Bengaluru-based VuNet Systems has raised Rs 60 crore ($6.94 million) in a Series B funding round led by Pravega Ventures.

The funding round also saw participation from Kotak Securities and existing investors, including Mela Ventures, Athera Venture Partners, Dallas Venture Capital, and TVS Capital Funds.

The fresh infusion of capital will fuel VuNet's global expansion, accelerate growth in India, and bolster its product stack, sales, and marketing efforts.

Founded in 2014 by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, VuNet Systems specialises in business journey observability for financial institutions, offering solutions that monitor and optimise information technology operations and customer journeys.

The company's platform enables users to manage software operations through features like application observability, infrastructure observability, log analytics, and business observability. Key offerings include bill payment observability, banking observability, credit card onboarding, and trading systems observability.

VuNet's platform claims to leverage advanced AI and real-time data analysis to streamline critical processes such as digital transactions, delivering end-to-end visibility across complex IT ecosystems. This not only enhances operational performance but also improves the overall customer experience.