Kipi.ai

Canaccord Genuity Advises Snowflake Elite Partner Kipi.ai on its Sale to WNS

Canaccord Genuity has advised Kipi.ai, a leader in data modernization and democratization services focused on the Snowflake platform, on its sale to WNS (Holdings) Limited (NYSE: WNS), a digital-led business transformation and services company. Kipi provides strategy, execution, and managed services capabilities across data engineering, advanced analytics, and data science. The company’s client base is US-centric with strong domain expertise in Banking/Financial Services, Insurance, Manufacturing/Retail, High Tech/Professional Services, and Healthcare/Life Sciences. Kipi was previously a portfolio company of Seroda Ventures, a technology investment and incubation firm.

Founded in 2021 and headquartered in Houston, Texas, Kipi.ai is a Snowflake Elite Partner, bringing one of the world’s largest Snowflake talent pools to WNS with approximately 600 SnowPro certifications globally. Kipi has created more than 250 proprietary accelerators, enablers, applications, and solutions leveraging Artificial Intelligence, Machine Learning, Generative AI, and advanced analytics. Kipi’s more than 600 global employees include in excess of 450 data engineers, solutions architects, data scientists, and business analysts. The seasoned leadership team, with company founders in the CEO, COO, and CTO roles, brings a demonstrated track record of driving technology vision and robust growth. 

The acquisition of Kipi.ai is expected to accelerate WNS’ Analytics and AI practice, which drives decision intelligence across industries. WNS combines deep domain expertise with talent, technology, and AI to co-create innovative solutions for more than 600 clients across various industries. WNS delivers an entire spectrum of solutions, including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of December 31, 2024, WNS had 63,390 professionals across 66 delivery centers worldwide, including facilities in Canada, China, Costa Rica, India, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, Turkey, the United Kingdom, and the United States. 

Kipi’s market-differentiated data democratization capabilities and talented team are an excellent fit for WNS. Together, the companies will leverage domain expertise and scalable AI solutions to drive decision intelligence and efficiencies and to create new revenue streams. The strategic business combination will deliver enhanced value for all of WNS’ key stakeholders, including clients, employees, and shareholders. 
 
Seroda Ventures invested in Kipi and supported the company as it rapidly emerged as one of the world’s fastest-growing Snowflake pure-play services providers, delivering AI, data science, and advanced analytics solutions to enterprises worldwide. Seroda Ventures is a leading investment and incubation firm focused on scaling high-growth IT services companies into industry leaders. With deep expertise in AI, cloud, automation, and enterprise technology modernization, Seroda partners with visionary founders to accelerate growth, drive strategic acquisitions, and create long-term market impact. With a proven track record of building and exiting category-defining firms, Seroda is shaping the future of enterprise technology services.