Bengaluru-Based Deep Tech Startup VuNet Raises INR 60 Crore for Global Expansion
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. 🚀Excited to lead a $7 M investment in @vunetsystems !Specializing in #observability, VuNet shifts IT monitoring to real-time visibility of transactions & customer journeys.#venturecapital #Innovation #Investment #BFSI pic.twitter.com/yjLwdeycuu— Pravega Ventures (@PravegaVC) January 23, 2025 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 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.
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.
["deep tech", "Funding"]
["API", "Funding", "deep tech", "machine learning", "GenAI", "AI", "Git", "Aim", "analytics", "generative AI", "Rust", "R"]
["AI", "machine learning", "analytics", "generative AI", "GenAI", "Aim", "R", "Rust", "Git", "API"]
An information designer who loves to learn about and try new developments in the field of tech and AI. She likes to spend her spare time reading and exploring absurdism in literature.