PremjiInvest leads Series E round in US artificial intelligence unicorn Apttus

PremjiInvest, the family investment arm of Wipro Ltd chairman Azim Premji, has spread its bets on Silicon Valley startups, leading a new investment in artificial intelligence unicorn Apttus. Apttus, a quote-to-cash vendor built on the platform of American cloud computing company Salesforce, has raised $55 million (Rs 352 crore) in a Series E round, the company said in a statement. Existing investors Salesforce Ventures, the venture arm of Salesforce, K1, and Iconiq also participated in the round, it added. This is Premjiinvest's first deal in a Silicon Valley-based firm in more than a year while it has been actively investing in the domestic market. "PremjiInvest is always highly selective in its investments, working with the strongest management teams and the most promising companies," said Sandesh Patnam, partner and lead investor in the US for PremjiInvest.