Wipro Ventures into Vectra Networks
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.