Wipro is committing $200 million fresh Investment in its
venture arm, Wipro Ventures, in its latest round of funding. This is the fourth
round of funding raised by Wipro Ventures since its inception 10 years ago and
is aimed at accelerating the company’s investments in early- to mid-stage
startups.
Wipro Ventures was founded in 2015 to identify and invest in
high-potential early-stage startups that are at the forefront of technological
innovation and that allow Wipro to deliver differentiated value to clients. The
Wipro Ventures team connects Wipro and its clients to a global ecosystem of
startups working on disruptive technologies, enabling Wipro’s clients to access
latest innovations, while providing startups with access to a global network of
enterprise customers.
In its 10 years of operation, Wipro Ventures has invested in
37 startups in areas such as artificial intelligence, data & analytics,
cybersecurity, and cloud infrastructure, deployed solutions across 250+ Wipro
customers globally and had 12 successful exits. In addition to making direct
equity investments, Wipro Ventures has also invested in several early-stage,
enterprise-focused and cybersecurity-themed venture funds in India, the US, and
Israel.
Wipro is a leading global information technology, consulting and business process services company.
Source: Ace Equity
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