Infosys aims to co-create next-generation solutions leveraging AI and Deep Tech to assist clients in their business transformation efforts through this partnership. The information technology company has invested €5 million for a minority stake in the German venture capital fund UVC Partners. The investment will be made incrementally over an approximate five-year period as capital is called. 

“The Infosys Innovation Fund aims to partner with UVC’s ecosystem and startups to complement its capabilities and co-create next-generation solutions,” the company announced in an exchange filing. These solutions will utilize artificial intelligence and Deep Tech to support clients in their business transformation initiatives. 

Infosys highlighted that Germany is a strategic market for the company, and UVC is a leading early-stage venture capital firm investing in disruptive startups within the German and European ecosystems. “AI and Deep Tech are rapidly evolving and are crucial to Infosys’ strategy, with increased usage across its clients for creating intelligent products, experiences, and business transformations,” the company stated in a press release. 

Infosys has acquired a minority stake, not exceeding 20 percent of the fund size, in an all-cash deal. The investment in the new fund, UVC Fonds IV GmbH & Co. KG, will be made through Infosys Germany GmbH, a wholly-owned subsidiary of Infosys. 

UVC’s focus areas include AI, software, deep tech, space tech, semiconductors, quantum computing, robotics, decarbonization, nuclear fusion, hydrogen, and mobility. Infosys noted that UVC has access to industrial networks and talent from a leading European technical university, UnternehmerTUM, with which UVC has an exclusive partnership. 

Read More: Click Here