WSO2, a digital transformation solutions provider based in California, announced on Wednesday that it has closed its Series E growth-stage investment round, which included Redstart Labs as an investor.
Redstart Labs contributed $3 million in the Series E round, which closed at $93 million with $90 million from lead investor Goldman Sachs Asset Management Private Credit in November 2021, backed by Info Edge (India).
WSO2 has now received $140 million in equity capital, valuing the company at nearly $600 million.
Sanjiva Weerawarana launched the company in 2005, and it now has a significant presence in Sri Lanka. Over the next two years, it wants to create an office in India and hire between 50 and 100 workers. The company has established a subsidiary in India and is looking for a general manager to oversee activities there.