US-based WSO2 closes $93M Series E round

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.

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