Wipro Ventures Ltd. closed its Fund II on $150 million.

It will invest in early and mid-stage startups focused on cybersecurity, analytics, cloud infrastructure, test automation and artificial intelligence.

The fund's predecessor was launched in 2015 and raised $100 million. Its investments included security company Demisto Inc., which was subsequently acquired by cybersecurity services provider Palo Alto Networks Inc.

Wipro Ventures is the strategic investment unit of Indian IT services company Wipro Ltd.