Yarken, the 1982 Ventures-backed artificial intelligence (AI)-native platform for IT Financial Management (ITFM) and FinOps, has announced an investment led by Betatron Venture Group and Tenity VC to fuel its aggressive global expansion.
Yarken said in a statement on Wednesday that the new capital will be used to double the firm’s engineering and customer success teams in the US and Europe.
As the first institutional investor on the cap table, 1982 Ventures led Yarken’s previous round, identifying the company’s potential to disrupt the legacy ITFM landscape dominated by aging, dashboard-centric incumbents.
“Most tools tell you what you spent last month; Yarken tells you what to do tomorrow. We built Yarken so organizations can embed these practices directly into their operating systems,
“By automating the ‘boring but critical’ tasks like variance analysis and contract reconciliation, our customers have reported reducing operational overhead by up to 30% while achieving full showback in as little as five days,” said Ravi Kuppan, Founder and Chief Executive Officer, Yarken.
It is noted that enterprises today are trapped in a “double bubble”: the high cost of maintaining legacy infrastructure while simultaneously funding the massive compute demands of Generative AI.
Yarken’s platform is the first built natively for this era, moving beyond static reporting to agentic AI workflows that automate the execution of financial governance.
With a client roster that includes Fortune 2000 clients such as Nasdaq listed Retailers, Pension Funds, Defence and Financial Institutions, Yarken said it is proving that its semantic data layer can deliver full financial showback in days—a process that typically takes months with legacy providers.
“When we first backed Ravi and the team, we saw a clear path for Yarken to become the ‘operating system’ for enterprise technology value,
“They are tackling a messy, multi-trillion dollar problem with an AI-first architecture. This is a strategic asset for any CFO or CIO trying to prove ROI on their technology,” stated Scott Krivokopich, Managing Partner, 1982 Ventures.
While FinOps and ITFM frameworks are widely adopted, the statement noted that many organizations still rely on manual processes, spreadsheets, and custom pipelines to keep cost allocations, forecasts, and governance running.
As technology environments grow more complex, these approaches become difficult to sustain, it added.
Unlike tools focused primarily on dashboards, Yarken said it emphasizes operational execution.
It said by automating recurring controls and governance processes, enterprises reduce operational overhead while maintaining financial discipline across growing technology estates, including the complex cost-tracking required for Generative AI workloads.
“Yarken is dominating the legacy players in head-to-head RFPs for some of the largest accounts globally. As the first VC on Yarken’s cap table and lead of their previous round, we’ve had a front-row seat to one of the most compelling themes in Enterprise AI,
“Interest in Yarken is surging among investors, consulting and SI partners, and global financial institutions, ” said Herston Powers, Managing Partner, 1982 Ventures.
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