After investing $15 million in Indian VC firm Stellaris Venture Partners, Infosys is back with yet another investment, thi stime in an Israeli cloud computing firm, Cloudyn. The Israel based cloud computing startup has raised $4 million from Infosys and the deal is expected to close by August 15.
Interestingly, this is the second investment by Infosys in an Israel-based cloud computing company. Last year, the company had invested around $4 million in CloudEndure, a startup providing cloud migration and cloud-based disaster recovery software. Infosys also bought Israel-based enterprise software management company Panaya for $200 million in 2015.
Founded in 2011 by Sharon Wagner, Dr. Boris Goldberg and Vittaly Tavor, Cloudyn enables enterprises to monitor and optimize hybrid cloud deployments by providing unprecedented insights derived from operational & financial metrics.
It gives visibility into usage, performance & cost, coupled with actionable recommendations for maximizing performance and streamlining clouds for accelerated growth. It also enables accountability through accurate chargeback and hierarchical cost entity management.
The company is monitoring and optimizing cloud deployments of top Fortune 500 companies. It also counts the likes of Israel-based Carmel Ventures and Titanium Investments as it’s existing investors. Prior to this round, Cloudyn had raised around $16.5 million in three rounds.
Infosys has set aside a fund of $500 million called Innovation Fund. The company is using the fund to invest in relevant startups. Till now, it has spent more than $40 million from the fund and has directly invested in eight startups.
Over the past year and a half, it has invested in a bunch of early-stage startups — most outside of India, including Trifacta, Waterline Data, WHOOP, CloudEndure, Airviz Speck, ANSR Consulting, and Nova.
The Infosys Innovation Fund was launched in 2015 with an aim to invest in entrepreneurial ventures delivering innovation in domains relevant to the company’s core business.
It aspires to amplify start-ups that build purposeful solutions while being steered by innovators who share the same mindset as of Infosys – nurturing deep client relationships with an unwavering commitment to ethics and mutual respect.