Bengaluru-based deep-tech startup VuNet Systems has successfully raised ₹60 crore (approximately $6.94 million) in its Series B funding round.
The round was led by Pravega Ventures, with additional participation from Kotak Securities and existing investors, including Mela Ventures, Athera Venture Partners, Dallas Venture Capital, and TVS Capital Funds.
This fresh injection of capital follows VuNet’s earlier funding of $7.03 million, signaling continued confidence in the startup’s innovative approach to business observability.
VuNet plans to utilize the newly secured funds to bolster its global presence and scale operations in India. A significant portion of the funding will also be directed toward enhancing its product portfolio, strengthening sales and marketing efforts, and integrating advanced technologies like AI and GenAI across its workflows.
Founded in 2014 by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, VuNet Systems has carved a niche for itself in the field of business journey observability. The startup provides cutting-edge solutions to monitor, optimize, and streamline IT operations for enterprises, particularly in the financial services sector.
VuNet’s technology delivers real-time insights by analyzing vast datasets across IT ecosystems, ensuring improved performance and enhanced customer experiences. Its offerings include tailored observability solutions for various business functions such as bill payments, banking, credit card onboarding, and trading systems.
A standout feature of VuNet’s platform is its ability to harness advanced AI technologies, enabling enterprises to gain deeper visibility into their business processes. This includes application and infrastructure observability, log analytics, and business journey analytics, all designed to reduce failures and ensure seamless operations.
VuNet aims to redefine the observability landscape by introducing an entirely new category of business journey observability, further empowered by AI-driven tools. This initiative is expected to set new standards in optimizing critical processes like digital transactions and improving overall operational efficiency.
With this funding round, VuNet is gearing up for a phase of aggressive growth. The company’s plans to expand globally and enhance its offerings underline its commitment to becoming a leading player in the observability domain.
VuNet Systems continues to transform how enterprises manage and monitor their IT operations, offering innovative solutions that cater to the ever-evolving needs of businesses in the digital age. This latest funding milestone not only reinforces the company’s vision but also solidifies its position as a trailblazer in deep-tech innovation
