Infosys invests $4 million in Israeli firm Cloudyn

August 4, 2016

India’s second largest software exporter InfosysBSE -0.54 % has backed an Israel-based cloud computing startup called Cloudyn Ltd and picked up a minority stake for $4 million, at a time when chief executive Vishal Sikka is attempting to drive up growth in the company’s traditional outsourcing business, while also balancing futuristic bets on newer areas of technology.

Cloudyn, which monitors and optimizes cloud deployments of top Fortune 500 companies, also counts the likes of Israel-based Carmel Ventures and Titanium Investments as existing investors. According to CrunchBase, Cloudyn had raised roughly $16.5 million in three rounds, prior to the latest investment from Infosys. SOURCE:

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