Wipro Ven­tures into Vec­tra Net­works

The Economic Times - - Disruption: Startups & Tech - Anir­ban.Sen

Ben­galuru: Wipro Ven­tures, the $100-mil­lion ven­ture cap­i­tal arm of Wipro, has in­vested an undis­closed amount for a mi­nor­ity stake in Sil­i­con Val­ley-based cy­ber­se­cu­rity startup Vec­tra Net­works, ac­cord­ing to an ex­ec­u­tive di­rectly fa­mil­iar with the mat­ter.

Vec­tra, which was in­cor­po­rated in 2011, boasts of the likes of Khosla Ven­tures, Ac­cel Part­ners, In­tel Cap­i­tal and DAG Ven­tures as its mar­quee in­vestors. Vec­tra, which has built a next-generation plat­form that helps prevent cy­ber at­tacks, em­ploys a siz­able team of data sci­en­tists, net­work se­cu­rity en­gi­neers and user in­ter­face de­sign­ers. When con­tacted, a Wipro spokesper­son con­firmed the latest in­vest­ment from Wipro Ven­tures. Wipro, how­ever, did not dis­close the ex­act amount it has in­vested in Vec­tra. Typ­i­cally Wipro’s startup in­vest­ments have ranged from any­where be­tween $1 mil­lion and $10 mil­lion. “Vec­tra Net­works is a startup fo­cused on the Ad­vanced Per­sis­tent Threat do­main. Wipro com­pleted this in­vest­ment in March 2016,” a Wipro spokesper­son said in an email to ET.

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