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Wipro Partners with Factory for AI-Native Development; Wipro Ventures Invests in Funding Round
Wipro has announced a strategic partnership with Factory to integrate agent-native software development into its engineering processes. Wipro Ventures, which manages over $500 million in assets, also participated in Factory's recent funding round. The partnership involves deploying AI agents, known as Droids, to tens of thousands of Wipro engineers to accelerate production-ready code creation. This move is designed to enhance Wipro Intelligence™, the company's unified suite of AI-powered platforms, and drive efficiency across global client projects.
Key Highlights
Integration of Factory's AI 'Droids' into Wipro's WEGA agent-native delivery platform.
Wipro Ventures participated in Factory's funding round, adding to its $500 million+ AUM portfolio.
Technology rollout planned for tens of thousands of Wipro engineers to shorten innovation cycles.
Targeting high-value sectors including BFSI, healthcare, manufacturing, and retail.
Focus on shifting from AI experimentation to production-scale autonomous agent adoption.
💼 Action for Investors
Investors should view this as a positive step toward improving delivery efficiency and margins through AI automation. Monitor future earnings calls for commentary on how this partnership impacts project turnaround times and client acquisition in the AI space.