Bengaluru-based business journey observability provider VuNet Systems has raised Rs 60 crore (approximately $6.94 million) in its Series B funding round, led by Pravega Ventures. The round also saw participation from Kotak Securities and existing investors, including Mela Ventures, Athera Venture Partners, Dallas Venture Capital, and TVS Capital Funds.
This new funding builds on the $7.03 million previously raised by VuNet from its existing investors. The fresh capital will be used to fuel the company’s global expansion, accelerate growth in India, enhance its product stack, and strengthen its sales and marketing efforts, according to a press release from VuNet.
Founded in 2014 by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, VuNet Systems focuses on enabling financial institutions to monitor and optimize their IT operations and customer journeys. The company delivers deep observability into business journeys, reducing operational failures and elevating the customer experience.
VuNet’s platform offers real-time insights through features such as application and infrastructure observability, log analytics, and business observability. Specific solutions include bill payment observability, banking observability, credit card onboarding, and trading systems observability. By analyzing data from complex IT ecosystems, the platform provides enterprises with end-to-end visibility to streamline critical processes like digital transactions and improve overall operational performance.
Looking ahead, VuNet plans to introduce a new category of business journey observability by integrating advanced AI technologies, including Generative AI (GenAI), across all workflows. This innovation aims to redefine how businesses gain insights into their operations while expanding the company’s footprint on a global scale.
With this latest funding and its innovative technology, VuNet Systems is poised to lead the observability market, empowering enterprises to deliver seamless, data-driven experiences for their customers.
