Investments in next-generation AI companies reinforce Workday’s commitment to elevating people and energizing work

LAS VEGAS, September 18, 2024 /PRNewswire/ — Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations people And moneyannounced today that the AI ​​momentum continues with Workday VenturesWorkday, Inc.’s strategic capital arm, Workday Ventures, has made 10 new AI investments since early 2023, as part of its focus on AI innovations that help organizations move forward for good.

“There are incredible opportunities ahead of us, including the many ways Workday Ventures can help accelerate the latest AI innovations and connect them with Workday’s growing ecosystem of customers, partners and employees,” said Michael Magarosenior vice president, corporate growth, Workday. “By partnering with visionary AI companies, we’re investing in the latest technologies that will help our customers and the industry move forward.”

Accelerating the future of work with AI. Workday Ventures invests in organizations delivering the latest AI technologies to boost productivity and improve business decision-making in support of evolving workforce needs, including finding, retaining, and developing talent. Recent investments include:

• Censiaa talent intelligence platform that provides AI-driven skills data and insights to employees and HR teams, all within systems like Workday.

• Collectthe Work AI platform that connects all enterprise data, enabling everyone at work to find knowledge, generate content, and automate tasks with AI.

• Noa platform for secondary employment conditions information that enables employees to choose and use their secondary employment conditions.

• Sannean AI company transforming the way organizations share and use knowledge.

• TechWolfa company focused on AI-based skills infrastructure, providing organizations with data to identify and develop the skills of their workforce.

• Maximuman AI-powered online learning platform that revolutionizes the creation and delivery of education.

Simplifying business processes with AI. Workday Ventures invests in solutions that help customers simplify and streamline business processes so organizations can work faster and more effectively. Recent investments include:

• Advantagea flexible benefits platform that consolidates pre-tax and post-tax spending accounts onto one Visa card.

• Oro Laboratoriesa platform for purchasing orchestration, intake management and supplier onboarding.

• Tesoryan AI-driven, connected financial operations platform that collects enterprise-wide data to generate actionable insights and end-to-end automation, improving cash flow management, order-to-cash, and collaboration to drive capital-efficient business growth.

• Vantaa trust management platform that enables organizations to automate their security and compliance processes.

The story continues

Workday Ventures portfolio companies are expanding the ways customers can access emerging technologies as part of the Built on Workday program, which enables them to build, manage and market apps for customers through Marketplace Workday. Several Workday Ventures companies are also mentioned in AI Marketplace Workdayfor which AI solutions must demonstrate that they meet the Workday Responsible AI Governance Framework.

About Workday
Working day is a leading enterprise platform that helps organizations manage their most important asset: their people And money. The Workday platform is built with AI at its core to help customers elevate people, make work better, and advance their business forever. Workday is used by more than 10,500 organizations worldwide and across industries, from midsize 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 beyond our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from those implied by these forward-looking statements, and therefore you should not rely on 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 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, and does not currently intend, to update any such forward-looking statements after the date of this press 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 sole discretion and may not be delivered as planned or at all. Customers who purchase Workday services should base their purchase decisions upon services, features, and functions that are currently available.

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SOURCE Workday Inc.