Infosys to invest additional sum of $0.45 mn in TidalScale Inc

Bengaluru, Aug 16 (UNI) 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.
“The company has agreed with TidalScale Inc, leading software-defined-server technology startup, to invest an additional sum of US$ 0.45 million (till date, the Company had invested US$ 3.0 million) taking the cumulative investment to US$ 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 R&D, 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 US$1.5 million in 2016 and US$ 1.5 million in 2018, taking the cumulative investment to US$ 3.45 million.
The percentage of shareholding is not exceeding 20 percent of the outstanding share capital of the company. TidalScale’s software helps enterprises to virtualize servers 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.
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 a private/public/hybrid cloud environment.
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