Octave Intelligence has launched a new global technology and innovation centre in Hyderabad, deepening its presence in India as it looks to expand engineering capabilities in artificial intelligence, cloud, data and software development.
The Nasdaq-listed software company has inaugurated a 2 lakh sq ft facility in HITEC City and plans to scale the centre to 2,000 engineers in the coming years. The expansion reflects growing demand for specialised engineering talent as enterprises accelerate investments in AI-driven technologies and digital transformation.
The facility was inaugurated by Telangana IT and Industries Minister Duddilla Sridhar Babu, alongside Octave CEO Mattias Stenberg and senior company leaders.
New centre to support global product and technology development
The Hyderabad facility will serve as a key hub within Octave's global technology and innovation network.
According to the company, teams based at the centre will work across:
- Software engineering
- Artificial intelligence
- Data and analytics
- Cloud technologies
- Product development
Engineers at the facility will contribute to products and solutions deployed by customers worldwide.
Octave develops software for mission-critical industrial facilities and infrastructure. The company serves approximately 4,500 customers across 180 countries and said more than 60% of Global Fortune 500 companies are among its customers.
Hyderabad chosen for talent and innovation ecosystem
Speaking at the inauguration, Mattias Stenberg said Hyderabad offers a combination of engineering talent, a strong technology ecosystem and a culture of innovation.
He described the new centre as an investment in both people and capabilities that will support the company's future growth ambitions.
The Hyderabad teams will work on technologies designed to help organisations manage complex operational data and apply AI and advanced analytics to improve:
- Reliability
- Productivity
- Safety
- Sustainability
- Decision-making
The move comes as enterprises increasingly seek technology solutions capable of managing large-scale industrial operations and extracting greater value from operational data.
Expansion adds momentum to Hyderabad's GCC growth story
Octave's investment also reinforces Hyderabad's position as one of India's fastest-growing destinations for global capability centres.
According to Telangana IT Minister Duddilla Sridhar Babu, Hyderabad attracted 75 new GCCs in the past year, while the state aims to bring in another 100 GCCs over the next year.
The minister said multinational companies are increasingly setting up specialised centres in sectors including:
- Sports technology
- Media
- Hospitality
- Travel
- Capital markets
- Trading
- Utilities
- Energy
Sridhar Babu said Octave's decision to establish its technology and innovation centre in Hyderabad represents another endorsement of the city's emergence as a global technology and innovation hub.
Focus shifts to scaling engineering capabilities
The launch of the Hyderabad centre comes as technology companies continue to expand specialised engineering operations in India to support global product development and AI initiatives.
With plans to grow the facility to 2,000 engineers, Octave is positioning Hyderabad as a strategic centre for innovation, product engineering and advanced technology development. The expansion is expected to support the company's long-term growth ambitions while contributing to the continued evolution of Telangana's GCC ecosystem.