Infosys acquires minority stake in healthcare deep-tech firm 4baseCare for Rs 8 crore

Infosys Innovation Fund seeks to partner with AI and DeepTech startups such as 4baseCare to complement its capabilities and jointly co-create next-generation solutions bringing the power of innovation to help Infosys’ clients navigate their business transformation

IT major Infosys on Friday announced that it has agreed to invest in Healthcare and Life Sciences startup, 4baseCare Rs 8.3 Crores (approximately US$ 1.0 million) as part of Infosys Innovation Fund.

In a regulatory filing, Infosys said,”4baseCare provides unique precision oncology solutions leveraging diverse genomic and clinical data.” “The population specific datasets generated by them powered by tech-driven AI and Analytics solutions has immense potential to improve cancer diagnosis, treatment, drug discovery and development across Healthcare and Life Sciences ecosystem, improving lives.”

“Infosys Innovation Fund seeks to partner with AI and DeepTech startups such as 4baseCare to complement its capabilities and jointly co-create next-generation solutions bringing the power of innovation to help Infosys’ clients navigate their business transformation,” the filing further added.

“A minority holding, not exceeding 20% of the outstanding share capital of the company,” Infosys further said.

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