Frisco-based AI and data startup Arhasi receives strategic investment from Alpha Transform Holdings » Dallas innovates

Enzo Villani, CEO of Alpha Transform Holdings (left) and Chiru Bhavansikar, Chief AI Officer of Arhasi

Frisco-based AI solutions engineering company Arhasi Inc. has received a strategic investment from Alpha Transform Holdings (ATH), which also invested in Florida-based Cloudbench LLC.

In connection with this investment, Enzo Villani, CEO of ATH and Managing Partner of Alpha Sigma Capital, has joined the advisory boards of both Arhasi and Cloudbench. ATH is a fintech, AI, media and digital asset investment and advisory organization whose representatives are said to have extensive experience in creating and building market systems.

Arhasi and Tampa-based Cloudbench, a partner since its founding in 2023, are partners at Google, a leading emerging technology consulting firm, and industry veterans from companies such as Deloitte, PwC, Microsoft, AWS, IBM, and Google. is led by

Instilling “Enterprise AI Integrity”

Chiru Bhavansikar, Chief AI Officer at Arhasi, said that users trust powerful and reliable AI agents across industries.

“We are seeing the integration of AI agents spreading across sectors such as securities, banking, finance and insurance, changing many aspects of operations,” Bhavanshikar said in a statement. “We are seeing AI being adopted for customer interactions, investment protocols, and operational tasks across a wide range of industries.”

“However, users are concerned about the lack of explainability, which can hinder assessment of the conceptual consistency of the system,” he added. Nevertheless, we believe that AI has the potential to streamline financial processes on the Web3 platform by effectively leveraging the synergies between the two technologies. ”

By partnering with Cloudbench, “using our innovative platform and technology, we are poised to instill the integrity of enterprise AI,” said Bhavanshikar.

According to ATH, the two companies are jointly paving the way to an AI and decentralized-driven future through four areas of expertise: AI/ML engineering, data services, cloud engineering, and Web3 development.

Frisco’s joint “AI and Data Foundry”

Arhasi and Cloudbench are launching a joint AI and data foundry in Frisco, staffed by machine learning engineers, data scientists, data architects, and dApp developers from top universities including Cornell University, Duke University, University of California, and University of Texas. I placed it. ATH said.

“We are focused on AI and Web3 technologies, and given the $1 trillion+ market potential for AI services, our goal is to provide comprehensive, world-class AI and to build Web3 development capabilities,” ATH CEO Enzo Villani said in a statement. “This includes providing a wide range of services such as AI strategy and implementation planning, algorithm design, AI model and dApp development. Cloudbench and Arhasi will work closely together to bring our AI and Web3 development expertise and It acts as a critical bridge between evolving requirements and facilitates a seamless transition to AI and Web3 adoption and product development.”

According to a MarketsAndMarkets report, the global AI market size was valued at $150.2 billion in 2023 and is expected to grow at a CAGR of 36.8% from 2023 to 2030, ATH noted. Revenue forecast for 2030 is that he is expected to reach $1,345.2 billion.

“The future of the AI and Web3 services market looks promising. AI is poised to revolutionize every industry and customer segment and become an essential asset for businesses around the world,” said Tom, Founder of Cloudbench. Richer said in a statement. “With continued innovation led by industry leaders like our strategic partner Google, we expect the market to experience rapid growth in the coming years, driven by both rising demand and government support. With the support of ATH and strategic partner Arhasi, Cloudbench is in a strong position to accelerate the adoption of AI in the mid-market, positioning us as a leading consultancy at the forefront of artificial intelligence and Web3. Masu.”

AI consulting and engineering expertise

Arhasi’s Bhavansikar is a technology leader with over 20 years of experience conceptualizing, strategizing, and innovating cloud, data, and AI solutions. ATH said he pioneered Australia’s first cloud computing platform, spearheaded Deloitte’s AI Financial Forecasting platform and played a key role in the formation of the Cloudera Director platform.

During his time at Deloitte and PwC, Mr. Bhavansikar led the establishment of AI engineering capabilities. He also provided strategic consulting to Google and helped strengthen its data governance services.

Cloudbench’s Richer is a technology industry veteran and entrepreneur with over 30 years of experience focused on providing AI and cloud technology consulting services for enterprise businesses. He has held founder, CEO, board advisor, and executive level positions at multiple startups and leading technology services companies such as Deloitte, Capgemini, Cognizant, and technology giants such as IBM, Microsoft, and HP. Ta.