VuNet Systems Raises INR 60 Crore in Series B Funding for AI-Powered Business Observability Platform

Bengaluru-Based Deep Tech Startup VuNet Raises INR 60 Crore for Global Expansion

VuNet is a provider of full-stack Al and big data analytics and aims to provide funding to drive the company's global expansion and product innovation. Bengaluru-based deep tech startup VuNet Systems has closed its Series B funding round, raising INR 60 crore on Thursday. Pravega Ventures led the investment, while Kotak Securities joined as a strategic investor alongside existing backers Mela Ventures, Athera Venture Partners, Dallas Venture Capital, and TVS Capital Funds. VuNet is a provider of full-stack Al and big data analytics and aims to provide funding to drive the company's global expansion and product innovation. The funding will also strengthen its presence in India and other key markets. The company plans to enhance its platform capabilities, scale sales and marketing efforts, and further integrate advanced AI technologies, including GenAI across its workflows. Expressing enthusiasm about the funding in a LinkedIn announcement, Ashwin Kumar Ramachandran, co-founder and CEO of VuNet Systems, said, "This funding empowers us to accelerate our global expansion while intensifying our focus on innovation, ensuring we deliver even greater value to our customers." Ramachandran further highlighted the importance of their platform in the evolving business landscape. "As businesses increasingly strive to connect IT performance with measurable business outcomes, VuNet Systems' Business Journey Observability platform has emerged as a trusted partner in driving this transformation," he said. The platform helps financial institutions monitor IT performance linked to business outcomes. Currently, it processes over 20 billion transactions per month for leading banks and provides real-time visibility into critical payment and lending processes. By integrating advanced AI, including generative AI, VuNet aims to enhance operational transparency and business resilience. Shripal Shah, MD and CEO at Kotak Securities, explained, "Full-stack business observability has become mission-critical for financial institutions. VuNet has a proven track record in delivering actionable insights using advanced technologies like big data and machine learning." A spokesperson from Pravega Ventures called VuNet "a platform built entirely from the ground-up by a team of brilliant engineers in India" that serves as a critical backbone for financial infrastructure. The investment comes amid a growing market opportunity. Gartner projects that the IT operations management (ITOM) market will reach $81 billion by 2027, driven by increasing complexity in digital ecosystems and the need for comprehensive system visibility.

VuNet Pockets INR 60 Cr To Help Enterprises Streamline Digital Transactions

AI-based business journey observability provider VuNet Systems has raised INR 60 Cr (around $6.94 Mn) in the first close of its Series B funding round led by Pravega Ventures. The round also saw participation from Kotak securities, along with a host of existing investors, including Mela Ventures, Athera Venture Partners, Dallas Venture Capital and TVS Capital Funds. The company plans to use the fresh proceeds for global expansion and accelerate its growth in India. Alongside it will also improve the product stack and enhance sales and marketing. Founded in 2014 by Ashwin Ramachandran, Bharat Joshi and Jithesh Kaveetil, VuNet helps financial institutions monitor and optimise their information technology operations and customer journeys. Its platform provides real-time insights by analysing data from various systems, enabling enterprises to streamline critical processes like digital transactions and deliver end-to-end visibility across complex IT ecosystems, enhancing both operational performance and customer experience. "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", said Ramachandran.

Digital transaction monitoring startup VuNet Systems raises Rs 60 crore in Series B funding

The round was led by Pravega Ventures. Kotak Securities, a subsidiary of Kotak Mahindra Bank, and existing investors such as Mela Ventures, Athera Venture Partners (formerly Inventus India), Dallas Venture Capital, and TVS Capital Funds participated. The funds will be used to expand its global footprint, push growth in India and other key markets, enhance product capabilities, and scale its sales and marketing efforts.Digital transaction monitoring startup VuNet Systems has raised Rs 60 crore in the first close of its Series B funding round led by Pravega Ventures. The round also witnessed participation from Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank, alongside existing investors such as Mela Ventures, Athera Venture Partners (formerly Inventus India), Dallas Venture Capital, and TVS Capital Funds. The company plans to use the funds to expand its global footprint, accelerate growth in India and other key markets, enhance product capabilities, and scale its sales and marketing efforts. Founded in 2014 by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, VuNet helps financial institutions monitor and optimise their information technology operations and customer journeys. Its platform provides real-time insights by analysing data from various systems, enabling enterprises to streamline critical processes like digital transactions and deliver end-to-end visibility across complex IT ecosystems, enhancing both operational performance and customer experience. "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," said Ramachandran, who also serves as the CEO of VuNet Systems. VuNet's business observability platform, vuSmartMaps, uses artificial intelligence (AI) and machine learning (ML) to track the business journeys of banks, payment gateways, and other financial institutions, improving their digital payments workflows. "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," said a spokesperson for Pravega Ventures. VuNet had previously raised $5 million in its Series A funding round in 2022, led by Mela Ventures. According to data from intelligence platform Tracxn, VuNet reported a revenue of Rs 18.1 crore for the fiscal year ending March 2024, with a net loss of Rs 14.5 crore. "Full-stack business observability has become mission-critical for financial institutions to ensure operational efficiency and resilience in an increasingly digital world. VuNet has a proven track record in delivering real-time visibility and actionable insights using advanced technologies like big data and machine learning," said Shripal Shah, managing director and CEO of Kotak Securities.