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Infosys eyes space tech sector with strategic investment in GalaxEye | Mint

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Infosys, the global IT services company, has announced plans to invest up to ₹17 crore ($2 million) in space tech startup GalaxEye Space Solutions. This marks Infosys' entry into the space technology sector. The investment will be made through a combination of equity and series A compulsory convertible preference shares, and is expected to be completed by September 30. GalaxEye specializes in developing multi-sensor satellites and synchronization platforms with applications in defense, insurance, logistics, and more. Additionally, Infosys has extended its collaboration with Posti, a delivery and logistics services provider in Finland, Sweden, and the Baltics, focusing on enhancing customer experience and operational efficiency through AI-powered solutions.