Wipro's strategic investment arm has followed its $100m first fund with a second one, having backed 16 companies and exited two.
Wipro Ventures, India-based IT services firm Wipro’s corporate venture capital unit, launched its $150m second fund yesterday, a 50% increase from its first vehicle.
The unit formed its $100m first fund in 2014, making its first investment early the following year. It targets early-to-mid stage companies developing technologies in areas such as cybersecurity, data, cloud infrastructure and app development.
Wipro Ventures has built a 16-strong portfolio including cybersecurity software providers Vectra AI and IntSights in addition to…
