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Fortune
Fortune
Lily Mae Lazarus

Exclusive: AI startup Axiamatic raises $54 million to help companies push their digital transformations forward

Rajiv Gupta (right) and Kaushik Narayan (left) smile (Credit: Courtesy of Axiamatic)

Enterprise transformations are one of the biggest line items in corporate budgets—and one of the easiest ways to light money on fire.

Global digital transformation spending is expected to hit roughly $3.4 trillion in 2026, yet research from McKinsey suggests about 70% of major change programs run late, blow past budget, or fail to meet their objectives, with ERP projects faring even worse. Rajiv Gupta, a three‑time founder (whose previous startups were acquired by Oracle, Cisco, and McAfee), is betting his fourth company can turn that failure rate into its addressable market.​

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