New Delhi, Feb 22 (PTI) Wipro Ventures, the corporate investment arm of IT services major Wipro, has invested in US-based startup, vFunction, according to a statement.

Alongside, Wipro Ltd has formed a joint go-to market partnership with vFunction, which has developed a scalable, AI (Artificial Intelligence) based technology platform for modernising Java applications and accelerating migration to the cloud.

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"The partnership will strengthen Wipro FullStride Cloud Services' position as a leading provider of digital transformation solutions and help advance Wipro's commitment to accelerating cloud innovation for clients," the company said in a statement on Tuesday.

In conjunction with this partnership, Wipro Ventures announced that it has invested in vFunction's funding round to deepen the strategic partnership.

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The company did not divulge the quantum of investment made.

"We are proud to partner with vFunction to enhance our cloud offerings and provide clients with additional capabilities in a critical sector," Ramachandran Padmanabhan, Vice President of Wipro FullStride Cloud Services said.

Wipro is investing over USD 1 billion in the next three years to build out the capabilities of Wipro FullStride Cloud Services, and is committed to working with partners and other industry leaders to deliver a cloud ecosystem that meets clients' needs, Padmanabhan added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)