Infosys has agreed to make an additional investment of $0.45 million in TidalScale Inc, taking its total investment in the software-defined-server technology startup to $3.45 million. The investment is intended to be utilised for R&D, business development and working capital needs. The transaction is expected to be completed in the second quarter of FY2022.
Infosys has a minority holding, not exceeding 20 per cent of the outstanding share capital of TidalScale Inc. The Bengaluru-headquarterd company had invested $1.5 million in TidalScale Inc in 2016. In September 2018, Infosys had announced an additional $1.5 million (around Rs 11 crore) infusion into the startup through the Infosys Innovation Fund.
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