Workday, Inc. has announced a major expansion of its AI investments through Workday Ventures, the company’s strategic capital arm. Since the beginning of 2023, Workday Ventures has invested in 10 new AI innovations, reinforcing its commitment to advancing AI technologies that enhance organizational productivity and decision-making.
- Workday Ventures’ AI Investment Strategy
- Michael Magaro, senior vice president of corporate growth at Workday, highlights the opportunity to connect cutting-edge AI innovations with Workday’s ecosystem of customers, partners, and employees.
- The focus is on investing in technologies that drive the future of work, improving talent management, productivity, and business decision-making.
- Recent AI Investments by Workday Ventures
- Censia: A talent intelligence platform providing AI-driven skills data and insights.
- Glean: An AI platform that integrates with company data for knowledge management, content generation, and task automation.
- Nayya: A benefits intelligence platform that enhances employee benefits selection and engagement.
- Sana: An AI company innovating knowledge sharing and access within organizations.
- TechWolf: An AI-based skills infrastructure company for workforce skills identification and development.
- Uplimit: An AI-driven online learning platform transforming education creation and delivery.
- Simplifying Business Processes with AI
- Benepass: A flexible benefits platform combining pre- and post-tax spending accounts onto a single Visa card.
- Oro Labs: A platform for procurement orchestration, intake management, and supplier onboarding.
- Tesorio: An AI-powered finance operations platform offering data aggregation, actionable insights, and end-to-end automation.
- Vanta: A trust management platform automating security and compliance processes.
- Expanding Access through Workday’s Ecosystem
- Workday Ventures’ portfolio companies are integrated into the Built on Workday program and Workday AI Marketplace.
- These platforms adhere to the Workday Responsible AI Governance Framework, ensuring ethical and effective use of AI technologies.
Workday Ventures is significantly advancing AI capabilities in the workplace with strategic investments in innovative technologies. These investments aim to enhance organizational efficiency, talent management, and business operations, positioning Workday at the forefront of AI-driven transformation in the corporate world.
