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Wipro Ventures

Profile, fund size and portfolio

Parent Wipro LimitedHQ San Francisco, United StatesFounded 2015

Wipro Ventures is the corporate venture arm of Wipro Limited (IT services and consulting). It was founded in 2015 and is based in San Francisco, United States. It invests from Seed to Series B in artificial intelligence, cybersecurity, cloud infrastructure.

Assets under managementS3
USD 500M
Companies backedS2
37

Every figure links to its source

Snapshot

Investment stage: Seed to Series B
Data behind this graphic
Data behind this graphic
ItemValue
Stage rangeSeed to Series B
SectorsArtificial intelligence, Cybersecurity, Cloud infrastructure, Data and analytics, DevOps, Quality engineering
GeographyStartups in the US, India and Israel ; portfolio companies mainly US based
OfficesSan Francisco, United States

Sources: S1 Wipro Ventures page (about, portfolio cards with status and focus area); S2 Wipro press release: USD 200M committed to Wipro Ventures (2025-02-26).

Graphic 1 of 3

Investment stage: Seed to Series B

Investment stage: Seed to Series BBar showing Wipro Ventures invests from seed to series b. Sector chips: artificial intelligence, cybersecurity, cloud infrastructure, data and analytics, devops, quality engineering. Geography: Startups in the US, India and Israel ; portfolio companies mainly US based.Investment stage: Seed to Series BWipro VenturesSTAGEPre-seedSeedSeries ASeries BSeries C+GrowthLate stageSECTORSArtificial intelligenceCybersecurityCloud infrastructureData and analyticsDevOpsQuality engineeringGEOGRAPHYStartups in the US, India and Israel ; portfolio companies mainly US basedCorporateVentureCapital.comSources: S1, S2, listed on the profile
Data behind this graphic
ItemValue
Stage rangeSeed to Series B
SectorsArtificial intelligence, Cybersecurity, Cloud infrastructure, Data and analytics, DevOps, Quality engineering
GeographyStartups in the US, India and Israel ; portfolio companies mainly US based
OfficesSan Francisco, United States

Sources: S1 Wipro Ventures page (about, portfolio cards with status and focus area); S2 Wipro press release: USD 200M committed to Wipro Ventures (2025-02-26).

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Investments closed by outcome
Data behind this graphic
Data behind this graphic
ItemCompaniesShare
Active2559.5%
Exited1740.5%

Status as the firm tags it

Sources: S1 Wipro Ventures page (about, portfolio cards with status and focus area).

Graphic 2 of 3

Investments closed by outcome

Investments closed by outcomeDonut chart of companies by status on the firm's list: Active 59.5%, Exited 40.5%.Investments closed by outcomeWipro Ventures · Companies by status on the firm's list42COMPANIESActive59.5% 25Exited40.5% 17CorporateVentureCapital.comSource: Wipro Ventures page (about, portfolio cards with status and focus area)
Data behind this graphic
ItemCompaniesShare
Active2559.5%
Exited1740.5%

Status as the firm tags it

Sources: S1 Wipro Ventures page (about, portfolio cards with status and focus area).

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Scale and capital allocated
Data behind this graphic
Data behind this graphic
MeasureValueUnitKindSource
Headline sizeUSD 500MAssets under managementStated by the firm or its parentS3
Companies backed37companiesStated by the firmS2
Companies on the firm's portfolio page42companiesCounted from the firm's own listS1

Sources: S3 Wipro Ventures team page: Biplab Adhya; S2 Wipro press release: USD 200M committed to Wipro Ventures (2025-02-26); S1 Wipro Ventures page (about, portfolio cards with status and focus area).

