[Funding alert] Infosys to invest $1M in ideaForge Technology

[Funding alert] Infosys to invest $1M in ideaForge Technology
In 2016, Infosys had announced investing in ideaForge, an Indian start-up focused on unmanned aerial vehicle or UAV solutions (drones).
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IT services major Infosys on Thursday said it will invest an additional $ 1 million (about Rs 7.2 crore) in
ideaForge Technology, a UAV systems manufacturing company.
In 2016, Infosys had announced investing in ideaForge, an Indian start-up focused on unmanned aerial vehicle or UAV solutions (drones).
"The company has agreed with ideaForge Technology...to invest an additional $ 1 million (earlier, the company had invested $ 1.5 million in 2016) taking the cumulative investment to $ 2.5 million as of date, subject to necessary closing conditions," Infosys said in a regulatory filing.

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