SVB Financial Group (SVB) announced the opening of a new location in Bangalore, India, creating jobs and adding to its growing technical team. The new IT and operations group, SVB Global Services India LLP, will house full-time technical and engineering teams to help SVB scale and accelerate the development of new and expanded technology projects and services. SVB Global Services India LLP is a non-banking subsidiary of SVB Financial Group. Silicon Valley Bank offers diversified financial services to companies in the innovation economy and their investors. These companies range from startups to multi-million dollar corporations in technology and healthcare sectors looking to do business in the US and internationally. SVB works with approximately 50% of all venture capital-backed companies in the US. SVB is hiring engineers, system architects, and analysts in multiple locations and plans to hire full–time employees in Bangalore in 2019 who will work on projects and initiatives including product design, development and support for core functional areas of SVB's business. The Bangalore-based team will work with counterparts in the US to implement new platforms and technologies for the company's technology and healthcare clients.