Latest news with #SundeepGoel
Business Standard
3 days ago
- Business
- Business Standard
R Systems edges higher on partnership with Mavvrik to control AI, cloud infra spend
R Systems International rose 1.78% to Rs 374.80 after the firm said its strategic partnership with Mavvrik to help enterprises gain visibility and precise financial control over rapidly escalating AI, cloud, and hybrid infrastructure investments. As enterprises fast-track AI initiatives, infrastructure costs are becoming more fragmented, unpredictable, and difficult to track and manage. Untracked usage, cost attribution gaps, shared services, and siloed billing data make it difficult to understand true cost drivers or measure returns on investment, the company said in a statement. The R SystemsMavvrik partnership, it added, will enable organizations to shift from reactive tracking to proactive financial governance, ensuring better accountability and ROI measurement across AI, cloud, and hybrid environments. As enterprises accelerate AI adoption, theyre not just managing higher infrastructure costs but also navigating a new layer of financial and operational complexity. Traditional cost models were never designed for the dynamic, GPU-intensive, and hybrid environments AI demands. This R SystemsMavvrik partnership is about helping businesses move from reactive cost tracking to proactive financial governance, so they can scale responsibly, with clarity, control, and confidence, said Srikara Rao, CTO, R Systems. AI isnt just a new workloadits a force multiplier for cost complexity across the stack, said Sundeep Goel, CEO of Mavvrik. From cloud sprawl and opaque billing to fragmented cost data, enterprises are struggling to govern their spend. This partnership combines proven technology and deep expertise to help teams regain control and scale with confidence. R Systems is a leading digital product engineering company that designs and develops chip-tocloud software products, platforms, and digital experiences that empower its clients to achieve higher revenues and operational efficiency. The companys consolidated net profit jumped 40.43% to Rs 38.59 crore on 6.2% increase in revenue from operations to Rs 442.46 crore in Q1 FY25 over Q1 FY24.
Techday NZ
3 days ago
- Business
- Techday NZ
R Systems & Mavvrik partner to boost AI cost transparency
R Systems and Mavvrik have announced a strategic partnership aimed at helping enterprises manage financial control and visibility over growing investments in AI, cloud, and hybrid infrastructure. The adoption of AI solutions by businesses has led to increased complexity in infrastructure costs, making it challenging to monitor and allocate expenses accurately. Factors such as untracked usage, cost attribution gaps, shared services, and disconnected billing data have made it more difficult for organisations to identify the true origin of costs and assess their return on investment. The collaboration between R Systems and Mavvrik is intended to support companies transitioning from reactive monitoring towards proactive governance in financial operations across their technology environments. The partnership will offer enterprises a combination of R Systems' Dexterity Assessment Framework and Mavvrik's real-time cost intelligence platform. This approach is expected to deliver greater transparency and actionable insights around spending on digital infrastructure. Key features of the solution include real-time financial visibility through unified dashboards that capture and attribute infrastructure costs based on product, service, or business unit. The joint offering also provides automated policy enforcement, GPU chargebacks, and budgeting controls designed to help organisations manage expenditure and prevent overspending. Additionally, the solution is intended to facilitate faster decision-making through the provision of insights that inform pricing, forecasting, and investment strategies in complex IT settings. Commenting on the partnership, Srikara Rao, Chief Technology Officer at R Systems, said: "As enterprises accelerate AI adoption, they're not just managing higher infrastructure costs but also navigating a new layer of financial and operational complexity. Traditional cost models were never designed for the dynamic, GPU-intensive, and hybrid environments AI demands. This R Systems– Mavvrik partnership is about helping businesses move from reactive cost tracking to proactive financial governance, so they can scale responsibly, with clarity, control, and confidence." Sundeep Goel, Chief Executive Officer of Mavvrik, also addressed the growing challenges facing enterprises, stating: "AI isn't just a new workload, it's a multiplier for cost complexity across the stack. From cloud sprawl to opaque billing and siloed cost data, enterprises are struggling to govern spend. This partnership brings together the proven technology and expertise to help teams regain control and scale with confidence." The partnership is a response to the evolving requirements of organisations that are investing heavily in both the development and operation of AI and digital infrastructure. By combining expertise and technologies, R Systems and Mavvrik claim their solution will assist clients in identifying the primary drivers of costs, enforcing financial discipline, and maximising the return on their technology investments. Through real-time dashboards, automated controls, and unified insights, the joint solution is positioned to address problems such as fragmented expense tracking and lack of data transparency. The goal is to enable companies to understand and manage complex cost structures in environments that utilise a mix of AI, on-premise, and cloud-based technology. R Systems provides digital product engineering services and focuses on supporting clients in areas including cloud, data, AI, and customer experience for enterprises across sectors such as telecom, media, finance, manufacturing, healthcare, and public services. The company delivers software products and digital platforms with a product-first approach and offers automation and integration services, including Robotic Process Automation (RPA) and no-code/low-code solutions. Mavvrik specialises in financial control for organisations adopting AI and hybrid infrastructure through real-time cost visibility, intelligent attribution of expenses, and proactive budget enforcement. Their technology is used to provide enterprises with tools to manage, optimise, and forecast their digital infrastructure spending. The partnership's focus on delivering measurable control, budgetary policy enforcement, and spend visibility is intended to support companies as they scale their technology investments and integrate AI-driven services. The alignment between R Systems' engineering and evaluation experience with Mavvrik's platform is expected to address challenges related to cloud expenditure, transparent billing data, and cost accountability across dynamic IT environments.
