India, Sept. 30 -- Vigyanlabs is targeting 10X growth as demand for on-premises artificial intelligence (AI) infrastructure rises, with the company having raised an internal funding round to support expansion and considering an initial public offering (IPO) in the next three to four years, its CEO and founder Srinivas Varadarajan told Dataquest.

The Mysuru-based company, which builds AI infrastructure systems and energy-efficiency solutions for data centres and enterprise IT, said customer demand is moving towards higher-capacity, more expensive systems than it had initially anticipated. Varadarajan said businesses are increasingly looking to keep AI models and data within their own infrastructure, amid concerns about control over critic...