The Bengaluru-based IT services major Infosys said it will make an additional investment of USD 0.45 million in TidalScale Inc, taking its total investment in the software-defined-server technology startup to USD 3.45 million. Infosys has a minority holding, not exceeding 20% of the outstanding share capital of TidalScale.
“The company has agreed with TidalScale Inc, leading software-defined-server technology startup, to invest an additional sum of USD 0.45 million (till date, the company had invested USD 3 million), taking the cumulative investment to USD 3.45 million as of date), subject to necessary closing conditions,” Infosys said in a regulatory filing.
Founded in 2013, TidalScale is an early entrant in software-defined server technology. TidalScale’s software resides between hardware and operating systems to run a single virtual machine on multiple physical servers using machine learning to right-size the server automatically.
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TidalScale’s software is aimed at helping enterprises to virtualize server for faster deployment with reduced cost and improved in-memory compute performance in private, public, and hybrid cloud environments.
“Enterprises who are experiencing exponential growth in data see significant value in TidalScale’s offering. The investment is intended to be utilized for research and development (R&D), business development and working capital needs,” the filing said.
(With inputs from PTI)