Investment spree nets US big data startup
MUMBAI — With a $4-million stake in Delaware-based Waterline Data Science, Infosys, India’s second largest software services exporter, has announced its seventh investment in a startup since setting up an innovation fund in early 2015. Infosys will pick “a minority holding, not exceeding 20%, of the outstanding share capital of the company”, it said. The investment will be completed by Feb 4. “We see a need for automated data discovery solutions like Waterline Data Science in helping our clients achieve greater business value from their big data assets,” said Ritika Suri, Infosys’s senior vice president for corporate development. He said the investment underscored a commitment to bringing “innovative data science solutions across our platforms and offerings”. Founded in 2013, Waterline Data is backed by Menlo…
Link to Full Article: Investment spree nets US big data startup
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