Asana acquires no-code agent-builder Stack AI

Source: TechCrunch

Acquisition Details

Asana has acquired the workflow automation company Stack AI for $75 million, part of a larger effort to position itself as an AI‑native workplace platform. Stack AI’s founders, Tony Rosinol and Bernard Aceituno, will join Asana as part of the acquisition. The announcement was made on Thursday afternoon to coincide with Asana’s earnings and investor call.

About Stack AI

Stack AI is built as an AI workflow‑automation system that designs agents to operate within existing business tools, pulling data from platforms such as Salesforce, Slack, and G Suite. The startup was part of Y Combinator’s Winter ’23 cohort and faces competition from automation tools like Zapier as well as AI labs such as OpenAI and Anthropic.

Built as an AI workflow‑automation system – TechCrunch article

Funding History

Stack AI raised just under $20 million, according to Pitchbook data, with the majority coming from a recent $16 million Series A round. That round included investors Gradient, Epaklon Capital, Lobby VC, LifeX Ventures, and Vercel CEO Guillermo Rauch.

Series A announcement – Stack AI blog post

Asana’s AI Strategy

While Asana is best known for its work‑management system, it has released several AI‑oriented products in recent years, notably:

• AI Studio – an agent builder
• AI Teammates – a series of pre‑built automations

Asana views its deep integration into corporate workflows as a key advantage, allowing it to provide context and training data that external labs cannot easily access.

AI Teammates product page – Asana AI Teammates

Market Context

Asana has struggled on public markets during the AI era, losing more than half its market‑cap value since the introduction of ChatGPT—a decline that accelerated after founder Dustin Moskovitz stepped down as CEO last March. Nevertheless, revenues have continued to grow steadily, and the new leadership is confident that its human‑agent products will help the company rebound.

CEO Statement

“This acquisition accelerates our roadmap and takes us into the next phase of human‑agent work,” said CEO Dan Rogers. “We’re already seeing real momentum with AI Teammates and AI Studio… Stack AI now lets them go further, agentifying the most complex business processes end‑to‑end.”