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Workday Launches $250 Million Venture Fund

BY: APA Staff | 05/11/18

Workday announced it is launching a $250-million venture fund focusing on emerging technologies such as artificial intelligence (AI), machine learning, block chain, and augmented and virtual reality.

Workday will use the fund to invest in early-stage startups that are pioneering new ways to use emerging technologies in the enterprise. Startups will receive business guidance and access to Workday customers, product executives, data scientists, architects, and engineers. In return, Workday will gain hooks into new technologies that expand its platform.

“Our investment in Workday Ventures reinforces our commitment to staying at the forefront of enterprise innovation,” Workday’s CEO Aneel Bhusri said. “Combining the leadership of Leighanne and Mark with our deep understanding of the enterprise market will position Workday Ventures as an industry leader, supporting the growth of our portfolio companies, community, and business.”

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