Infosys has invested 14.49 crore (DKK 14,920,000) in UNSILO, a Danish artificial intelligence startup focused on advanced text analysis. The announcement of the investment, which is being funded through Infosys' Innovation Fund, comes a week after the company invested an undisclosed amount in the US-based TidalScale. Infosys had set up the Innovation Fund in 2013. It beefed up the fund five-fold to USD 500 million in 2015 to provide financing to startups and new technologies like artificial intelligence.
UNSILO uses a unique combination of machine learning and natural language processing to analyze large quantities of text and improve the speed and effectiveness of knowledge workers across many industries.