Premji Invest: Artificial Intelligence Will Eat Software

Premji Invest is a long-term, evergreen investment firm founded by Azim Premji, former chairman of Wipro. The firm deploys a direct crossover investment strategy with roughly equal split between mid-to-late stage growth equity and public equities. It focuses on technology, healthcare, consumer, and FinTech landscapes, backing market leaders such as Outreach, Sysdig, Heyday, Anaplan, Coupa, Moderna, Carta, Flipkart, Looker (acquired by Google), and DataStax. The firm looks for significant product-market fit, strong go-to-market strategy, and a focus on AI and ML in its investments. It also emphasizes the importance of real-time data and analytics in today's business environment. Premji Invest recently doubled down on DataStax due to its new leadership team's focus on developers, open source, and polyglot data platforms.