Infosys Ltd has invested $4 million to pick up a minority stake in Cloudyn Ltd, an Israeli company that makes software for monitoring and optimizing cloud computing, marking the Bengaluru-headquartered firm’s second investment in an Israel-based cloud-computing start-up from the company’s $500 million innovation fund.
Last year, Infosys invested $4 million to pick a minority stake in Cloud Endure Ltd, an Israeli-based start-up, which offers solutions to help large companies move applications to cloud and cloud-based Disaster Recovery software.
Cloudyn’s software helps chief information officers at large enterprises keep a tab and manage the usage of cloud computing when bought from service providers like Amazon Web Services.
Privately-held Cloudyn, which was founded in 2011, is estimated to have revenue of $3 million and counts many Fortune 1000 firms as its customers.
Infosys expects to complete the transaction by 15 August.
Besides its investment in two cloud-computing start-ups, Infosys’s Innovation fund has also picked minority investments in two data-analytics startups, including Trifacta and Waterline Data Science Inc. Trifacta applies machine learning technologies to help data scientists understand data better, while the Delaware-based Waterline helps companies make sense of large data sets.