Infosys invests $2m in Danish AI startup UNSILO

Indian IT services major Infosys Ltd has invested DKK 14.92 million ($2.14 million) in UNSILO, a Danish artificial intelligence startup focussed on advanced text analysis, the company said in a stock market disclosure on Friday. The investment comes just within a week after the IT firm, through its innovation fund, backed US-based TidalScale. "UNSILO have built an impressive semantic search engine with best-in-class text intelligence, which powers a range of advanced business processes. We will partner with UNSILO to bring their artificial intelligence and machine learning technology to our global clients. They join and expanding portfolio of innovative young companies from around the world that Infosys works with to help enterprises drive their digital transformation," said Ritika Suri, executive vice-president & global head of corporate development & ventures at Infosys.