From left – Bharat Joshi, Jithesh Kaveetil and Ashwin Ramachandran
| Photo Credit: Special Arrangement
VuNet Systems, a provider of AI-based Business Journey Observability, said it has raised ₹60 crore in a Series B funding round to accelerate global expansion and strengthen product innovation.
The round was led by Pravega Ventures with investment from Kotak Securities Ltd (KSL) and participation from existing investors which include Mela Ventures, Athera Venture Partners (formerly Inventus India), Dallas Venture Capital, and TVS Capital Funds.
Ashwin Ramachandran, Co-founder and CEO, VuNet Systems, said, “This funding milestone marks an exciting step forward as we expand globally and pioneer a new category of business journey observability.”
“By further integrating advanced AI, including GenAI, across all workflows of our platform—from data ingestion to actionable recommendations—we are enabling clients to gain deeper insights and deliver superior customer experiences. We are grateful for the trust and support of our investors as we take this transformative leap.”
VuNet Systems is co-founded by Mr Ramachandran, Bharat Joshi, and Jithesh Kaveetil, each having over 25 years of experience in creating deep tech enterprise products for global markets.
It specialises in ‘Observability for Business Journeys’, bringing a clear shift in the monitoring of IT and complex digital ecosystems.
By advancing from “Operational resilience” to “Business resilience”, the platform links IT performance directly to business impact, unifying business, product and IT teams.
This enhances transparency, eliminates silos, and streamlines accountability within the enterprise, the startup said.
Today, several large financial institutions gain real-time visibility into their payments, lending, and other critical journeys, to the tune of over 20 billion transactions per month, it added.
Pravega Ventures spokesperson said, “VuNet represents excellence in deep-tech innovation—a platform built entirely from the ground-up by a team of brilliant engineers in India. Their solution is critical to India’s payment infrastructure, serving as a backbone for financial institutions across the country.”
It is a testament to world-class engineering expertise, delivering cutting-edge solutions in business observability. We are proud to support them as they expand and continue to advance industry standards.”
Shripal Shah, MD & CEO, Kotak Securities, said, “Full-stack business observability has become mission-critical for financial institutions to ensure operational efficiency and resilience in an increasingly digital world. We are happy to support VuNet’s journey and to be part of their growth story.”
Published – January 23, 2025 02:29 pm IST