ETtechMumbai: IT services provider Wipro’s corporate investment arm, Wipro Ventures, has invested an undisclosed sum in vFunction’s Series A funding round.
The investment is part of its strategic partnership with the Palo Alto-based startup, which has developed a scalable, AI-based technology platform for modernizing Java applications and accelerating migration to the cloud.
“We are proud to partner with vFunction to enhance our cloud offerings and provide clients with additional capabilities in a critical sector. Wipro is investing over $1 billion over the next three years to build out the capabilities of Wipro FullStride Cloud Services, and we are committed to working with partners and other industry leaders to deliver a cloud ecosystem that meets our clients’ needs,” said Ramachandran Padmanabhan, vice president, Wipro FullStride Cloud Services.
By transforming complex monolithic Java applications into microservices, vFunction makes it possible for enterprises to eliminate the time, risk, and cost constraints of modernizing business applications.
The joint offering, which combines the capabilities of Wipro FullStride Cloud Services with vFunction, will help clients across a range of sectors ease and accelerate their transition to the cloud.
“Wipro is an established leader in the cloud segment, and we are excited to partner with them to accelerate our joint customers’ journey to cloud-native architecture. As more and more businesses embrace the cloud to gain a competitive edge, this partnership will be critical in helping them realize the benefits of application modernization and moving to the cloud,” said Moti Rafalin, co-founder and CEO, vFunction.
The investment is part of its strategic partnership with the Palo Alto-based startup, which has developed a scalable, AI-based technology platform for modernizing Java applications and accelerating migration to the cloud.
The partnership is expected to add to Wipro’s FullStride Cloud Services’ portfolio of digital transformation solutions and help advance its commitment to accelerating cloud innovation for clients, the company said.
“We are proud to partner with vFunction to enhance our cloud offerings and provide clients with additional capabilities in a critical sector. Wipro is investing over $1 billion over the next three years to build out the capabilities of Wipro FullStride Cloud Services, and we are committed to working with partners and other industry leaders to deliver a cloud ecosystem that meets our clients’ needs,” said Ramachandran Padmanabhan, vice president, Wipro FullStride Cloud Services.
By transforming complex monolithic Java applications into microservices, vFunction makes it possible for enterprises to eliminate the time, risk, and cost constraints of modernizing business applications.
The joint offering, which combines the capabilities of Wipro FullStride Cloud Services with vFunction, will help clients across a range of sectors ease and accelerate their transition to the cloud.
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“Wipro is an established leader in the cloud segment, and we are excited to partner with them to accelerate our joint customers’ journey to cloud-native architecture. As more and more businesses embrace the cloud to gain a competitive edge, this partnership will be critical in helping them realize the benefits of application modernization and moving to the cloud,” said Moti Rafalin, co-founder and CEO, vFunction.
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