WSO2 Completes $93M Series E Growth Funding Round with Info Edge Investment

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Info Edge, which joins lead investor Goldman Sachs Asset Management in Series E, makes a strategic contribution to the accelerated expansion of WSO2’s business across India

Mumbai, India, May 27, 2022 /PRNewswire/ — WSO2a chief in digital transformation technology, today announced that the company has completed its Series E funding round with the addition of RedStart Laboratories (India), a subsidiary of Info Edge Limited (NSE: NAUKRI). This decision brings the total growth capital raised to $93 million. Info Edge joins lead investor Goldman Sachs Asset Management Private Credit (Goldman Sachs), which completed the first installment of Series E in November 2021. Info Edge, through its subsidiary RedStart, will strategically contribute to the accelerated expansion of WSO2’s business across India.

WSO2, with over 800 customers in over 90 countries, has already established a strong presence in India. More than 35 leading companies in India including government agencies and global leaders in financial services, communications, healthcare and technology rely on WSO2 products and solutions to drive their digital journeys and deliver innovative experiences to their customers. In addition, more than 100 million consumers in India interact with these organizations using secure digital services powered by WSO2.

“Across India, we are seeing growing demand for our unique integrated approach to unite best-in-class API management and integration with identity and access management as more organizations adopt digital business models. said Dr. Sanjiva Weerawarana, Founder and CEO of WSO2. . “RedStart, as part of Info Edge with its deep understanding of the market, extensive network and success in investing in digital companies like Zomato, will play a strategic role in helping us accelerate our growth and adoption of our customers in India.”

Since 2005, WSO2 has been on a mission to democratize the development of modern applications and services with leading cloud-native and open-source technologies for API management, onboarding, and customer identity and access management. (CIAM). The company is now expanding these offerings with a new generation of platform-as-a-service solutions that further accelerate customers’ time to market and ability to innovate.

“We believe that WSO2 operates at the intersection of two powerful trends in an increasingly API-centric world, coupled with wider adoption of open source software by large enterprises for the flexibility and adaptability needed to deliver agile, personalized services and innovative use cases for their customers,” said Amit Behl, an Info Edge partner, who led the company’s investment in WSO2. “As digital transformation accelerates in Indian businesses and 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.”

About RedStart Labs

RedStart Laboratories (India) is a subsidiary of Info Edge (India) Limited (NSE: NAUKRI) focusing on investing in business models driven by innovation and intellectual property. RedStart intends to support early stage startups creating new ecosystems and outcomes driven by emerging science and fundamental research as well as technology platforms, intellectual property and innovation. For more information, visit https://www.redstartlabs.in.

About WSO2

Founded in 2005, WSO2 empowers thousands of businesses, including hundreds of the world’s largest companies, top universities and governments, to drive their digital transformation journey, executing over 18 trillion transactions and managing more 500 million identities per year. By using WSO2 for API management, onboarding, and customer identity and access management (CIAM), these organizations harness the full power of their APIs to securely deliver their digital services and applications. Our open source, API-first approach to software that runs on-premises and in the cloud helps developers and architects be more productive and quickly compose digital products to meet demand while remaining free from blockages by a supplier. WSO2 has over 900 employees worldwide with offices in Australia, Brazil, Germany, India, Sri Lanka, the United Arab Emirates, the United Kingdom and the United States. Visit https://wso2.com to learn more. Follow WSO2 on LinkedIn and Twitter.

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