India.

The announcement came after a meeting in New York between Trigyn's top executives and Telangana Chief Minister A Revanth Reddy, along with IT and Industries Minister D Sridhar Babu. Currently, Trigyn employs around 100 individuals in Hyderabad, part of its global workforce of 2,500, with approximately 1,000 employees based in India.

With total revenues exceeding $160 million, Trigyn is gearing up for rapid growth in AI adoption across various sectors. The company expects to transition into full production mode within the next six months, leveraging the new center to drive innovation and delivery of AI solutions.

In related developments, Arcesium, backed by the DE Shaw group and Blackstone Alternative Asset Management, plans to expand its operations in Hyderabad. Arcesium aims to hire 500 high-end tech professionals over the next two years to enhance its data management and strategy initiatives.

These announcements were part of a broader CEO roundtable hosted by the Telangana Chief Minister to showcase investment opportunities in the region. The event saw participation from industry leaders like Amit Kumar of Accenture, Punit Lochan of Deloitte, Veera Budhi of Habits Inc, and Arun Upadhaya of Ocugen, highlighting Telangana's growing appeal as a tech investment hub.

News by Rahul Yelligetti