UD Advisory Inc. is pleased to announce that it served as the exclusive financial advisor to Agnostiq, developer of the open-source compute orchestration platform Covalent, in its acquisition by DataRobot, a global leader in enterprise AI solutions.
This transaction represents a strategic expansion by DataRobot into agentic AI and compute infrastructure orchestration. The integration of Covalent’s dynamic, cloud-agnostic workload management platform will enhance DataRobot’s ability to support next-generation AI applications across diverse compute environments, enabling enterprises to deploy and manage AI workloads with greater flexibility, scalability, and cost-efficiency.
With over 140,000 downloads and an active open-source community of 5,000+ users, Covalent has quickly emerged as a trusted platform for teams building AI applications at scale. Agnostiq’s deep technical bench and thoughtful go-to-market execution have positioned it at the forefront of infrastructure abstraction and orchestration, particularly in GPU and heterogeneous computing environments.
“This transaction underscores the accelerating convergence of AI development and infrastructure optimization,” said Ubaid Dhiyan, Founder and Managing Partner at UD Advisory Inc. “It was a privilege to work alongside Oktay Goktas and the Agnostiq team. Their vision for a more open and efficient AI orchestration layer aligns perfectly with DataRobot’s mission to deliver AI that makes business sense.”
This transaction highlights UD Advisory’s differentiated capabilities in advising emerging infrastructure software companies on strategic M&A. The firm continues to partner with technical founders and investors across the cloud infrastructure, AI tooling, and DevOps ecosystems.
About UD Advisory
UD Advisory Inc. is a boutique investment banking firm founded by Ubaid Dhiyan to bring world-class strategic and financial advice to early-stage infrastructure software companies. Ubaid is a seasoned executive with over 20 years of experience in network engineering, technology M&A, capital markets advisory, and strategic business development. Prior to founding UD Advisory, he led the infrastructure software coverage practice at Union Square Advisors and held senior roles at J.P. Morgan and Jefferies.
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