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World's first software defined data factory comes up in Hyderabad

Hyderabad: Dragonfly Data Factory, a US-based firm engaged in enterprise cloud and data infrastructures, Monday announced the launch of the world's first "software defined cloud enabled" data facility here.

Powered by the company's patent-pending factory operating system, the facility will enable global clients to cost effectively extract, mine, manage and monetise unlimited volumes of data from any number of sources.

Company's founder and CEO Ram Pothula told reporters that the data factory would give customers complete freedom to combine their choice of tools from industry-leading providers to mine, manage and monetize their data.

The company, which has its presence in three locations in the US, also plans to set up soon a data facility in Visakhapatnam in neighboring Andhra Pradesh.

A self-funded company, it plans to raise $25 to $30 million through Series-A by next year to accelerate the company's growth.

Dragonfly has also drawn up aggressive plans for hiring. The headcount, which stands at 64 at all locations now, will be 364 by the end of 2015 and 2,700 by end of 2016.

Pothula said majority of data scientists will be hired for Hyderabad and Visakhapatnam locations, which will serve as the main development centres.