Infosys invests additional $1.5 mn in data discovery firm

BENGALURU: IT services major Infosys said it has made an additional investment of $1.5 million in Waterline Data Science, a data discovery and data governance software provider firm, through the Infosys Innovation Fund.

Earlier in January 2016, the Bengaluru-headquartered company had spent $4 million to pick up stake in the US-based firm.

With this investment, Infosys has a minority holding not exceeding 20% of the outstanding share capital of the company, said the company in a filing to the stock exchange.


Originally incorporated in December 2013, Waterline provides data scientists and business analysts with a self-service data catalogue to help discover, understand and provision data. It also gives an automated data inventory that enables agile data governance across metadata, data quality and data lineage, said Infosys in the statement.

The additional investment is expected to be completed by April 6, 2018.

Infosys earmarked a $500 million Innovation Fund in 2015 for investments in startups that work on big data & analytics, machine intelligence and other disruptive technologies. It has so far invested in 11 such firms.