Cloudyn raises $4m from India's Infosys

Startups

India's second largest software company has taken a minority stake in the Israeli cloud optimizations company.

Israeli cloud optimization company Cloudyn has raised $4 million from Infosys, India's second largest software company, in exchange for a minority equity stake.

Based in Rosh Ha'ayin, Cloudyn was founded in 2011 by CEO Sharon Wagner, CTO Dr. Boris Goldberg and VP products Vittaly Tavor. The company raised $11 million last December in a financing round led by Carmel Ventures and has now raised $20.5 million to date including Infosys's investment. Cloudyn's single pane of glass approach provides clarity and actionable insights for optimal cloud management and the company's systems monitor and optimize cloud deployment for many Fortune 500 companies.

Infosys has had a major presence in Israel since buying enterprise software management company Panaya for $200 million in 2015. Nor is this Infosys's first investment in an Israeli startup since establishing its $500 million innovation investment fund. In December, Infosys invested in Israeli cloud recovery company CloudEndure.

RDC, the investment arm of Rafael Advanced Defense Systems and Elron Electronic Industries Ltd. (TASE: ELRN) were the first to invest in Cloudyn, when it was established.

Published by Globes [online], Israel business news - www.globes-online.com - on August 4, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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