TLDR: Hyderabad-based Covasant Technologies has merged with US-based konaAI and DCube Data Sciences Corporation to create Covasant Tech. This strategic consolidation aims to meet the escalating global demand for Agentic AI solutions, combining expertise in AI-led compliance, cybersecurity, and advanced AI services to offer comprehensive enterprise governance solutions.
Hyderabad, India – July 8, 2025 – In a significant move poised to reshape the artificial intelligence landscape, Covasant Technologies Private Limited, a leading Agentic AI solutions provider based in Hyderabad, has announced its merger with two prominent US-based entities: konaAI and DCube Data Sciences Corporation. The newly formed combined entity will operate under the name Covasant Tech, with konaAI and DCube serving as its specialized arms.
This strategic merger is primarily driven by the burgeoning global demand for Agentic AI solutions, a segment experiencing rapid expansion. Industry projections underscore this growth, with Grand View Research forecasting the Agentic AI market in India alone to reach an impressive $1.7 billion by 2030, exhibiting a robust Compound Annual Growth Rate (CAGR) of 53.9%.
C.V. Subramanyam, a seasoned entrepreneur and the Founder of Covasant, will assume the role of Chairman and Managing Director of the merged entity. In a statement, Subramanyam highlighted the timely nature of this consolidation, stating, “This merger arrives at a pivotal moment for the global tech landscape.” He further elaborated on the synergistic benefits, noting, “By integrating konaAI’s AI-led compliance expertise and DCube’s cybersecurity and eDiscovery strengths, Covasant will expand its services portfolio, providing AI-led enterprise governance solutions to its global clients.”
The combined strengths of the three companies are expected to deliver a comprehensive suite of solutions for end-to-end Agentic AI adoption. Covasant’s existing AI-led Services-as-Software delivery model, which incorporates proprietary Agentic AI systems, predictive analytics, intelligent automation, and data orchestration, will be significantly enhanced. Subramanyam emphasized the collective advantage, stating, “We will leverage the combined strengths to offer clients a suite of solutions for end-to-end Agentic AI adoption, significantly lowering their risk and improving business performance.”
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While the financial specifics of the merger, including the revenues of the individual companies and the agreement’s financial details, were not disclosed, the focus remains on leveraging integrated capabilities to unlock value from data and facilitate real-time decision-making for organizations worldwide. The formation of Covasant Tech marks a strategic step to capitalize on the accelerating shift towards autonomous, adaptive, and context-aware AI systems in enterprise operations.
