Wipro Ventures, the corporate venture arm of India-based IT giant Wipro, has raised $150 million for its second namesake vehicle. The fund will be used to help the firm continue investing in tech companies, with a specific focus on verticals such as cybersecurity, financial services and cloud infrastructure. Founded in 2015, Wipro Ventures raised a reported $100 million for its inaugural fund. The firm has backed 16 startups to date.
From the Wipro website:
Wipro Ventures bridges the gap between emerging startups and enterprise customers. Established in 2015 as the strategic investment arm of Wipro Limited, we invest in early to mid-stage companies building innovative enterprise software solutions. As a leading technology services provider and trusted advisor to Global 1000 enterprises, we provide our portfolio companies access to a broad customer base across the world. Wipro’s deep relationships with Global 1000 clients gives us a better understanding of customer needs and market trends, enabling us to provide valuable guidance to our startup partners.