Stack AI
No-code builder for enterprise AI agents, now an Asana product line.
On the record
Checkpoint: Asana Q2 FY27 earnings call, first full quarter reporting Stack AI's revenue contribution
The call
Stack AI stopped being a standalone bet the moment Asana bought it; what happens now depends on Asana's execution and whether hyperscalers copy the integration work before that integration finishes.
Stack AI built tools to let people create AI agents without writing code, and Asana bought it in May 2026 to fold into its project management software. The company had real advantages: 100+ connections to other software, security certifications, and customers in regulated industries like healthcare. But copying these things is not hard. Salesforce already has 8,000 customers using Agentforce, Microsoft and Google are shipping their own no-code AI agent builders, and AI labs like OpenAI are building similar capabilities directly into their AI models, making specialized tools less necessary. The biggest question is whether Asana stays committed to the Stack AI team and keeps investing in it, because Asana's stock price has been volatile, and if the company cuts costs, a 55-person team could be at risk no matter how good the product is.
Why
01
AI pressure: OpenAI, Google, and Anthropic agent SDKs and computer-use tools. Frontier labs are pushing agent orchestration straight into their own SDKs, aiming at the same no-code canvas layer Stack AI sells. Could AI do the core job? Yes, likely.
02
Bigger players: Salesforce Agentforce, Microsoft Copilot Studio, ServiceNow. Salesforce, Microsoft, and ServiceNow already ship competing agent-builder platforms with far bigger sales forces and customer bases. Could a giant copy it? Yes, easily.
03
What protects it. Pre-built integrations, SOC2/HIPAA/GDPR compliance work, and paying regulated customers like Nubank give it a head start hyperscalers haven't matched yet.
What would change this call
Asana's Q2 FY27 earnings call (~July 2026) reports Stack AI's revenue contribution. Confirms whether the ~50bps growth guidance is being met or missed.
Salesforce reports Agentforce customer count surpassing 10,000 or entering mid-market pricing. Shows hyperscaler commoditization of the no-code agent layer is accelerating.
Asana folds the Stack AI brand into core AI Teammates within 12 months of close. Would show the deal was a feature tuck-in rather than a standalone platform bet.
Salesforce reports Agentforce customer count surpassing 10,000 or entering mid-market pricing. Shows hyperscaler commoditization of the no-code agent layer is accelerating.
Asana folds the Stack AI brand into core AI Teammates within 12 months of close. Would show the deal was a feature tuck-in rather than a standalone platform bet.
Key numbers
- Asana paid ~$75M to acquire Stack AI
- Asana expects ~50bps FY27 revenue lift from deal
- Salesforce Agentforce had 8,000+ customers
Named risks
- Hyperscalers commoditizing the no-code agent canvas layer within 12-24 months.
- Asana's own stock volatility (down 53% from Jan 2026 highs) could limit integration investment.
- Stack AI brand could be folded into Asana's AI Teammates as a feature tuck-in within 12 months.
- Revenue and headcount figures are inconsistent and largely self-reported, obscuring true traction.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| Salesforce (Agentforce) | losing to | 8,000+ Agentforce customers vs Stack AI's ~100 named accounts, Jan-Mar 2026 |
| ServiceNow | losing to | Ranked #1 in Gartner 2025 Critical Capabilities report for AI agents |
| Microsoft (Copilot Studio/Agent 365) | contesting | Shipping overlapping cross-system agent orchestration as of 2026 |
| Google (Vertex AI Agent Builder) | contesting | Native agent-builder platform competing directly, 2026 |
| Anthropic | contesting | Computer-use feature overlaps Stack AI's no-code canvas, flagged May 2026 |
Questions people ask
- Is Stack AI still an independent company?
- No. Stack AI was acquired by Asana Inc (NYSE: ASAN) on May 28, 2026 for approximately $75 million, roughly 3.75x the ~$20M it had raised. The full ~55-person team joined Asana, and the product continues as a standalone brand inside Asana's platform.
- Who owns Stack AI now?
- Asana Inc (NYSE: ASAN) owns Stack AI, having acquired it for approximately $75 million on May 28, 2026. This was reportedly Asana's first acquisition in 18 years, aimed at adding cross-system AI agent execution to Asana's Work Graph and AI Teammates products.
- Could hyperscalers like Salesforce or Microsoft replace Stack AI?
- The risk is real: analysts flagged Stack AI's no-code canvas layer as vulnerable to commoditization within 12-24 months, and Salesforce's Agentforce already had 8,000+ customers as of January 2026 versus Stack AI's roughly 100 named enterprise accounts (as of March 2026, self-reported).
- Is joining Stack AI a safe career move in 2026?
- Joining now means joining Asana, not a standalone startup. All ~55 Stack AI employees moved to Asana after the May 28, 2026 acquisition. Asana's own stock fell as much as 53% from January 2026 highs before recovering, so the team's fate is tied to Asana's volatility.
- Is Stack AI profitable?
- No independent profitability figures are public. The founders self-reported 'high seven figures' ARR at the May 2025 Series A and claimed an 8x revenue multiplier after a 2024 pivot away from SMB customers, but these are unconfirmed vendor claims, not audited figures.
- Who are Stack AI's biggest competitors?
- Stack AI's main pressure comes from hyperscalers and CRM/ITSM giants shipping overlapping agent-builder features: Salesforce Agentforce (8,000+ customers, January 2026), Microsoft Copilot Studio/Agent 365, Google Vertex AI Agent Builder, and ServiceNow, ranked #1 in Gartner's 2025 Critical Capabilities report.
Timeline
- 2026-05-29Asana issues FY27 guidance of $850-863.5M revenue, expects Stack AI to add ~50bps growth
- 2026-05-28Asana acquires Stack AI for approximately $75 million; ~55 employees join Asana
- 2026-05-28Asana stock recovers over 13% on acquisition news after falling 53% from January 2026 highs
- 2026-03-01Founders report ~100 enterprise customers and 8x revenue growth after enterprise pivot (self-reported)
- 2025-05-05Stack AI raises $16M Series A led by Lobby Capital
- 2024-05-21Stack AI raises $3M seed round led by Gradient Ventures
- 2024Stack AI cuts approximately 70% of SMB revenue to pivot toward enterprise customers
- 2023-04Stack AI publicly launches as a Y Combinator Winter 2023 batch company
Revision history
30 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Asana acquires no-code agent-builder StackAI (2026-05-28)
- Asana was battered by the AI boom. Now it's betting its future on humans and agents working together. (2026-05-29)
- Stack AI Raises $20M Series A (2026-06-01)
- Stack AI raises $16M for Enterprises to Deploy AI agents at Scale (2025-05-05)
- StackAI Secures $3M in Seed Round Funding (2024-05-21)
- Asana Acquires StackAI for $75M (2026-05-29)
- How Firing SMB Customers Led to 8x Enterprise Sales Growth (2026-03-01)
- StackAI Raises $16M in Series A Funding (2025-05-07)
- StackAI: The Enterprise AI Transformation Platform
- Enterprise AI Agents Comparison Guide 2026 (2026-01-15)
- Asana acquires Stack AI for $75M to build AI agent platform (2026-05-28)
- Asana and Palo Alto Buy Execution and Security Layers (2026-05-31)