Vunet Systems, a leading provider of AI-based business journey observability, has announced the first close of its oversubscribed Series B funding round, raising Rs 60 crore. The round was led by Pravega Ventures, with significant contributions from Kotak Securities and participation from existing investors, including Mela Ventures, Athera Venture Partners (formerly Inventus India), Dallas Venture Capital and TVS Capital Funds.
Speaking on the funding, Ashwin Ramachandran, Co-Founder and Chief Executive Officer (CEO), Vunet Systems, remarked, “This funding milestone is a pivotal step as we expand globally and pioneer a new category of business journey observability. By integrating advanced AI, including GenAI, across our platform workflows—from data ingestion to actionable insights—we are enabling clients to deliver superior customer experiences. We deeply value the trust and support of our investors as we take this transformative leap.”
The platform unifies business, product and IT teams, enhancing transparency, eliminating silos, and streamlining accountability. Currently, it empowers major financial institutions to gain real-time visibility into critical operations, such as payments and lending, handling over 20 billion transactions monthly.
According to Gartner, the IT Operations Management market is projected to reach $81 billion by 2027, driven by the rising complexity of hybrid IT environments and the demand for seamless system reliability. In the financial services sector, Business Observability is becoming a strategic imperative for faster decision-making and improved uptime.
The platform unifies business, product and IT teams, enhancing transparency, eliminating silos, and streamlining accountability. Currently, it empowers major financial institutions to gain real-time visibility into critical operations, such as payments and lending, handling over 20 billion transactions monthly.
Co-founded by Ashwin Ramachandran, Bharat Joshi and Jithesh Kaveetil—each with over 25 years of experience in deep-tech enterprise products—Vunet Systems is redefining IT monitoring for complex digital ecosystems. Its innovative platform focuses on ‘Observability for Business Journeys,’ shifting the narrative from operational resilience to business resilience by linking IT performance directly to business outcomes.
With this new funding, Vunet is poised to scale its platform globally, driving innovation and transforming how enterprises monitor and optimize their digital ecosystems.
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