Bengaluru-based VuNet Systems, a leader in business journey observability, has raised Rs 60 crore (approximately USD 6.94 million) in its Series B funding round. Pravega Ventures led the round, which also included Kotak Securities and existing investors, including Mela Ventures, Athera Venture Partners, Dallas Venture Capital, and TVS Capital Funds.
This funding builds on the company’s previous round, where it secured USD 7.03 million, demonstrating strong investor confidence in VuNet’s innovative solutions.
Boosting Growth and Global Expansion
The new capital will help VuNet Systems accelerate its growth in India and expand its operations globally. The company plans to enhance its product offerings and invest in sales and marketing to strengthen its position in the market.
Ashwin Ramachandran, Co-founder and CEO of VuNet Systems, expressed enthusiasm about this milestone. “This funding marks an exciting step forward as we expand globally and pioneer a new category of business journey observability. By integrating advanced AI, including GenAI, across all workflows of our platform, we aim to provide deeper insights and superior customer experiences. We thank our investors for their trust and support in this transformative journey,” he said.
Pioneering Business Journey Observability
Founded in 2014 by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, VuNet Systems specialises in business journey observability, particularly for financial institutions. The platform is designed to optimise IT operations and customer journeys, offering advanced features like application observability, infrastructure observability, log analytics, and business observability.
Key solutions include bill payment observability, banking observability, credit card onboarding, and trading systems observability. These tools help businesses monitor and streamline digital transactions while providing real-time visibility into complex IT ecosystems.
Leveraging AI for Better Insights
VuNet’s platform uses advanced AI and real-time data analysis to enhance operational performance and customer experience. By delivering actionable insights, the company helps financial institutions improve efficiency and resilience in an increasingly digital environment.
A spokespersonr from Pravega Ventures praised VuNet’s innovation, stating, “VuNet is a shining example of deep-tech excellence, built entirely by a talented engineering team in India. Their solutions are vital for India’s payment infrastructure and set a benchmark for world-class engineering in business observability.”
Support from Industry Leaders
Shripal Shah, MD and CEO of Kotak Securities, highlighted the importance of VuNet’s solutions for financial institutions. “Full-stack business observability is now mission-critical for ensuring operational efficiency. VuNet’s proven track record in delivering real-time visibility and actionable insights makes them a valuable partner for the financial services sector,” he said.
With its cutting-edge platform and strong investor backing, VuNet Systems is poised to redefine business observability and set new standards in financial technology.
