For new startups in Silicon valley its IT Gaint Infosys to invest
Infosys -the $9-billion IT giant is planning to partner with Silicon Valley’s venture capital firm 500 Startups by investing in one of its funds. This will be Infosys second investment in a VC firm. Infosys will co invest with 500 startups fund to identify technology startups making strides in digital transformation.
Infosys has dwelled a lot in automation and artificial intelligence and by leveraging on the mindset of silicon valley.
Sometime back Infosys has invested in an Israeli startup Cloud Endure which specialises in cloud based disaster recovery software.
It has created a $500 million innovation fund to invest in innovative startups.Air wiz, ANSR,Consulting and Dream works have already been funded out of it.
Infosys has joined Tesla motor’s CEO ,PayPal co-founder ,Amazon and many other Silicon valley’s honcho’s to commit $1 billion Open Al, a non-profit artificial intelligence research company.