TL;DRAsana 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 A backed by Gradient, Epaklon Capital, Lobby VC, LifeX Ventures, and Vercel CEO Guillermo Rauch. The platform allows companies to design, test, deploy, and govern custom AI agents that automate business-critical workflows without writing code.
What Asana gets
Stack AI adds a cross-system execution layer that Asana currently lacks. While Asana’s existing AI products, AI Studio and AI Teammates, operate within Asana’s own work management environment, Stack AI’s agents can reach into ERP, CRM, and IT service management systems to automate processes like customer support, compliance workflows, and cross-functional operations.
