Wipro's Tech Accelerator: $200M to Shape the Next Generation of Innovation

Wipro has allocated $200 million to its venture arm, Wipro Ventures, marking its fourth round of funding since the initiative began ten years ago. This new investment is aimed at further boosting Wipro’s support for early- to mid-stage startups that are driving technological innovation.

“Wipro Ventures is strategically positioned to engage with startup ecosystems around the world and drive forward innovation,” said Srini Pallia, CEO & Managing Director of Wipro Limited. “This investment further underscores our commitment to empowering startups to scale, innovate, and collaborate with the IT services sector to create a global impact.”

Launched in 2015, Wipro Ventures specializes in investing in high-potential startups in the fields of artificial intelligence, data & analytics, cybersecurity, and cloud infrastructure. Over the years, it has supported 37 startups, facilitated technology adoption across 250+ Wipro clients, and achieved 12 successful exits, including CloudKnox (acquired by Microsoft) and CloudGenix (acquired by Palo Alto Networks).

Beyond direct investments, Wipro Ventures has also supported early-stage, enterprise-focused, and cybersecurity venture funds in India, the US, and Israel. Industry leaders, such as Jay Leek, Co-Founder & General Partner at SYN Ventures, have lauded Wipro Ventures for its critical role in shaping the startup ecosystem, highlighting its ability to help startups stay competitive and achieve sustained success.

News by Rahul Yelligetti.