Corporate spending on artificial intelligence is expected to surge from $340 billion in 2025 to around $3 trillion by 2035. Despite this massive influx of capital, there is a growing disconnect between the money organizations are investing and the actual value realized from productivity gains.
New data has highlighted the alarming scale of this problem across the corporate world. Currently, the top 2,000 public companies globally have an estimated $18 trillion of value locked up. This massive capital is trapped due to obsolete legacy systems, siloed data, and years of accumulated technical debt.
To directly address this trillion-dollar challenge, Straive announced the acquisition of NextGen Invent, a specialized AI engineering provider. Straive, a recognized leader in data and AI operationalization, is making this strategic move to help organizations scale the technology successfully and transform their core operations.
Ankor Rai, CEO of Straive, explained the synergy driving this deal: “Straive helps clients build and run AI that replaces and transforms the legacy enterprise. NextGen Invent’s hands-on experience in developing AI solutions and deploying them to transform and automate complex industry-specific workflows fits very well with Straive’s focus on Data & AI Operationalization”.
The acquisition brings NextGen Invent’s deep engineering expertise, with offices in New York and Noida, into the global fold. The transaction was made possible with the support of Novistra Capital, who acted as the exclusive sell-side advisor to NextGen Invent.
The ultimate goal of this merger is to recoup the immense value currently tied up in technical enterprise debt. Namit Sureka, President & Chief Analytics & AI Officer at Straive, highlighted the operational benefits: “By bringing NextGen Invent’s forward-deployed engineers into the Straive fold, we will be accelerating our ability to land and seamlessly scale up to build, run, and transform our clients’ business priorities”.