Covasant Technologies Private Limited, a Hyderabad-based company focused on Agentic AI solutions, has announced its merger with konaAI, a Texas-based compliance technology firm, and DCube Data Sciences Corporation, a cybersecurity and data services company based in California.
The merger aims to combine konaAI’s compliance expertise and DCube’s experience in cybersecurity and eDiscovery and thereby position Covasant as a company which is committed to deliver AI led enterprise governance solutions to its global clientele. The new entity will offer an expanded suite of services for enterprise risk management (ERM), compliance, data engineering, and security.
Covasant will continue to use its AI-led Services-as-Software model to support enterprise clients in managing data and making real-time decisions. The addition of US-based partners is expected to help scale its platform globally.
According to Grand View Research, the Agentic AI market in India is projected to grow to USD 1,730.5 million by 2030 at a CAGR of 53.9%. The merger comes at a time when enterprise adoption of Agentic AI is increasing but also facing issues related to strategy, data management, and governance.
Speaking about the strategic merger, C.V. Subramanyam, Chairman and MD, Covasant Technologies, said, “We at Covasant are leading the charge in enterprise intelligence with Agentic AI. It’s about moving far beyond automation to embed AI into the very core of our clients’business, delivering real and measurable business impact. This journey is massively accelerated by joining forces with konaAI and DCube. Their world-class expertise and Fortune 500 customer base is a perfect strategic fit, and we are excited to leverage these combined strengths to offer clients an unmatched suite of solutions for end-to-end Agentic AI adoption, significantly lowering their risk and improving business performance. This merger is a critical step in realizing our vision to become the definitive leader in Agentic AI-led Services-as-Software.”
Anil Kona, now the Chief Operating Officer & Executive Director at Covasant, brings a rare, cross-disciplinary perspective to the new entity. A serial entrepreneur and technology leader, his journey began with over a decade in law enforcement’s elite Special Intelligence Branch (SIB). He later translated this investigative mindset into pivotal roles at Deloitte and EY, leading high-impact teams in forensic analytics and fraud investigations. As the founder of konaAI and DCube, he has a distinguished history of delivering cutting-edge cybersecurity and legal tech solutions to a global clientele.
Anil Kona, Founder of konaAI and DCube, said, “At konaAI and DCube, our focus has always been on empowering global clients with a holistic approach to Enterprise Risk Management, enabling them to detect compliance anomalies, uncover fraud, waste and abuse across financial transaction ecosystems, and strengthening their cybersecurity posture. Joining forces with Covasant enhances our ability to harness advanced AI to deliver real-time, preventive compliance and risk solutions that drive stronger business outcomes.”
The combined company plans to address these concerns by offering a unified platform that integrates AI engineering, compliance, and cybersecurity capabilities.