After starting this month with an undisclosed investment in TidalScale, a company with software-defined servers that delivers in-memory performance at any scale with self-optimization using standard hardware for compatibility with all applications and operating systems, Infosys had invested around Rs.14.49 crore in UNSILO, a Danish artificial intelligence start-up focused on advanced text analysis.
As per a Press release, Infosys has signed a definitive agreement to a limited Partner investment of Rs 31.6 crores from its Innovation Fund in Stellaris Venture Partners, an early stage fund management company based in India.
Innovation Fund was set up in 2013 to finance start-ups and new technologies with an expanded capital of $500million. Till now they have invested in ventures like Cloudyn, Trifacta, Waterline Data, Whoop, CloudEndure, Speck, ANSR Consulting, Vertex Ventures and Nova.
The Investment Team at Stellaris has significant experience with global technology companies with investments made in Taxisforsure, Bigbasket, ShopClues, Axtria, TFS (acquired by Ola) and many more. Their Investment focus areas include global SaaS applications for Indian SMBs and consumers in large verticals such as healthcare, education, financial services and retail.
Alok Goyal, co-founder at Stellaris, has expressed his excitement to partner with Infosys and mentioned that, “India has a vibrant technology startup ecosystem today that has the potential to create breakthrough companies on a global scale”. Rahul Chowdhari and Ritesh Banglani are the other two major partners of Stellaris Venture Partners.
This investment is said to be completed by the end of 2016.
Infosys on a MAJOR INVESTMENT Spree
