Infosys to invest $10m in AI-focused targeting startups
Infosys, which is the second largest IT company of India is now making a Limited Partner style investment in the US-based AI focused venture capitalist fund, The House Fund II LP.
- As a part of the deal, Infosys will pick up the minority stake in The House Fund II for $10 Million.
- As of now, it has invested in more than 50 startups which includes the AI, machine learning and data analytics.
- Infosys has made the LP bets wits its $500 Million startup fund, that is the Infosys Innovation Fund.