VuNet Systems Wins Rs 600 Million in Series B Funding for Expansion

25 Jan 2025 CW Team

VuNet Systems, a provider of AI-driven business journey observability solutions, has raised Rs 600 million in its Series B funding round. The investment was led by Pravega Ventures, with participation from Kotak Securities Limited (KSL) and existing investors Mela Ventures, Athera Venture Partners (formerly Inventus India), Dallas Venture Capital, and TVS Capital Funds. Co-founded by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, each with over 25 years of experience in deep tech enterprise products, VuNet’s platform specialises in ‘Observability for Business Journeys’. The platform connects IT performance directly to business outcomes, providing real-time visibility across complex digital ecosystems. It integrates business, product, and IT teams, fostering transparency, eliminating silos, and ensuring streamlined accountability. Currently, the platform supports over 20 billion transactions monthly for large financial institutions, offering insights into critical operations such as payments and lending. A spokesperson from Pravega Ventures highlighted VuNet's role in strengthening India's payment infrastructure, describing it as essential for financial institutions nationwide. Shripal Shah, MD and CEO of Kotak Securities, praised VuNet’s proven expertise in delivering real-time, actionable insights powered by big data and machine learning. According to Gartner, the IT Operations Management market is projected to reach $81 billion by 2027, driven by the increasing complexity of IT environments and the need to manage hybrid cloud systems. In financial services, business observability is gaining traction for improving operational visibility, accelerating decision-making, and enhancing system reliability.

(Business Standard)

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