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Business journey observability provider VuNet Systems has raised Rs 60 crore (around $6.94 million) in a Series B funding round led by Pravega Ventures. The round also saw participation from Kotak Securities and existing investors such as Mela Ventures, Athera Venture Partners, Dallas Venture Capital, and TVS Capital Funds.
VuNet had previously raised $7.03 million from its existing investors.
The proceeds will be utilized for global expansion, accelerating its growth in India, improving the product stack, and enhancing sales and marketing, VuNet Systems said in a press release.
Co-founded in 2014 by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, VuNet helps financial institutions monitor and optimize their information technology operations and customer journeys. The company provides deep observability into business journeys to reduce failures and enhance the overall customer experience.
According to the Bengaluru-based company, it enables users to manage software operations using application observability, infrastructure observability, log analytics, and business observability. Its offerings include bill payment observability, banking observability, credit card onboarding, trading systems observability, and more.
VuNet Systems provides real-time insights by analyzing 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.
VuNet intends to expand globally and introduce a new category of business journey observability by integrating advanced AI, including GenAI, across all workflows on its platform.