From Vision to Reality

Wipro Ventures’ 10 Year Journey

Since our beginning in 2015, we have anchored our ethos around “value add” and strived to be the “connective tissue” between startups and our customers.

We understand that for startups, it’s all about responsible growth. Wipro Ventures’ ability to help them gain access to global clients and accelerate adoption of their solutions are key elements in driving a startup’s growth. For our customers, they want a trusted partner to navigate the ever-changing startup ecosystem, and our investments in and partnerships with startups gives them early access to disruptive technologies in a derisked model.

It is this dynamic that highlights our “value add” – it is unique, tangible and valuable – and over the last 10 years, we have deployed 800+ solutions across 250+ global customers!

We are thankful to our customers, entrepreneurs, co-investors and partners who have participated in and contributed to our growth and success. We look forward to our continued association to achieve even greater success in the next decade!

10 Years – A Story of Transformation

2015

Wipro Ventures Fund I is Launched – WIPRO announces $100M Commitment to Invest in Enterprise Software Startups 

Completed the first two investments – Imanis Data and Vicarious, two emerging startups that are pushing the boundaries of data management and artificial intelligence

2016

Entry into Cybersecurity and Investments in Industrial IOT and Conversational AI

First Conversational AI investment – Avaamo, First Cybersecurity investment – Vectra, First investment in Israel – IntSights, First investment in India – Altizon, First FinTech investment – Emailage

2017

Identifies Test Automation as a Growth Category

First growth-stage investment in Test Automation– Tricentis, SOAR as a new cybersecurity category – Demisto, Second investment in Test Automation – Headspin

2018

Investments in Diversified Portfolio

Completed investments in CloudGenix (SD-WAN), Cycognito (External Attack Surface Management) and Moogsoft (AIOps)

2019

Successful Exits and Investments in Data Analytics and Software Testing

First Exit – Demisto became a category leader in SOAR and is acquired by Palo Alto Networks…quickly followed by our second exit – Imanis Data is acquired by Cohesity, Investments in SeaLights and Incorta

2020

Fund II Launched – Wipro’s Board allocates a further $150M 

CloudGenix is acquired – Palo Alto Networks completes their second acquisition of a Wipro Ventures’ portfolio company, Emailage is acquired by Lexis-Nexis, Investments in CloudKnox (Multi-Cloud Permissions Management Platform) and Yugabyte (A distributed SQL database platform)

2021

A Year of Momentum – Six New Investments and Two Exits! 

Invested in 6 promising startups - Immuta, Vulcan, Functionize, NetSpring, Squadcast, and vFunction, CloudKnox is acquired by Microsoft and IntSights, our first Israeli investment, is acquired by Rapid7

2022

Emerging Technology Fund (ETF) Launched - $50M Fund to invest in early-stage startups 

Four new investments to focus on the key areas of large language models (LLMs), cloud-native security analytics, security testing and computer vision applications: Lilt, Securonix, Qwiet AI, and Kibsi

2023

Vertical SaaS Solutions, AI/GenAI and Cybersecurity Investments continue to take Center Stage.

Six new investments - Vertical SaaS – Codoxo [Healthcare], Spartan Radar [Automotive Radar], Tangibly [LegalTech], GenAI/AI – EMA, Kognitos, Cybersecurity – Riscosity. Exits – Vicarious is acquired by Alphabet and Moogsoft acquired by Dell

2024 - 25

Focus on Early-stage Investments

Invested in Software Supply-chain Security and GenAI-enabled SOC Automation solutions - Strengthening Software Supply-chain Security - Lineaje, SOC Automation Investments – Simbian and Tuskira. Year of Consolidation by Large ISVs – Exits for Headspin, NetSpring, SeaLights, and Vulcan Cyber