Asana Acquires No-Code Agent-Builder Stack AI for $75 Million

["Asana has acquired the workflow automation company Stack AI for $75 million, a strategic move aimed at positioning itself as an AI-native workplace platform. The acquisition brings Stack AI's founders, Tony Rosinol and Bernard Aceituno, into the Asana fold.", "The deal is part of Asana's broader AI pivot, which seeks to transform its platform into 'the operating system for human-agent teams.' The announcement was made on Thursday afternoon, coinciding with Asana's earnings and investor call. Stack AI was built as an AI workflow-automation system, designing agents to operate within existing business systems and pulling in data from platforms like Salesforce, Slack, and Gsuite.", "Stack AI had raised nearly $20 million in funding, according to Pitchbook data, with the bulk of it coming from a recent $16 million Series A round.

This round included investments from Gradient, Epaklon Capital, Lobby VC, LifeX Ventures, and Vercel CEO Guillermo Rauch. Despite facing stiff competition from automation tools like Zapier and AI labs such as OpenAI and Anthropic, Stack AI's technology will enhance Asana's offerings.", 'Asana has been expanding its AI capabilities in recent years, introducing products like the AI Studio agent builder and AI Teammates series of pre-built automations. The company believes its deep integration into existing corporate workflows provides a key advantage, allowing it to distill context and training data that would otherwise be unavailable.

This move comes as Asana has struggled on public markets during the AI era, losing more than half its market cap value since the introduction of ChatGPT.', "However, under new leadership, Asana remains confident that its human-agent products will enable it to rebound. 'This acquisition accelerates our roadmap and takes us into the next phase of human-agent work,' said CEO Dan Rogers in a statement. 'We're already seeing real momentum with AI Teammates and AI Studio… StackAI now lets them go further, agentifying the most complex business processes end-to-end.'"]