VuNet Systems, Bengaluru, India-based provider of AI-based business journey observability, announced that it raised $5 million in Series A funding.
The round was led by Mela Ventures and Athera Venture Partners (formerly Inventus India), with participation from Dallas Venture Capital and TVS Capital Funds.
The funds will be used to accelerate the research and development of new AI/ML-led product offerings and the expansion of global operations across India, Asia, and the US.
Ashwin Ramachandran, Co-founder, and CEO of VuNet Systems said, “VuNet is excited to count some of the most well-known names in the financial institutions among our customers. We will continue to focus on expanding our customer growth and our product base to create more intelligent, actionable insights for operations, business, and CXOs to accelerate their digital transformation.”.
VuNet Systems has won several accolades, including being listed in Gartner Market Guide for AI-driven IT Operations platform, being named as an HFS Hot Vendor, Leader in AIOps Data Quadrant by SoftwareReviews, NASSCOM AI Gamechanger’s Award and part of Microsoft ScaleUp for Startups and CISCO Launchpad.
Company: VuNet Systems Private Limited
Round: Series A
Funding Month: November 2022
Lead Investors: Mela Ventures and Athera Venture Partners
Additional Investors: Dallas Venture Capital and TVS Capital Funds
Company Website: https://www.vunetsystems.com/
Software Category: AI-based Business Journey Observability
About the Company: VuNet Systems was founded in 2017 by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, with more than 20+ years of extensive experience in creating deep tech enterprise products for global markets. VuNet Systems is a next-gen visibility and analytics company using full-stack AI / ML & Big Data analytics to accelerate digital transformation within an organization. It revolutionizes digital transactions by providing real-time visibility into business transactions, reducing technical declines, and enhancing the end-user experience through its AI and ML-based platform. VuNet Systems provide deep observability into business journeys to reduce failures and enhance overall customer experience. Its mission is to build a world-class intelligent, scalable ‘Visibility and Analytics platform by innovatively integrating emerging technologies to make personalized and actionable data-driven insights easily accessible for everyone.