Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment from its Innovation Fund in Mumbai based ideaForge, an Indian startup focused on Unmanned Aerial Vehicle (UAV) solutions. The total amount invested was 70 crores with participation from other investors as well.
“We are very excited to have Infosys as an investor and a partner for exploring UAV services and solutions for global customers. This partnership will play an important role in our industrial expansion to address a wide variety of data acquisition and analysis needs,” said Ankit Mehta, Co-founder and Chief Executive Officer at ideaForge.
ideaForge has built a world-class UAV solution featuring fully autonomous operation, cutting edge fail-safe technology, high endurance, image intelligence with live feed, and support for complex payloads such as thermal and high-resolution imagery.
ideaForge’s UAVs have been widely deployed by the Indian Armed Forces for surveillance, crowd monitoring and rescue operations, and offer a compelling solution for commercial applications in verticals such as energy, utilities, telecom and agriculture.
“ideaForge’s high performance UAVs, which have been designed and built in India, have significant potential in industrial use cases. We are looking forward to working with ideaForge and bringing their technology, expertise, and solutions to our clients to unlock new business insights from operational data that has previously been difficult to obtain,” said Ritika Suri, Executive Vice President & Global Head of Corporate Development & Ventures at Infosys.