Wipro Ventures, the strategic investment arm of Wipro Limited, (NYSE:WIT, BSE: 507685, NSE: WIPRO))), a leading global information technology, consulting and business process services company, today announced the closing of its $150 million Fund II. 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 has become an integral part of our innovation ecosystem,” said Abidali Z Neemuchwala, Chief Executive Officer and Managing Director, Wipro Limited. “Our strategy has been to invest in promising enterprise software startups, establish strategic partnerships with them and bring their leading-edge solutions to our customers. By doing this, we differentiate our customer services, generate revenue for our portfolio companies and deliver strategic as well as financial returns to Wipro. Wipro Ventures' Fund II demonstrates our continued commitment to this strategy.” 

Wipro Ventures is the strategic investment arm of Wipro Ltd. (NYSE:WIT) and focuses on investing in early-to mid-stage startups. The venture arm leverages Wipro's global reach and market knowledge to accelerate the growth of its portfolio companies. Wipro's broad customer base of Global 1000 clients provides a better understanding of customer needs and market trends, providing valuable guidance to portfolio companies. For more information, please visit https://www.wipro.com/en-US/innovation/ventures/.

Wipro Limited (NYSE:WIT, BSE: 507685, NSE: WIPRO))) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 175,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.