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Asana Acquires Stack AI for $75 Million to Manage Human-Agent Workflows
Asana announced the purchase of AI agent builder Stack AI alongside first-quarter results showing revenue of $205.1 million. The deal marks the company's first acquisition in 18 years and comes as its market value has fallen by roughly half since the AI boom began.
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Workplace management company Asana announced Thursday that it acquired Stack AI, a no-code AI agent builder, for $75 million. The transaction is the company's first acquisition in 18 years and was announced with first-quarter earnings that beat expectations.
5% increase from the same quarter a year earlier. New AI products accounted for more than 17% of new annual recurring revenue, and the number of customers spending over $100,000 annually on AI Studio nearly doubled during the quarter.
AI builds agents that complete complex workflows across enterprise systems such as employee onboarding and marketing content publishing. Its co-founders, Toni Rosinol and Bernard Aceituno, will join Asana with the company's team of about 55 employees.
Stack AI had raised just under $20 million before the deal. CEO Dan Rogers said the acquisition accelerates Asana's plan to manage both human workers and AI agents. 38. The company said investor concerns about seat-based SaaS models in an era of agentic AI contributed to the decline.
Rogers noted that coordination challenges increase as AI agents proliferate across enterprises. Competitors including Salesforce and ServiceNow are also developing cross-system agent orchestration tools. Rogers said Asana's existing presence across marketing, IT, operations, and planning departments gives it a coordination role that larger rivals may not easily replicate.
