Press Release
Tressage Partners Serves as Exclusive Financial Advisor to Agnostiq
February 10, 2025 — San Francisco, CA — Tressage Partners, a leading boutique investment bank focused on the technology sector, is pleased to announce its role as the exclusive financial advisor to Agnostiq on its acquisition by DataRobot, a leading provider of AI solutions that maximize business impact. The acquisition brings together Agnostiq’s cutting-edge distributed computing platform, Covalent, with DataRobot’s AI-driven enterprise solutions, accelerating the development and deployment of agentic AI applications across diverse compute environments.
Agnostiq’s Covalent platform is a premier AI infrastructure management and compute orchestration solution that enables organizations to scale AI deployments with dynamic resource allocation, cost efficiency, and infrastructure abstraction. With this acquisition, DataRobot enhances its ability to orchestrate heterogeneous computing resources, streamline AI tooling, and provide businesses with increased flexibility to deploy AI models across multi-cloud, on-premises, and hybrid environments.
“We are proud to have advised Agnostiq on this milestone transaction,” said Ubaid Dhiyan, Managing Partner at Tressage Partners. “The integration of Covalent into DataRobot’s ecosystem marks a significant step forward in AI infrastructure management, empowering businesses to drive innovation through scalable and cost-effective AI solutions.”
By leveraging Covalent’s capabilities, DataRobot will provide organizations with:
• Heterogeneous Compute Orchestration: Deploy and manage AI workloads efficiently across CPUs, GPUs, NPUs, and various cluster management systems, including run:ai, Slurm, Nomad, and Kubernetes.
• Reduced AI Infrastructure Complexity and Costs: Optimize AI deployments through dynamic resource allocation, efficient partitioning, and seamless AI tooling integration.
• Open-Source and Vendor-Agnostic Flexibility: Build and scale AI applications without vendor lock-in while benefiting from an established community of 5,000+ users.
“With Covalent’s advanced compute orchestration, we’re thrilled to become part of DataRobot’s journey, working together to help our communities rapidly build and deploy groundbreaking AI solutions with seamless scalability and efficiency,” said Oktay Goktas, Chief Executive Officer of Agnostiq.
This transaction underscores Tressage Partners’ expertise in advising high-growth infrastructure software companies on strategic M&A transactions, capital markets initiatives, and corporate finance strategies.
For more information on the acquisition, please visit DataRobot’s official announcement here.
About Tressage Partners
Tressage Partners is a boutique investment bank focused on Technology. Managing Partner Ubaid Dhiyan brings 20+ years of experience in advising early-stage infrastructure software companies on Technology M&A, Capital Markets, Corporate Finance, and Strategic Business Development.