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Wipro Ventures announces $150 mn Fund II to invest in enterprise software start ups

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Wipro Ventures, the strategic investment arm of Wirpo, announced the closing of its $150 million Fund ll.

Buoyed by the success of its first $100 million fund launched in 2015, Wipro Ventures will continue to invest in early to mid-stage companies building innovative enterprise software solutions across key areas, including cybersecurity, application development, analytics, cloud infrastructure, test automation, and AI.

Wipro Ventures, managed by Biplab Adhya and Venu Pemmaraju, has so far invested in 16 early to mid-stage start ups, including 11 in the US, 4 in lsrael and 1 in lndia. More than 100 of Wipro's global customers have benefited by deploying solutions from these portfolio companies.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 16 2020. 18:58 IST