VuNet Systems, a provider of AI-based business journey observability, has announced the first close of Its oversubscribed Series B funding round of almost $7m.
The round was led by Pravega Ventures with investment from Kotak Securities Limited (KSL) and strong participation from all existing investors: Mela Ventures, Athera Venture Partners (formerly Inventus India), Dallas Venture Capital, and TVS Capital Funds.
VuNet Systems was co-founded by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, each bringing more than 25 years of experience in creating deeptech enterprise products for global markets.
VuNet’s platform specializes in ‘Observability for Business Journeys’, bringing a unique and 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. Today, several large financial institutions gain real-time visibility into their payments, lending, and other critical journeys, to the tune of more than 20bn transactions per month.
Ashwin Ramachandran, co-founder and CEO of 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.”
According to Gartner, the IT operations management market represents a $81bn opportunity by 2027. This growth is driven by the rising complexity of IT environments and the need to manage intricate digital ecosystems across hybrid clouds, ensuring system reliability, and enhancing customer experiences. In the financial services sector, business observability is increasingly being adopted to provide comprehensive visibility across operations, enabling faster decision-making and improved system uptime.
Observability is today not just “monitoring, observing and alerting in silos, but involves leveraging advanced AI and correlation engines to provide a holistic view of the IT landscape, spanning the enterprise and beyond its boundaries,” the company said.
Jim Cornall is editor of Deeptech Digest and publisher at Ayr Coastal Media. He is an award-winning writer, editor, photographer, broadcaster, designer and author. Contact Jim here.