TidalScale is Infosys’s 10th investment in a start-up from its $500 million innovation fund
Infosys Ltd has invested an undisclosed amount to pick up a stake in TidalScale, a California-based start-up founded by Infosys chief executive Vishal Sikka’s former SAP colleague Ike Nassi.
TidalScale creates computing architecture for customers trying to solve large computing problems. This is Bengaluru-based Infosys’s 10th investment in a start-up from its $500 million innovation fund, though only the third this calendar year, even as the pace of investments in startups and buyouts has considerably slowed down.
Homegrown IT firms, including Infosys and Wipro Ltd, are tapping start-ups in an effort to get products based on new technologies faster to the market and serve the emerging needs of their customers.
“As a pioneer of SoftwareDefined Servers, TidalScale provides solutions that are extraordinarily simple to use, requiring absolutely no changes to existing operating systems, databases, or applications,” said Ritika Suri, executive vice-president of corporate development and ventures at Infosys.
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