Wipro puts $1.5 million in Israeli cybersecurity startup

Software exporter Wipro has picked up a minority stake in Israeli cybersecurity startup IntSights Cyber Intelligence for $1.5 million, months after the Bengaluru-based firm invested in Israeli venture capital firm TLV Ventures. In a statement to the stock exchanges, Wipro said that it has picked up a minority stake “of less than 20% on a […]

In a statement to the stock exchanges, Wipro said that it has picked up a minority stake “of less than 20% on a fully-diluted basis” in IntSights. Tel Aviv, Israel-based Intsights was founded in 2015 by Guy Nizan and offers a software platform to clients that is capable of detecting cyber attack threats early.

In October 2015, IntSights raised $1.8 million from Israeli venture capital firm Glilot Capital Partners, which typically invests in software startups. In June, Wipro Ventures invested an undisclosed amount in Israel-based venture capital firm TLV Partners, marking its first investment in a venture capital firm.

Source: The Economic Times