Asana acquires Stack AI for $75M to build AI agent platform

Asana has acquired Stack AI, a Y Combinator-backed no-code AI agent builder, for a reported $75 million. The deal adds cross-system workflow execution to Asana's platform, enabling AI agents to operate across enterprise systems like Salesforce, Slack, and Google Workspace — capabilities that Asana's existing AI Studio and AI Teammates products lack. The acquisition was announced alongside Q1 earnings showing $205.1M in revenue (up 9.5% YoY) and a raised full-year guidance of $855–863.5M. Despite the earnings beat, Asana's stock has fallen over 53% since January, trading at roughly $1.5B market cap. CEO Dan Rogers frames the deal as part of a strategy to make Asana the 'operating system for human-agent teams.' The move comes amid intense competition from Salesforce Agentforce, Zendesk, Google, and Monday.com, all racing to embed AI agents into enterprise workflows.