Bangalore-based Infosys on Friday announced that it has invested Rs 14.5 crore (DKK 14,920,000) in a Danish-based artificial intelligence start-up UNSILO. The investment is done through Infosys innovation fund.
“Directionally this is a brilliant investment given the fact a lot of enterprises are using text analytics. But we have to see its scalability considering the large number of clients Infosys caters to. Also, immediate monetisation from UNSILO may not happen,” Sanchit Vir Gogia, chief analyst and chief executive of Greyhound Research said.
Source: Business Standard