Wipro Restricted has dedicated $200 million to its enterprise arm, Wipro Ventures, to speed up investments in early to mid-stage startups. That is the fourth spherical of funding since Wipro Ventures’ launch in 2015, highlighting the corporate’s decade-long give attention to supporting rising applied sciences.
The newest funding is predicted to strengthen Wipro Ventures’ position in fostering innovation throughout world startup hubs.
“Wipro Ventures is strategically positioned to take part in and contribute to technological innovation throughout startup hubs globally,” stated Srini Pallia, CEO & managing director of Wipro Restricted.
A Decade of Strategic Investments
Wipro Ventures was established to determine and put money into startups growing disruptive applied sciences that align with Wipro’s enterprise and consumer wants. Over the previous ten years, it has backed 37 startups in fields equivalent to AI, information analytics, cybersecurity, and cloud infrastructure. The enterprise arm has additionally facilitated the deployment of startup-driven options throughout greater than 250 Wipro clients worldwide and has seen 12 profitable exits.
Along with direct investments, it has allotted funds to a number of early-stage, enterprise-focused, and cybersecurity-themed enterprise funds in India, the U.S., and Israel.
The enterprise arm connects startups with Wipro’s enterprise shoppers, offering them with entry to a worldwide buyer base and enabling shoppers to leverage cutting-edge applied sciences.
With the brand new funding, Wipro Ventures goals to additional its efforts in figuring out high-potential startups and integrating their options into enterprise environments.
The funding aligns with Wipro’s broader technique of leveraging exterior innovation to boost its expertise choices and preserve a aggressive edge within the IT companies sector.
Wipro has been making massive investments within the AI sector, with agentic AI as its focus. Through the Q3 FY25 earnings name final month, Wipro chief Pallia acknowledged that the corporate plans to actively discover agentic AI in numerous sectors, equivalent to customer support and provide chain administration, within the upcoming quarters.
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