Yarken Secures Funding to Expand AI IT Financial Management in North America

Yarken has announced a new funding round led by 1982 Ventures to enhance its AI-driven IT Financial Management platform and expand its customer base across North America, announced in a press release. Yarken's platform, which provides comprehensive audit trails and cost transparency, aims to help enterprises maintain compliance and enhance IT governance.

The funding will enable Yarken to further develop its AI capabilities, which reduce implementation times and deliver significant cost reductions. The company plans to aggressively expand its customer base in the United States and Canada, leveraging partnerships with firms like Maryville Consulting to offer streamlined access to its analytics and cost management tools.

Founded by Ravi Kuppan and Vaibhav Kulkarni, Yarken is recognized for its innovative approach and was recently included in Gartner's 2025 Market Guide for IT Financial Management. The company aims to redefine how enterprises manage IT spend by providing actionable insights and rapid IT planning capabilities.