Infosys invests Rs14.5 crore in Danish artificial intelligence start-up

Bengaluru: Infosys Ltd has invested 14.92 millon Danish krone (Rs14.5 crore) from its "innovation fund" in UNSILO, a Danish artificial intelligence start-up focused on advanced text analysis. The deal comes at a time when companies around the globe, including Infosys clients, are trying to find better ways to make sense of a large amount of unstructured text. UNSILO uses a unique combination of machine-learning and natural language processing to analyse large quantities of text. This is Infosys's 11th investment in a start-up from its $500 million innovation fund, its fourth in the calendar year. Indian IT firms have been increasingly investing in futuristic start-ups to get products based on new technologies faster to the market and serve the emerging needs of their customers.