Wipro Invests in a Silicon Valley based Cyber security Startup
The $100 million venture capital, Wipro Ventures picked up minority stake in Vectra Networks based in Silicon Valley.
Incorporated in year 2011, Vectra Networks is a Silicon Valley-based cyber security startup that focuses on the Advanced Persistent Threat domain. Wipro Venture, the third largest software exporter of India has invested for a minority stake in Vectra Network. The investment is estimated to be between $1 million to $10 million. However, the exact investment amount remains undisclosed.
Vectra has built a technically advanced platform that prevents cyber attacks with help of a huge professional and qualified team of data scientists, network security engineers and user interface designers. It is headquartered in San Jose, California. The company is backed by investors such as Khosla Ventures, Accel Partners, Intel Capital and DAG Ventures.
Wipro is moving hand in hand with its competitor Infosys, who also has recently invested in Trifacta, a Silicon Valley based startup that enables non-technical users to clean up and transform data for analysis in an easier way. It is foreseen that Wipro has plans to enter the cyber security industry in collaboration with Vectra.
Wipro Ventures has previously invested in startups including big data startup Talena, artificial intelligence startup Vicarious and Pune-based Altizon, which has built a new-age Internet-of-Things powered platform.
- Wipro Venture picks up minority stake in Vectra Networks.
- Incorporated in the year 2011, Vectra Networks is a cyber security startup located in Silicon Valley.