Infosys invests in an US-based start up

Infosys, India's one of the largest IT firm has invested in TidalScale, US-based start up in an undisclosed amount.

TidalScale, the California-headquartered firm, creates computing architecture for costumers trying to solve large computing problems.

This is Bengaluru – based Infosys’s 10th investment in a startup from its U.S. $500 million startup fund, but this investment is only the third by Infosys this year. The pace of investments of Infosys on startups has considerably slowed down this year.

In a statement, Ritika Suri, Executive Vice-President of Corporate Development and Ventures, Infosys, said, "Among our client base, we see a need for inventive and cost-effective approaches to derive business value from big data, and our investment in TidalScale underscores our commitment to our clients to bring innovative new solutions across our platforms and offerings."

TidalScale is reported to have raised over 11 million USD in funding so far.

Gary Smerdon, CEO and President of TidalScale, said, "We believe this partnership with Infosys, a global leader in next-generation services, will provide significant value to our customers and help them easily expand the amount of data they are able to digest, analyse and act upon."