Graphic 3 of 3

Scale and capital allocated

Scale and capital allocatedWipro Ventures headline size USD 500M, basis: Assets under management. Dot strip of 2 published counts: Companies backed 37; Companies on the firm's portfolio page 42.Scale and capital allocatedWipro VenturesUSD 500MASSETS UNDER MANAGEMENTCOMPANIES BY STATUS ON THE FIRM'S LIST, 42 COMPANIESACTIVE 25 · 59.5%EXITED 17 · 40.5%COUNTS THE FIRM AND ITS PAGES PUBLISH10100Companies backed37 companiesCompanies on the firm's portfolio page42 companiesStated by the firmCounted from a list or another sourceCorporateVentureCapital.comSources: S3, S2, S1, listed on the profile
Data behind this graphic
MeasureValueUnitKindSource
Headline sizeUSD 500MAssets under managementStated by the firm or its parentS3
Companies backed37companiesStated by the firmS2
Companies on the firm's portfolio page42companiesCounted from the firm's own listS1

Firms and databases count companies, rounds and investments differently.

Sources: S3 Wipro Ventures team page: Biplab Adhya; S2 Wipro press release: USD 200M committed to Wipro Ventures (2025-02-26); S1 Wipro Ventures page (about, portfolio cards with status and focus area).

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Where it invests and who leads it

Geography

Headquarters
San Francisco, United States
Offices
  • San Francisco, United States

Investment regionsS1S2

  • Startups in the US, India and Israel ; portfolio companies mainly US based

LeadersS4S3S5S7S9

Wipro Ventures on LinkedIn

Key facts

FactValueStatusSource
Parent companyWipro LimitedSingle sourceS2
Parent industryIT services and consultingSingle sourceS2
Founded2015Single sourceS1
HeadquartersSan Francisco, United StatesSingle sourceS10
StatusActiveSingle sourceS14
Capital sourceParent company onlySingle sourceS2
Headline sizeUSD 500M (Assets under management)Single sourceS3
Companies backed37Single sourceS2
People on the team page8Single sourceS1
StagesSeed, Series A, Series BSingle sourceS1

Portfolio

The firm's portfolio page lists 42 companies: 25 active, 17 exited.S1

Companies by status on the firm's list. Status as the firm tags itS1
TagCompaniesShare
Active2559.5%
Exited1740.5%

Shared portfolio with other corporate VCs

19 companies on the Wipro Ventures portfolio page also appear on the portfolio page of at least one other firm in this directory. Matched by company name across the firms' own lists.

FirmSharedCompanies in common
Dell Technologies Capital5Immuta, Moogsoft, Cloudknox, NetSpring, Skan AI
Intel Capital5Immuta, Avaamo, LILT, Tuskira, Vectra
Cisco Investments3Moogsoft, Arcade, Sealights
Hitachi Ventures2Ema, Lineaje
GV2Incorta, HeadSpin
Databricks Ventures1Immuta
Okta Ventures1Immuta
Prosus Ventures1Ema
Workday Ventures1Ema
M121Incorta
National Grid Partners1Incorta
Singtel Innov81Moogsoft

Companies backed by the most corporate VCs

Every company on the Wipro Ventures list

42 companies, as listed on the firm's own website: 25 active, 17 exited.S1 Read the firm's list.

Active 25

  • Altizon
  • Arcade
  • Arcee
  • Avaamo
  • Codoxo
  • CyCognito
  • Ema
  • Factory
  • Functionize
  • Immuta
  • Incorta
  • Kognitos
  • Lilt
  • Lineaje
  • Pay I
  • Riscosity
  • Securonix
  • Simbian
  • Skan AI
  • Tangibly
  • Tricentis
  • Tuskira
  • Vectra
  • vFunction
  • YugabyteDB

Exited 17

  • CloudGenix
  • CloudKnox
  • Demisto
  • Emailage
  • HeadSpin
  • Imanis Data
  • IntSights
  • Moogsoft
  • NetSpring
  • Qwiet AI
  • SeaLights
  • Skyramp
  • Spartan
  • Squadcast
  • SquareX
  • Vicarious
  • Vulcan Cyber

For founders

ItemWhat the firm saysSource
StagesSeed, Series A, Series BS1
Leads roundsNo. "strategic investment from Morgan Stanley and Wipro"S12
Beyond capitalAccess to Wipro's Global 1000 client base and business units; deployed in 250+ Wipro customersS1

Notable outcomes

IPOs and acquisitions of portfolio companies. Price shown only where published.

