Bengaluru: In a move that the Indian IT major continues to pick minority stake in companies which are engaged with next generation technologies, Infosys has announced an investment of $4 million in an Israel based start-up called Cloudyn.
Infosys has already created a $500 million Innovation Fund to primarily invest in start-ups. The Fund will be used to invest in young companies innovating in next-generation solutions and technologies. This the second investment by Infosys in an Israeli start-up. In December, 2015, Infosys had announced an investment of $4 million in CloudEndure that provides cloud migration and cloud-based disaster recovery software.
Incorporated in 2011, Cloudyn provides software as a service (SaaS) solution in the area of hybrid and multi-cloud deployments.