Plano, Texas, June 2025 — konaAI, a leader in AI-driven fraud-risk and compliance technology, has announced a strategic merger with Covasant Technologies and DCube Data Sciences Corporation to create a unified powerhouse focused on solving complex risk, compliance, and cybersecurity challenges through Agentic AI. The Texas-based Covasant Technologies now brings together its AI-led services with the deep domain expertise of konaAI and the cybersecurity specialization of DCube—establishing a new benchmark for innovation in enterprise governance.
By integrating konaAI’s best-in-industry compliance analytics and DCube’s strengths in cybersecurity and eDiscovery, and Covasant’s agentic AI capabilities the companies can significantly boost their presence. The merger reinforces its commitment to delivering robust, end-to-end enterprise governance solutions to clients across the US, UK, and Asia-Pacific region.
A Leadership Team Built for the Next Wave of Enterprise AI
The new entity is led by a team of visionary entrepreneurs and globally recognized experts with a proven track record in building high-growth technology companies and solving complex governance challenges for some of the world’s largest organizations.
Vincent Walden, CEO of konaAI, joins the leadership team as a globally recognized authority on forensic data analytics and corporate compliance. Under his leadership, konaAI has helped Fortune 500 companies detect and prevent fraud and corruption with real-time precision. Prior to konaAI, Vincent served as a Managing Director at Alvarez & Marsal and a Partner at Ernst & Young, leading global forensic analytics teams. He was named “Certified Fraud Examiner of the Year” by the Association of Certified Fraud Examiners in 2022.
“Joining hands with Covasant allows us to combine our AI-driven compliance and risk management expertise with Covasant’s broader enterprise AI capabilities to deliver unmatched value for our clients,” said Vincent Walden, CEO, konaAI, a Covasant company.
“In a world of increasing fraud and compliance complexity, risk professionals in Fortune 500 companies trust our platform because it provides precision-engineered, real-time insights that continuously learn. Together, we will set a new standard for proactive risk management, building the ‘dream platform’ for compliance and risk professionals.”
Srikanth Chakkilam, a strategic leader known for scaling innovation-driven technology companies like Cigniti Technologies, leads the company’s global strategy as CEO and Executive Director of Covasant Technologies. He is a Forbes Leadership Award winner and EY Entrepreneur of the Year nominee, known for building institutions that scale and endure.
Sharing his vision for AI-led governance, Srikanth Chakkilam said,
“The era of siloed AI experiments is over. Enterprises today demand unified, secure, and scalable platforms that deliver tangible business outcomes. This merger isn’t just about combining technologies; it’s about integrating deep domain expertise to solve high-stakes business problems. We are creating the definitive leader in Agentic AI-led services for enterprise governance, risk, and compliance.”
Paul Kelley, CEO of DCube Data Sciences, adds deep experience in digital forensics and legal technology. A 25-year veteran who has held leadership roles at KPMG, Deloitte, FTI Consulting, and Stroz Friedberg, Paul brings critical real-world experience in managing litigation, cybersecurity, and eDiscovery.
“We are excited about our merger with Covasant to deliver a stronger joint value proposition to our clients across diverse industry domains,” said Paul Kelley, CEO, DCube Data Sciences, a Covasant company.
“Data is the lifeblood of AI and the biggest point of risk in litigation and cyber-attacks. This strategic alignment enables us to leverage our combined capabilities in cybersecurity, eDiscovery, and data analytics to provide comprehensive solutions that enhance organizational resilience and compliance.”
Navigating the Agentic AI Paradox: A Market at a Crossroads
This merger comes at a pivotal moment. A recent UNCTAD report forecasts the global AI market to surge from $189 billion in 2023 to $4.8 trillion by 2033. While Agentic AI is emerging as the next major frontier, enterprises face the dual challenge of accelerating adoption while mitigating new and complex risks.
With over 80% of executives viewing AI as a strategic advantage (MIT Sloan Management Review) and more than 50% of risk leaders planning to adopt AI-based solutions this year (NAVEX State of Risk and Compliance Report 2024), the demand for a trusted, unified solution has never been more urgent.
The merger, anchored by konaAI’s compliance expertise and DCube’s cybersecurity strengths, delivers exactly that—a secure, scalable, end-to-end platform that empowers enterprises to adopt Agentic AI strategically, confidently, and with measurable results.
About konaAI
konaAI, a Covasant company, delivers real-time fraud detection, anti-corruption, and compliance analytics through a proprietary AI engine. Built to monitor 100% of enterprise transactions, konaAI equips audit and compliance teams with the tools to proactively detect anomalies and reduce risk exposure. Powered by validated ML models and proprietary risk signals, konaAI is trusted by over two dozen Fortune 500 companies.
About Covasant Technologies
Covasant Technologies delivers Agentic AI-led services that address high-impact, industry-specific challenges. Through its Services-as-Software model, Covasant blends AI engineering, cloud, data, and digital transformation capabilities to help global enterprises simplify operations, automate decisions, and deliver business outcomes. With offices in Plano (Texas), London (UK), and Hyderabad (India), Covasant powers intelligent enterprise resilience.
About DCube Data Sciences Corporation
DCube Data Sciences Corporation, a Covasant company, is a leader in automated data services and cybersecurity, providing specialized expertise in threat monitoring, legal analytics, and governance. An ISO 27001-compliant, ITAR-compliant, and SOC II certified firm, DCube supports high-stakes clients in highly regulated sectors with AI-driven solutions.
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