Asana Acquires Stack AI for $75 Million to Build AI Agent Platform
Asana has acquired the Y Combinator-backed startup Stack AI for a reported $75 million, expanding its AI capabilities and aiming to become the "operating system for human-agent teams." This move comes after a successful Q1 earnings report, with revenue up 9.5% to $205.1 million, and stock trading 53% below its year-start value.
The Acquisition:
- What Asana Gains: Stack AI provides a no-code platform for building AI agents that can operate across various enterprise systems like Salesforce, Slack, and Google Workspace. This acquisition adds cross-system workflow execution to Asana’s existing AI offerings.
- Financial Details: While the financial terms were not officially disclosed, reports suggest a $75 million deal. Stack AI founders Tony Rosinol and Bernard Aceituno will join Asana.
- Background: Stack AI joined Y Combinator’s Winter 2023 cohort and had raised approximately $20 million in total funding, including a $16 million Series A round backed by notable investors.
Key Takeaways:
- Asana aims to integrate Stack AI‘s capabilities into its work management platform, enabling users to automate workflows across different systems.
- This acquisition follows Asana’s launch of AI Teammates in April 2026, priced at $15 per user per month, offering pre-built agents for various roles.
- Asana reported Q1 revenue beating the consensus estimate, with record operating margins, and raised its full-year guidance.
- The stock price has been impacted by market trends, but the acquisition is a strategic move to enhance Asana’s position in the AI space.