Hyderabad-Based Covasant Merges With KonaAI, DCube Data Sciences

Hyderabad: Hyderabad-based agentic AI solutions player Covasant Technologies announced its merger with two US-based companies- konaAI and DCube Data Sciences Corporation. This combines KonaAI’s compliance expertise and DCube’s cybersecurity and eDiscovery strengths.

Covasant is helmed by CV Subramanyam. Before founding Covasant, Subramanyam built Cigniti Technologies into an over $250-million revenue company with a 5,000-plus workforce.

“We embed AI into our clients’ business. The merger is a step in realising our vision to lead in agentic AI-led services-as-software,” said CV. Subramanyam, chairman and managing Director, Covasant Technologies, said.

“Our focus has been on enabling clients to detect compliance anomalies, uncover fraud, waste and abuse across financial transaction ecosystems. Joining forces with Covasant enhances our ability to harness AI to deliver preventive compliance and risk solutions,” said Anil Kona, founder of konaAI and DCube, according to a release.