Asana has acquired the workflow automation firm StackAI for $75 million, half of a bigger effort to place itself as an AI-native office platform. StackAI’s founders, Tony Rosinol and Bernard Aceituno, will be a part of Asana as a part of the acquisition.
Asana framed the acquisition as a part of its broader AI pivot, during which it seeks to construct its platform into “the working system for human-agent groups.”
The announcement was introduced Thursday afternoon to coincide with Asana’s earnings and investor name.
Constructed as an AI workflow-automation system, StackAI designs brokers to function inside present enterprise techniques, pulling in information from techniques like Salesforce, Slack, and Gsuite. A part of Y Combinator’s Winter ’23 cohort, the corporate has confronted fierce competitors from automation instruments like Zapier in addition to AI labs like OpenAI and Anthropic.
StackAI had raised slightly below $20 million, in keeping with PitchBook information, with most of it coming in a current $16 million Sequence A spherical. That spherical included funding from Gradient, Epakon Capital, Foyer VC, LifeX Ventures, and Vercel CEO Guillermo Rauch.
Whereas customers are seemingly most accustomed to Asana’s work administration system, the corporate has launched various AI-oriented merchandise lately, most notably the AI Studio agent builder and AI Teammates sequence 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 information that will in any other case be unavailable.
Asana has struggled on public markets throughout the AI period, shedding greater than half its market cap worth because the introduction of ChatGPT — a spiral that grew worse with the departure of founder Dustin Moskovitz as CEO final March. However income has continued to develop steadily, and the brand new management is assured that its human-agent merchandise will allow it to rebound.
“This acquisition accelerates our roadmap and takes us into the subsequent part of human-agent work,” stated CEO Dan Rogers in an announcement. “We’re already seeing actual momentum with AI Teammates and AI Studio … StackAI now lets them go additional, agentifying essentially the most complicated enterprise processes end-to-end.”
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