IT services firm Infosys has invested $15m in an as yet unnamed spinout of entertainment producer DreamWorks Animation, Business Standard has reported.
The investment is the first to be made from Infosys’ Innovation Fund since its size was increased to $500m last month.
Speaking at the Goldman Sachs Technology and Internet Conference, Vishal Sikka, CEO of Insosys, said: “They (the spinout of DreamWorks) have recently brought their amazing animation technology to industries like retail and so on. So we are the only investor in this company.”