Asana acquires Stack AI for $75M to build AI agent platform Asana has acquired Stack AI, a no-code platform for building AI agents, for a reported $75 million to enhance its AI capabilities with cross-system workflow automation. The acquisition was announced alongside Asana’s first-quarter earnings, which exceeded expectations with a 9.5% year-on-year revenue increase. Despite positive earnings, Asana’s stock has significantly declined this year, making this acquisition a crucial step to shift the company’s trajectory.

• Asana acquired Stack AI, a no-code platform for building AI agents, for an estimated $75 million.
• The acquisition aims to integrate Stack AI’s cross-system execution capabilities into Asana’s AI platform.
• Asana reported Q1 revenue of $205.1 million, up 9.5% year-on-year, beating estimates.
• The company’s stock has fallen over 53% year-to-date, highlighting a need for strategic shifts.
• Stack AI’s agents can automate workflows across enterprise systems like Salesforce, Slack, and Google Workspace.
• The deal aligns with Asana’s strategy to become the ‘operating system for human-agent teams’. Continue reading https://thenextweb.com/news/asana-acquires-stack-ai-agent-builder-saas