Asana Acquires No-Code Agent Builder StackAI for $75M
Original: Asana acquires no-code agent-builder StackAI
Why This Matters
Shows workplace software companies betting on AI agents to compete in evolving market
Asana acquired workflow automation company StackAI for $75 million as part of its AI pivot to become an AI-native workplace platform. StackAI's founders will join Asana to accelerate development of human-agent teams.
Asana announced the acquisition of StackAI, a Y Combinator Winter '23 company that builds AI workflow automation systems. StackAI designs agents to operate within business systems like Salesforce, Slack, and Google Workspace. The company had raised just under $20 million, including a recent $16 million Series A from investors like Gradient and Epakon Capital. Asana frames this as part of its strategy to become 'the operating system for human-agent teams,' building on existing AI products like AI Studio and AI Teammates. CEO Dan Rogers stated the acquisition 'accelerates our roadmap and takes us into the next phase of human-agent work.' Asana has struggled in public markets since ChatGPT's launch, losing over half its market cap and seeing founder Dustin Moskovitz step down as CEO in March.