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.
Axiamatic, Gupta’s new startup with co-founder Kaushik Narayan, is emerging from stealth, Fortune has learned exclusively, with $54 million from Greylock Partners and Bessemer Venture Partners to sell what it calls an “agentic control plane” for enterprise transformations. He says the platform is already in use inside large enterprises including Heico (an aerospace and defense company on the Fortune 1000) and Marmon (a subsidiary of Berkshire Hathaway), as well as major systems integrators, to manage large‑scale initiatives.
“These programs have exceeded the human capacity for cognition and coordination. There’s a sea of workshops, tickets, and documents,” Gupta told Fortune. “It’s humanly impossible to keep track of that. Misalignments and drift build up, and you only catch them very late, if at all—which is what causes the delays and cost overruns.”
