Stack AI Acquired by Asana | Technology M&A Deal

Asana has acquired Stack AI, a enterprise software business in California, for $75 million. Asana, a workplace management platform, is using the Stack AI acquisition to add a no-code AI agent builder that helps teams deploy agentic workflows alongside human work. The Asana acquisitions strategy targets the shift from seat-based SaaS to AI agents that can execute tasks previously handled by multiple employees, with the goal of strengthening enterprise software adoption in the Bay Area. The add on acquisition is a strategic acquisition by Asana, its first in 18 years, announced in 2026 as the company repositions its platform for technology M&A tied to agentic AI.