Asana has acquired the workflow automation firm Stack AI, the corporate introduced on Thursday after market closed, half of a bigger effort to place itself as an AI-native office platform. Stack AI’s founders, Tony Rosinol and Bernard Aceituno, will be a part of Asana as a part of the acquisition. The corporate declined to share monetary phrases of the deal.
Asana framed the acquisition as a part of its broader AI pivot, during which it tries to rework its platform into “the working system for human-agent groups.”
The announcement was timed to coincide with Asana’s earnings and investor name.
Constructed as an AI workflow-automation system, Stack AI designs brokers to function inside present enterprise methods, pulling in knowledge from Salesforce, Slack, Goggle Workspace, and different methods. The startup, which was a part of Y Combinator’s Winter ’23 cohort, has confronted fierce competitors from automation instruments like Zapier in addition to AI labs like OpenAI and Anthropic.
Stack AI had raised just below $20 million, in line with Pitchbook knowledge, with most of it coming in a latest $16 million Collection A spherical. That round included funding from Gradient, Epaklon Capital, Foyer VC, LifeX Ventures, and Vercel CEO Guillermo Rauch.
Whereas customers are probably most accustomed to Asana’s work administration system, the corporate has launched a lot of AI-oriented merchandise lately, most notably the AI Studio agent builder and AI Teammates collection of pre-built automations. Whereas equal instruments can be found from main labs, Asana sees its deep integration into present company workflows as a key benefit, permitting it to distill context and coaching knowledge that will in any other case be unavailable.
Asana has struggled within the public markets through the AI period, dropping greater than half its market cap worth for the reason that introduction of ChatGPT — a spiral that grew worse with the departure of founder Dustin Moskovitz as CEO final March. However revenues have continued to develop steadily, and the brand new management is assured that its new human-agent merchandise will allow it to rebound.
“This acquisition accelerates our roadmap and takes us into the following part of human-agent work,” stated CEO Dan Rogers in a press release. “We’re already seeing actual momentum with AI Teammates and AI Studio… StackAI now lets them go additional, agentifying probably the most advanced enterprise processes end-to-end.”
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