Investments in Next-Generation AI Companies
Reinforce Workday's Commitment to Elevating Humans and
Supercharging Work
LAS
VEGAS, Sept. 18, 2024 /PRNewswire/
-- Workday, Inc. (NASDAQ: WDAY), a leading provider of
solutions to help organizations 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 organizations 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 organizations 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 organizations share and
access knowledge.
- TechWolf, an AI-based skills infrastructure company that
provides organizations with the data to identify and develop the
skills of their workforce.
- Uplimit, an AI-driven online learning platform revolutionizing
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 organizations 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 organizations
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 organizations 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 organizations 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
This press release contains
forward-looking statements including, among other things,
statements regarding Workday's plans, beliefs, and expectations.
These forward-looking statements are based only on currently
available information and our current beliefs, expectations, and
assumptions. Because forward-looking statements relate to the
future, they are subject to inherent risks, uncertainties,
assumptions, and changes in circumstances that are difficult to
predict and many of which are outside of our control. If the risks
materialize, assumptions prove incorrect, or we experience
unexpected changes in circumstances, actual results could differ
materially from the results implied by these forward-looking
statements, and therefore you should not rely on any
forward-looking statements. Risks include, but are not limited to,
risks described in our filings with the Securities and Exchange
Commission ("SEC"), including our most recent report on Form 10-Q
or Form 10-K and other reports that we have filed and will file
with the SEC from time to time, which could cause actual results to
vary from expectations. Workday assumes no obligation to, and does
not currently intend to, update any such forward-looking statements
after the date of this release, except as required by law.
Any unreleased services, features, or functions referenced in
this document, our website, or other press releases or public
statements that are not currently available are subject to change
at Workday's discretion and may not be delivered as planned or at
all. Customers who purchase Workday services should make their
purchase decisions based upon services, features, and functions
that are currently available.
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SOURCE Workday Inc.
