New Delhi, Feb. 11 -- Banking software provider Zeta has raised $50 million in its latest funding round at a valuation of $2 billion. The US-based startup achieved unicorn status back in 2021, when it raised $250 million at a valuation of $1.15 billion in a funding round that included Japanese investment firm SoftBank.

The latest investment was made by US-based healthcare services firm Optum, a subsidiary of the UnitedHealth Group.

Zeta's full-stack system supports everything from core banking products to digital banking applications.

"For the most part, we believe the cash is just going to sit in the bank as a buffer, it's always nice to have a cash buffer in this market and industry," Zeta's global chief executive officer (CEO) and f...