Infosys invests million in US-based start-up Waterline Data Science

Last Modified: Thu, Jan 28 2016. 01 18 PM ISTThe deal could help Infosys generate revenue from clients who want to make sense of data sets held in Hadoop, a large open source big data repository Bengaluru: Infosys Ltd has bought a minority stake in Waterline Data Science Inc., a start-up based in Delaware, US, which helps companies make sense of large data sets, for $4 million. Infosys investment allows it to have “a minority holding, not exceeding 20% of the outstanding share capital of the company” and it expects to close its investment by 4 February, the company said on Thursday. Waterline Data Science is backed by former LinkedIn executive Dipchand “Deep” Nishar, and Menlo Ventures and Jackson Square Ventures (formerly Sigma West). The deal, which marks the Indian…


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