Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today has made an investment of undisclosed amount from its Innovation Fund in ideaForge. in ideaForge will use the funds in R&D and business development.
ideaForge is an Indian startup focused on Unmanned Aerial Vehicle (UAV) solutions. The company claims that it has built a UAV solution featuring fully autonomous operation, cutting edge fail-safe technology, high endurance, image intelligence with live feed, and support for complex payloads such as thermal and high-resolution imagery.
ideaForge’s UAVs have been widely deployed by the Indian Armed Forces for surveillance, crowd monitoring and rescue operations, and offer a compelling solution for commercial applications in verticals such as energy, utilities, telecom and agriculture.
Ankit Mehta, Co-founder and Chief Executive Officer, ideaForge is excited about the partnership and believes that this partnership will play an important role in their industrial expansion to address a wide variety of data acquisition and analysis needs.
“ideaForge’s high performance UAVs, which have been designed and built in India, have significant potential in industrial use cases. We are looking forward to working with ideaForge and bringing their technology, expertise, and solutions to our clients to unlock new business insights from operational data that has previously been difficult to obtain,” said Ritika Suri, Executive Vice President and Global Head of Corporate Development and Ventures, Infosys.
The investment is subject to receipt of regulatory approvals and customary closing conditions.