IIT alumni-founded SaaS firm Capillary raises $20 million
Singapore-based software-as-a-service (SaaS) provider Capillary Technologies has raised $20 million from private equity giant Warburg Pincus and venture capital firm Sequoia Capital. The startup said in a statement that the money was raised in several tranches over the past year. Capillary Technologies was founded in 2008 by IIT-Kharagpur alumni Ajay Modani, Aneesh Reddy and Krishna Mehra.