Infosys invests $4 mn in Israel's Cloudy

Cloudy is the seventh investment for CEO Vishal Sikka, who has built a $500 mn war chest to invest in startups

Infosys invested $4 million to pick a minority stake in Israel's cloud management and optimisation startup Cloudy, helping it access technology and skills to get it to customers transitioning from legacy infrastructure to the cloud.

The investment in Cloudy is part of CEO Vishal Sikka's strategy to look at investments in high technology startups in US and Israel, which it can leverage to offer its services to its global customers. Cloudy is the seventh investment for Sikka, who has built a $500 million war chest to invest in startups to access technologies that would help Infosys grow in a non-linear way to achieve his vision 2020 target.

Infosys has invested in firms such as ANSR Consulting in India and firms such as Waterline data, WHOOP and CloudEndure.

Infosys has so far invested in seven early-stage ventures -- including India's ANSR Consulting and US-based startups such as Waterline Data, Trifacta, and CloudEndure. It has made investments in a venture capital firm Vertex Ventures. On Wednesday, the Economic Times newspaper reported that Infosys plans to invest $15 million in Stellaris Venture Partners, which focuses on new investments in Indian startups.