Bengaluru, NFAPost: Infosys has agreed with TidalScale Inc, leading software-defined-server technology startup, to invest an additional sum of US$ 0.45 million taking the cumulative investment to US$ 3.45 million as of date.
Commenting on the investment, Infosys staes the company has agreed with TidalScale Inc, leading software-defined-server technology startup, to invest an additional sum of $ 0.45 million till date.
“The Company had invested $ 3.0 million, taking the cumulative investment to $ 3.45 million as of date, subject to necessary closing conditions,” the company said in a regulatory filing.
The investment is intended to be utilized for research and development, business development and working capital needs. The indicative time period for completion is expected to be completed in Q2 FY2022.
Earlier, the company had invested $1.5 million in 2016 and $ 1.5 million in 2018, taking the cumulative investment to $ 3.45 million. The percentage of shareholding is not exceeding 20% of the outstanding share capital of the company.
TidalScale’s software helps enterprises to virtualize server for faster deployment with reduced cost and improved in-memory compute performance in the private, public, and hybrid cloud environments.
Enterprises that are experiencing exponential growth in data see significant value in TidalScale’s offering. Founded in 2013 in California, USA, TidalScale is an early-entrant and market leader 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 ML to right-size the server automatically.
The software delivers in-memory performance for large or multiple database workloads requiring no changes to applications or OS and is deployable within minutes in private/public/hybrid cloud environment.
