Highlights
VuNet Systems Secures Rs 60 Crore in Series B Funding
VuNet Systems, a leader in business journey observability, has successfully raised Rs 60 crore (approximately $6.94 million) in a Series B funding round. This financing was spearheaded by Pravega Ventures, with additional contributions from Kotak Securities and returning investors, including Mela Ventures, Athera Venture Partners, Dallas Venture Capital, and TVS Capital Funds.
Prior to this funding, VuNet had secured $7.03 million from its existing investors.
Utilisation of Funds
The company plans to allocate the proceeds towards:
- Global expansion
- Accelerating growth in India
- Enhancing its product stack
- Improving sales and marketing strategies
About VuNet Systems
Founded in 2014 by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, VuNet Systems assists financial institutions in monitoring and optimising their IT operations and customer journeys. The company focuses on providing comprehensive observability into business journeys to minimise failures and improve the overall customer experience.
Capabilities and Offerings
According to the Bengaluru-based firm, VuNet empowers users to manage software operations through:
- Application observability
- Infrastructure observability
- Log analytics
- Business observability
Its services include:
- Bill payment observability
- Banking observability
- Credit card onboarding
- Trading systems observability
- And more
Real-Time Insights
VuNet Systems delivers real-time insights by analysing data from diverse systems, allowing enterprises to streamline essential processes such as digital transactions. This approach ensures end-to-end visibility across intricate IT ecosystems, thereby enhancing both operational performance and customer experience.
Future Plans
VuNet aims to expand its global presence and pioneer a new category of business journey observability by integrating advanced artificial intelligence, including Generative AI, into all workflows on its platform.