• Early growth and competition for Stack AI
• Asana’s AI pivot and product buildup
• The acquisition and integration
• Investor reaction and future stakes

Asana Acquires No-Code AI Agent Builder Stack AI for $75 Million Asana is betting that deeper automation can revive its struggling stock, snapping up no-code AI agent builder Stack AI in a $75 million deal timed to reassure investors about its AI strategy.

§Early growth and competition for Stack AI

Stack AI emerged from Y Combinator’s Winter 2023 cohort as a no-code platform for designing, testing, deploying, and governing custom AI agents that automate business workflows across tools like Salesforce, Slack, and Google Workspace. The startup raised just under $20 million, including a $16 million Series A backed by Gradient, Epaklon Capital, Lobby VC, LifeX Ventures, and Vercel CEO Guillermo Rauch. Despite this momentum, it faced stiff competition from integration services such as Zapier and AI labs like OpenAI and Anthropic.

§Asana’s AI pivot and product buildup

In parallel, Asana had been layering AI into its work management platform, rolling out AI Studio, an agent builder, and AI Teammates, a $15-per-user-per-month suite of pre-built automations for functions like marketing, IT, and operations. Asana framed these tools as steps toward becoming “the operating system for human-agent teams,” a phrase it has repeatedly used since AI Teammates became generally available in April 2026.

§The acquisition and integration

On May 28, 2026, after market close, Asana announced it would acquire Stack AI for $75 million and fold its founders, Tony Rosinol and Bernard Aceituno, into the company. Unlike Asana’s existing AI tools, which mainly operate inside Asana, Stack AI brings a cross-system execution layer that reaches into ERP, CRM, and IT service management systems to automate customer support, compliance, and cross-functional workflows.

§Investor reaction and future stakes

The news landed alongside Asana’s first-quarter earnings: revenue of $205.1 million, up 9.5% year-on-year, beating expectations and prompting a guidance raise to as much as $863.5 million for the year. The stock rose 3.3% in after-hours trading but remains down more than 50% since early 2026 amid the broader “SaaSpocalypse” and leadership turmoil following founder Dustin Moskovitz’s departure as CEO.

New CEO Dan Rogers cast Stack AI as a catalyst for the “next phase of human-agent work,” arguing the combined platform’s deep integration into corporate workflows will be Asana’s edge in an increasingly crowded AI market.

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