YäRKEN, an Auckland, New Zealand-based provider of AI-native IT financial management solutions for enterprise clients, has secured a strategic investment round.
Investors
The round was led by 1982 Ventures, with participation from additional investors.
1982 Ventures is a Singapore-based venture capital firm established in 2020, specializing in early-stage investments within Southeast Asia's fintech sector. The firm focuses on seed-stage startups across countries such as Indonesia, Vietnam, the Philippines, and Singapore.
YäRKEN Use of Funds
The company will use the funds to scale its AI technology, expand its customer base across North America, and enhance its operational capacity to support this growth.
About YäRKEN
Founded in 2015 by Ravi Kuppan and Vaibhav Kulkarni, YäRKEN is an AI-native IT financial management platform that helps enterprises manage complex IT costs. The platform offers comprehensive visibility into IT spending, cost optimization tools, and strategic decision-making support through AI-driven insights, forecasting, and benchmarking. Headquartered in Auckland, New Zealand, YäRKEN operates globally, with offices in North America, the UK, and India.
Funding Details
Company: Yarken Ltd.
Raised: Undisclosed
Round: Strategic Investment
Funding Date: May 2025
Lead Investor: 1982 Ventures
Additional Investors:
Company Website: https://www.yarken.com/
Software Category: IT Financial Management
Source: https://www.prnewswire.com/news-releases/yarken-raises-funds-from-1982-ventures-to-expand-ai-driven-it-financial-management-across-north-american-enterprise-clients-302446154.html