Business Wire
4 days ago
- Business
- Business Wire
R Systems and Mavvrik Partner to Enable Proactive Financial Governance for AI and Hybrid Infrastructure
GREATER NOIDA, India & EL DORADO HILLS, Calif.--(BUSINESS WIRE)-- R Systems International Limited, a global leader in digital product engineering and Mavvrik, a leader in AI cost governance, today announced a strategic partnership to help enterprises gain visibility and precise financial control over rapidly escalating AI, cloud, and hybrid infrastructure investments. As enterprises fast-track AI initiatives, infrastructure costs are becoming more fragmented, unpredictable, and difficult to track and manage. Untracked usage, cost attribution gaps, shared services, and siloed billing data make it difficult to understand true cost drivers or measure returns on investment. The R Systems–Mavvrik partnership helps organizations shift from reactive tracking to proactive financial governance for measuring accountability across AI, cloud, and hybrid environments. 'As enterprises accelerate AI adoption, they're not just managing higher infrastructure costs but also navigating a new layer of financial and operational complexity. Traditional cost models were never designed for the dynamic, GPU-intensive, and hybrid environments AI demands. This R Systems–Mavvrik partnership is about helping businesses move from reactive cost tracking to proactive financial governance, so they can scale responsibly, with clarity, control, and confidence,' said Srikara Rao, CTO, R Systems. The joint solution combines R Systems' Dexterity Assessment Framework with Mavvrik's real-time cost intelligence platform to deliver actionable insights and measurable control. Key Solution Benefits Real-Time Financial Visibility: Unified dashboards that track and attribute AI, cloud, and hybrid infrastructure costs by product, service, or business unit. Proactive Cost Governance: Automated policy enforcement, GPU chargebacks, and budget controls to manage spend and prevent overruns. Faster, Informed Decisions: Actionable insights to support pricing, forecasting, and investment strategies across dynamic IT environments. 'AI isn't just a new workload, it's a multiplier for cost complexity across the stack,' said Sundeep Goel, CEO of Mavvrik. 'From cloud sprawl to opaque billing and siloed cost data, enterprises are struggling to govern spend. This partnership brings together the proven technology and expertise to help teams regain control and scale with confidence.' For more details visit About R Systems R Systems is a leading digital product engineering company that designs and develops chip-to-cloud software products, platforms, and digital experiences that empower its clients to achieve higher revenues and operational efficiency. Our product mindset and engineering capabilities in Cloud, Data, AI, and CX enable us to serve key players in the high-tech industry, including ISVs, SaaS, and Internet companies, as well as product companies in telecom, media, finance, manufacturing, health and public services verticals. R Systems uses its expertise in automation and integration including RPA and No-Code-Low-code platforms to help enterprises across these verticals achieve their OKRs. About Mavvrik Mavvrik is the financial control centre for AI and hybrid infrastructure. With real-time visibility, intelligent cost attribution, and proactive guardrails, Mavvrik helps enterprises manage costs across cloud, SaaS, and on-prem environments—enabling faster decisions, improved forecasting, and sustained margin protection.
Axios
24-02-2025
- Business
- Axios
Exclusive: Mavvrik raises $6.2M seed to control cloud costs
Mavvrik, which helps businesses manage spending on cloud and IT infrastructure, has raised $6.2 million in seed funding, CEO Sundeep Goel tells Axios exclusively. Why it matters: Global IT spending is increasing nearly 10% per year, and AI adoption could accelerate that pace. Zoom in: S3 Ventures and Flyover Capital led the funding, which included participation from Tuesday Capital. Context: Austin-based Mavvrik (f.k.a. DigitalEx) tracks cloud, AI, SaaS and on-premises infrastructure costs, helping businesses to eliminate waste and curtail spending. How it works: It integrates directly into public cloud providers, private cloud environments, and enterprise AI platforms like AWS, Google Cloud, Microsoft Azure, Oracle Cloud, VMware, Kubernetes, Anthropic, OpenAI, Mistral and Amazon Bedrock. The platform enables enterprises to see their spending on infrastructure in real time, track trends over time, and improve their financial planning. "What we see in our customer base is typically at least a 15% reduction in aggregate costs," Goel says. Between the lines: It does that by providing tools to allocate costs across an organization, enforce financial accountability, and proactively spot anomalies and cost spikes to reduce budget overruns. By connecting the dots from central IT spending to each business unit, Goel says Mavvrik creates a culture of accountability that drives a good portion of their savings. "It ends up being more cost-avoidance than cost savings because [business units] now have visibility into their spend and visibility into their budget performance," he says. The big picture: Global IT spending is expected to grow to $5.61 trillion in 2025, up 9.8% from last year, according to Gartner. The cost could be even higher, Goel says, as AI gains traction in the enterprise. "AI [is] about to hit as a new wave of cost. A lot of those applications are going to be extremely expensive that's virtually unbudgeted and unforecasted," Goel says. Behind the scenes: Mavvrik also expanded its leadership team by hiring former ALTR exec Paul Franz as VP of sales, former Platform9 exec Chris Paap as VP of product management, and former MediaFly exec Lindsey Tishgart as VP of marketing.
