Friday, March 29

Infosys Invested $1.5M in a Data Discovery Firm

Infosys, an IT services major, said it made a second investment of $1.5 million in Waterline Data Science, which is a data discovery and data governance software provider company.

The Bengaluru-based company first poured $4 million in the US-based firm to obtain stakes in return back in January 2016.

After the recent investment, Infosys now holds a minority stake not exceeding 20% of the incredible share capital of the company, according to the company filing to the stock exchange. The investment will be fully completed by April 6, 2018.

Waterline is a firm that provides data scientists and business analysts with a self-service data catalogue to help discover, understand and provision data. Founded in December 2013, the company also gives an automated data inventory that allows easy data control across metadata, data quality and data lineage.

Back in 2015, Infosys provisioned a of $500 million Innovation Fund designed to invest in startups that work on big data & analytics, machine intelligence and other disruptive technologies. With this fund, Infosys has invested in 11 firms in 3 years.