CompanyTypeYearAcquirer or exchangePriceSource
DemistoAcquisitionPalo Alto NetworksS3
IntSightsAcquisitionRapid7S3
CloudKnoxAcquisitionMicrosoftS3
CloudGenixAcquisitionPalo Alto NetworksS3
Vulcan CyberAcquisitionTenableS3

Fund vehicles

VehicleSizeYearNoteSource
Wipro Ventures initial fundUSD 100M2015Economic Times 2015: corporate venture arm backed with a USD 100 million fundS11
Fourth funding roundUSD 200M2025Press release 2025-02-26; the fourth round raised since 2015. Rounds two and three amounts not found.S2

Recent rounds

DateCompanyRoundAmountLed by the firmSource
Ascerta (fka Pay-i)Series AUSD 18MS14
Arcade.devSeries AUSD 60MS12
FactoryNot stated in Wipro releaseNot statedS13

History

  1. Wipro Ventures launched; Biplab Adhya and Venu Pemmaraju named to lead, with a USD 100 million fund (Economic Times, 4 February).S11
  2. Wipro commits USD 200 million in a fourth round (26 February); Ali Wasti joins as managing partner after Venu Pemmaraju retires.S2
  3. Factory partnership and round participation (January); Arcade Series A (June); Ascerta Series A (September).S13

Where sources disagree

  • Exits: 12 successful exits (press release 2025-02-26) (S2) vs 17 cards labelled Exited (portfolio page) (S1) vs 15+ exits involving Biplab Adhya (team page) (S3). Different dates and bases.S2S1S3
  • Companies backed: 37 startups (press release 2025-02-26) (S2) vs 42 portfolio cards (page, 2026-10-02) (S1) vs 40+ investments involving Biplab Adhya (team page) (S3). Different dates and bases; cards include some companies that are labelled fund or follow-on holdings.S2S1S3

Official pages

Read the firm's own pages for current information.

Sources

  1. S1Wipro Ventures page (about, portfolio cards with status and focus area)Firm
  2. S2Wipro press release: USD 200M committed to Wipro Ventures (2025-02-26)Parent company
  3. S3Wipro Ventures team page: Biplab AdhyaFirm
  4. S4Wipro Ventures team page: Ali WastiFirm
  5. S5Wipro Ventures team page: Angeline BarrozoFirm
  6. S6Wipro Ventures team page: Bijal VasantFirm
  7. S7Wipro Ventures team page: Gideon WilkFirm
  8. S8Wipro Ventures team page: Jason ChernFirm
  9. S9Wipro Ventures team page: Virinchi GurramFirm
  10. S10Mint: Wipro Ventures names Ali Wasti co-managing partner (2025-04-06)Press
  11. S11Economic Times: Pemmaraju and Adhya to lead Wipro's startup investments (2015-02-04)Press
  12. S12Arcade.dev blog: USD 60M Series A led by SYN Ventures (June 2026)Portfolio company
  13. S13Wipro press release: Wipro and Factory partnership, Wipro Ventures joins Factory round (2026-01-28)Parent company
  14. S14FinSMEs: Ascerta (fka Pay-i) raises USD 18M Series A (2026-09-30)Press
  15. S15Search result listing Biplab Adhya LinkedIn (Managing Partner, Wipro Ventures)Third-party report
  16. S16Search result listing Ali Wasti LinkedIn (Managing Partner, Wipro Ventures)Third-party report

Disclaimer and corrections

Not affiliated. This page is not affiliated with, endorsed by or sponsored by Wipro Ventures or any company named on it. Names and trademarks belong to their owners. Informational only. This is a public-source reference. It is not investment, legal or tax advice and not an offer or solicitation. Sources. Each figure names its source. Figures may have changed. Please read the firm's official pages, linked above. Corrections and takedown. To report an error or ask for a change or removal, use the correction form or email Richard@CorporateVentureCapital.com.

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