Infosys has made an investment of R14.5 crore in a Denmark-based artificial intelligence start-up , Unsilo. Founded in 2012, this Danish company is focused on solutions in the area of advanced text analysis. Infosys has earmarked $500 million for its innovation fund which invests in start-ups across the globe. Of this, $250 million has been set aside for start-ups in India.
“We will partner with Unsilo to bring their artificial intelligence and machine learning technology to our global clients. They join and expanding portfolio of innovative young companies from around the world that Infosys works with to help enterprises drive their digital transformation,” said Ritika Suri, executive vice president & global head of corporate development & ventures at Infosys.
“Pairing our ground-breaking technology with Infosys’ deep client relationships and strong capabilities in project delivery and go-to-market will give us a unique opportunity to bring our services to several new industries and expand globally far more quickly,” said Thomas Laursen, chief executive officer at UNSILO.
The Danish minister for foreign affairs, Kristian Jensen, welcomed Infosys’ support of the Danish innovation ecosystem.