Wipro Ventures announces $150M Fund II to invest in enterprise startups [TechCrunch Blog]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: TechCrunch Blog
Wipro Ventures, the investment arm of one of India’s largest IT companies by market capitalization, said on Thursday it has raised $150 million for its second fund as it looks to invest in more enterprise startups and venture capitalist funds. As with its $100 million maiden fund in 2015, Wipro Ventures will use its second fund to invest in early and mid-stage startups worldwide that are building enterprise solutions in cybersecurity, analytics, cloud infrastructure, test automation, and AI, said Biplab Adhya, in an interview with TechCrunch. Through its maiden fund, Wipro Ventures invested in 16 startups and five VC funds. Adhya said two of its portfolio startups — including Demisto, which sold to Palo Alto for $560 million “We are pleased with the traction these startups are showing and the value we have added to Wipro, and we look forward to continuing this journey,” he said. Of the 16 startups Wipro Ventures has invested to date, 11 of them are based in the U.S., four in Israel, a
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