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Infosys Invests $4M in Israeli Cloud Computing Startup Cloudyn

Infosys Invests $4M In Israeli Cloud Computing Startup Cloudyn

Infosys has announced an investment of $4 million in an Israel based Cloud Computing Startup, Cloudyn. Incorporated in 2011, Cloudyn enables the enterprise to monitor and 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 and streamlining clouds for accelerated growth.

Infosys picks minority stake in companies which are engaged with next generation technologies. This is the second investment by Infosys in an Israeli startup. In December, 2015, it had invested $4 million in CloudEndure that provides cloud migration and cloud-based disaster recovery software.

Infosys has already created a $500 million Innovation Fund to invest in entrepreneurial Venture. Over the past year and a half, the company has invested in a bunch of early-stage startups such as Trifacta, Waterline Data, WHOOP, CloudEndure, ANSR Consulting and Airviz Speck and spent at least $43 million from its $500-million venture fund in making these investments.

Bangalore-based Infosys is also currently in early-stage talks to invest anywhere between $10 million – $15 million in an Indian venture capital fund, Stellaris Venture Partners, which was launched by a team of venture capitalists, who are aiming for a final corpus of $100 million from both local and global investors, as per reported by ET on Wednesday.

In December 2015, it backed Silicon Valley-based early-stage venture capital firm Vertex Ventures.

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This post first appeared on Tech, Startups & Entrepreneurship News India, please read the originial post: here

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Infosys Invests $4M in Israeli Cloud Computing Startup Cloudyn


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