Covasant Merges With US Firms KonaAI, DCube to Lead Agentic AI

Hyderabad-based Covasant Technologies has merged with two US companies, konaAI and DCube Data Sciences Corporation, to form a unified entity called Covasant Tech aimed at leading the Agentic AI market in enterprise risk management. The merger combines Covasant's AI capabilities with konaAI’s compliance tools and DCube’s cybersecurity and eDiscovery expertise, creating an end-to-end AI-led governance and risk solution suite. Led by Chairman and Managing Director CV Subramanyam, the combined company plans to offer a Services-as-Software model integrating intelligent automation, predictive analytics, and data orchestration to enable real-time, data-driven decision-making for enterprises globally. The merger positions Covasant to capitalize on the rapidly growing Agentic AI market in India, projected to reach $1.7 billion by 2030 with a CAGR of 53.9%. Subramanyam, a serial entrepreneur known for building Cigniti Technologies into a global digital assurance leader, emphasized the merger as a critical step to embed AI into enterprise operations beyond automation. Anil Kona, founder of konaAI and DCube, will join as Chief Operating Officer and Executive Director, highlighting the enhanced capability to deliver preventive compliance and risk solutions.