Infosys is well known for its startup investment related initiatives. Infosys’ Innovation Fund invests in early-stage startups demonstrating product market fit in the areas of machine intelligence, big data and analytics, infrastructure and cloud, collaboration and design, etc.
In May this year, the company formed a finance and investment committee to monitor and oversee all major investments that the company makes in new age startups as well as the acquisitions that the company pursues.
Continuing the efforts, Infosys has recently bought a minority stake in the Israel-based cloud computing startup Cloudyn. Cloudyn provides cloud optimisation solutions to its clients, including Fortune 500 leaders in manufacturing, consumer goods, financial services & technology through the use of operational and financial metrics.
The deal was closed at approx. INR 27 crores (USD 4 million). The investment comes at a time when Infosys is increasing sharpening focus on betting on newer areas of technology.
The investment comes at a time when India and Israel are strengthening their strategic partnership to promote startups in both the countries.
Cloudyn enables the enterprise to monitor & optimize hybrid cloud deployments by providing unprecedented insights derived from operational & financial metrics. The SaaS solution delivers visibility into usage, performance & cost, coupled with actionable recommendations for maximizing performance & streamlining clouds for accelerated growth. Cloudyn enables accountability through accurate chargeback and hierarchical cost entity management. Thousands of global customers rely on Cloudyn, including Fortune 500 leaders in manufacturing, consumer goods, financial services & technology.
- Carmel Ventures – Israel’s top-tier venture capital fund
- RDSeed – Investment arm of Rafael Development Corporation (RDC)
- Titanium Investments – Venture Firm with focus on high-tech companies