Investments in Next-Generation AI Companies Reinforce Workday’s Commitment to Elevating Humans and Supercharging Work
LAS VEGAS, September 18, 2024 – Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organisations manage their people and money, today announced continued AI momentum with Workday Ventures, the strategic capital arm of Workday, Inc. Workday Ventures has made 10 new AI investments since the beginning of 2023, as part of its focus on AI innovations that help organisations move forever forward.
“There is incredible opportunity in front of us, including the many ways Workday Ventures can help accelerate and connect the latest AI innovations to Workday’s growing ecosystem of customers, partners, and employees,” said Michael Magaro, senior vice president, corporate growth, Workday. “By partnering with visionary AI companies, we are investing in the latest technologies that will help drive our customers and the industry forward.”
Accelerating the Future of Work with AI. Workday Ventures invests in organisations delivering the latest AI technologies to drive productivity and improve business decision-making to support evolving workforce needs, including sourcing, retaining, and developing talent. Recent investments include:
- Censia, a talent intelligence platform that brings AI-enabled skills data and insights to employees and HR teams, all within systems like Workday.
- Glean, the Work AI platform connected to all company data, enabling everyone at work to find knowledge, generate content, and automate tasks with AI.
- Nayya, a benefits intelligence platform that enables employees to choose and engage with their benefits.
- Sana, an AI company transforming how organisations share and access knowledge.
- TechWolf, an AI-based skills infrastructure company that provides organisations with the data to identify and develop the skills of their workforce.
- Uplimit, an AI-driven online learning platform revolutionising education creation and delivery.
Simplifying Business Processes with AI. Workday Ventures is investing in solutions that help customers simplify and streamline business processes to help organisations move faster and more effectively. Recent investments include:
- Benepass, a flexible benefits platform that consolidates pre- and post-tax spending accounts onto a single Visa card.
- Oro Labs, a procurement orchestration, intake management, and supplier onboarding platform.
- Tesorio, an AI-powered connected finance operations platform that aggregates company-wide data to drive actionable insights and end-to-end automation, enhancing cash flow management, order-to-cash, and collaboration to drive capital efficient business growth.
- Vanta, a trust management platform that helps organisations automate their security and compliance processes.
Workday Ventures’ portfolio companies are expanding the ways customers can access new technologies as part of the Built on Workday program, which enables them to build, manage, and market apps to customers via Workday Marketplace. Several Workday Ventures companies are also featured in Workday AI Marketplace, which requires AI solutions to demonstrate adherence to the Workday Responsible AI Governance Framework.
About Workday
Workday is a leading enterprise platform that helps organisations manage their most important assets – their people and money. The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organisations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com.
© 2024 Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.
Forward-Looking Statements
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