Business

Infosys divests stake in Danish AI firm for $800,000

Unsilo is a AI firm focussed on advanced text analysis

Infosys divests stake in AI firm for $8 lakh

Infosys said it had completed the divestment of its shares in Unsilo A/S, a Danish artificial intelligence start-up focussed on advanced text analysis. On the minority investment made during 2016 in Unsilo A/S, Infosys said on January 28, 2020, it completed the divestment of its shares in Unsilo for a total consideration of almost $8,00,000, Infosys said in a regulatory filing on Tuesday. In November 2016, Infosys had invested Danish Krone 1,49,20,000 (about ₹15 crore) from its innovation fund in Unsilo, a firm that uses a unique combination of machine-learning and natural language processing to analyse large quantities of text and improve the speed and effectiveness of knowledge workers across many industries.

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Printable version | Feb 24, 2020 6:02:11 AM | https://www.thehindu.com/business/infosys-divests-stake-in-danish-ai-firm-for-800000/article30677396.ece

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