MGT Takes Minority Stake in Eddi to Scale AI-Driven Funding Solutions for SLED Clients

New updates have been reported about MGT.

MGT has taken a minority equity stake in Eddi, an AI-based funding and financial management platform, as part of its strategy to deepen AI-enabled services for state, local, and education (SLED) clients. The deal allows MGT to immediately embed Eddi’s tools for grant discovery, budgeting, analytics, and outcomes tracking into its advisory and technology offerings, rather than building a comparable capability internally.

By integrating Eddi, MGT aims to improve how public sector clients manage both grant and general fund dollars, addressing long-standing pain points around fragmented data, manual eligibility checks, and complex compliance requirements. CEO Trey Traviesa said AI-enabled “grant scraping” is a core pillar of MGT’s latest strategic plan, intended to help agencies move from reactive budget management to proactive financial strategy.

Eddi’s platform consolidates and refreshes disparate grant and funding data, structures it for AI use, and then supports organizations through the full lifecycle of funds—from identifying opportunities to optimizing spend and ensuring compliance. For MGT’s education and government customers, this is expected to reduce the time and labor required to secure and manage funding while improving the quality and competitiveness of applications.

MGT is already deploying Eddi in funding-modernization engagements for two state education departments, where Eddi’s funding intelligence is being integrated with MGT’s project management and advisory capabilities. This early use case is intended to serve as a model for scaling AI-driven funding solutions across MGT’s broader SLED client base.

The investment comes as the global AI in education market is projected to grow from an estimated $9.5 billion in 2026 to roughly $112 billion by 2034, according to Precedence Research, underscoring the growth runway MGT is targeting. The move follows MGT’s broader transformation, including 13 acquisitions in five years and a $350 million investment from Ares Management in December that valued the company at $1.25 billion and positioned it as a unicorn in the SLED services sector.

With more than 1,100 employee-owners serving over 2,500 clients and impacting about 200 million people annually, including 20 million K–12 students, MGT is using the Eddi transaction to reinforce its position at the intersection of public sector consulting and applied AI. Eddi’s CEO and founder, Jeremy Bhatia, said the partnership strengthens both firms’ ability to drive AI adoption in school districts and government agencies by ensuring they are capturing and optimizing every available dollar.