Persistent Venture Fund kicks off with Ustyme investment

Dec 10, 2013 • Quentin Carruthers

Indian software company launches SMAC-focused fund and makes inaugural investment in video call app Ustyme.

Persistent Systems, an India-based software product and technology services company, has launched Persistent Venture Fund, an early-stage, seed capital investment fund focused on supporting innovation across the globe in social, mobile, analytics and cloud computing (SMAC) technologies.

The fund’s inaugural investment is Ustyme, a US-based, free video-call app for iPad that creates “shared experiences around rich content like books and games”.

Sridhar Jagannathan, head, Persistent Venture Fund, said: “The Persistent Venture Fund enables innovative companies like ustyme to not only…

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