News & Views
WSO2 gets Series E funding
Digital transformation leader WSO2 (www.wso2.com) announces that the company has completed its Series E funding round with the addition of RedStart Labs (India), a subsidiary of Info Edge Limited (NSE: NAUKRI). The move brings the total growth capital raised to $93 million.
With more than 800 customers in over 90 countries, WSO2 has already established a strong presence in India. Over 35 leading enterprises in India – including government agencies and global leaders in financial services, communications, healthcare and technology – rely on WSO2's products and solutions to drive their digital journeys and deliver innovative experiences to customers. Additionally, over 100 million consumers in India are interacting with these organizations using secure digital services powered by WSO2.
“Across India, we’re seeing growing demand for our uniquely integrated approach to uniting best-in-class API management and integration with identity and access management as more organisations embrace digital business models,” says Dr. Sanjiva Weerawarana, Founder and CEO, WSO2. “RedStart, as part of Info Edge with its deep market understanding, extensive network, and success in investing in digital businesses like Zomato, will play a strategic role in helping us accelerate our growth and customer adoption in India.”
“We believe WSO2 operates at the intersection of two powerful trends of an increasingly API driven world coupled with a wider adoption of open-source software by large enterprises for the flexibility and adaptability to offer agile, personalised services and innovative use-cases for their customers,” adds Amit Behl, a partner at Info Edge, who led the company’s investment in WSO2. “As digital transformation accelerates across Indian enterprises and also as open-source forms the foundation of the government's Digital India initiative, we expect India to emerge as a key market for WSO2 not only for its revenue potential but also for developer adoption.”