Asana buys no-code agent builder Stack AI as it tries to become the operating system for human-agent teams

TL;DR

Asana has acquired no-code AI agent builder Stack AI for a reported $75 million, adding cross-system workflow execution to its AI platform. The deal was announced alongside a Q1 earnings beat, with revenue up 9.5% to $205.1 million, as the stock trades 53% below its January level.

Asana has acquired Stack AI, a no-code platform for building AI agents that operate across enterprise systems like Salesforce, Slack, and Google Workspace. The deal, reported at $75 million, was announced on 28 May after market close, timed to coincide with Asana’s first-quarter earnings call. Stack AI founders Tony Rosinol and Bernard Aceituno will join Asana. The companies did not officially disclose financial terms.

Stack AI was part of Y Combinator’s Winter 2023 cohort and had raised just under $20 million in total funding, including a $16 million Series Abacked by Gradient, Epaklon Capital, Lobby VC, LifeX Ventures, and...

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