Infosys announced on September 19 that it will invest Rs 17 crore ($2 million) in GalaxEye, a spacetech startup developing multi-sensor satellites and synchronization platforms. The investment, through Infosys' Innovation Fund, will be in equity and Series A compulsory convertible preference shares, giving Infosys a minority stake of up to 20% in GalaxEye. This strategic partnership aims to leverage AI and DeepTech innovations to enhance Infosys' capabilities in helping clients navigate business transformations. The deal is expected to close by September 30, 2024.