PremjiInvest leads $103mn investment in US firm

PremjiInvest leads $103mn investment in US firm

PremjiInvest, the family office of Wipro Ltd chairman Azim Premji, has led an investment of $103 million (around Rs 730 crore) in US-based business intelligence software firm Looker Data Sciences Inc. Looker Data Sciences said in a statement that the infusion was part of a Series E round of funding in which American investment firm Cross Creek Advisors also came in as a new investor while existing backers participated as well. Looker's existing investors include Alphabet Inc's growth capital arm CapitalG, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Redpoint Ventures, First Round Capital, Sapphire Ventures and Goldman Sachs. Sandesh Patnam, lead partner in the US for PremjiInvest, said: “We chose to invest in Looker because we were impressed with its business execution, product differentiation and vision.” Looker has raised a total of $280.5 million since 2013. It was founded in 2012. The company's business intelligence software and big data analytics platform helps customers explore, analyse and share real-time business analytics. The company is headquartered at Santa Cruz in California and has an employee base of nearly 600. It has offices outside the US in London, Tokyo and Dublin. Earlier this year, it expanded operations into Tokyo to support customers in the region and drive growth across Asia-Pacific.

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