Workday News: $250 Million Ventures Fund & Leadership Appointments

Workday News: $250 Million Ventures Fund & Leadership Appointments
08.02.2018 05:47 am

Workday News: $250 Million Ventures Fund & Leadership Appointments

Artificial Intelligence , Blockchain

Workday, Inc. (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, today announced a $250 million Workday Ventures fund. Workday Ventures is the company's strategic investment arm focused on identifying, investing, and partnering with early to growth stage companies developing emerging technologies - such as artificial intelligence (AI) and machine learning, blockchain, and augmented and virtual reality - that can be applied to the enterprise.

Workday Ventures will be run by seasoned Workday executives, Leighanne Levensaler and Mark Peek, who have been named managing directors and co-heads. Leighanne will serve in the role in addition to her position as senior vice president of corporate strategy at Workday, which she took on in 2016 after leading product management for the company’s applications. Mark, an enterprise industry veteran, brings more than 30 years of finance and operational experience to Workday Ventures, having previously served as co-president as well as chief financial officer at Workday in addition to leadership positions at companies including Amazon and VMware. 

The $250 million fund comes after Workday announced it will open up its cloud platform, creating new opportunities for its customer and partner ecosystem to extend the power of Workday’s core applications. The investment in Workday Ventures builds on this effort and the company’s continued extensibility journey, making its people and technology expertise available to emerging companies exploring new use cases and innovations that will shape the next generation of enterprise technology.

In addition to funding, Workday Ventures portfolio companies will receive access to Workday’s extensive experience, market know-how, and global reach in the enterprise space, including:

  • Access to Workday product executives and leadership who can guide portfolio companies on navigating the enterprise including building and delivering technologies at scale as well as creating sustainable business models.
     
  • Connections to Workday customers - some of the largest and most disruptive brands in the world totaling a community of more than 26 million users. 
     
  • Hands-on engagement at the technology level including access to Workday data scientists, architects, and engineers.

Comments on the News
“Our investment in Workday Ventures reinforces our commitment to staying at the forefront of enterprise innovation,” said Aneel Bhusri, co-founder and CEO, Workday. “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.”

Related News

Numerix Launches New Artificial Intelligence Solution to Address $200 Trillion of Financial Contracts Affected by the Global LIBOR Transition

Numerix, the leader in risk technology, has partnered with NextGen Strategic Advisors, an innovative Financial Institutions management consulting firm, to introduce Numerix... Read more »

Kooomo launches state-of-the-art AI Chatbot

Following the launch of its new Help Centre, digital eCommerce solutions specialist, ... Read more »

Sidetrade Joins the Ranks of Euronext’s Rising Tech Stars

Sidetrade (Euronext Growth: ALBFR.PA), the artificial intelligence platform dedicated to accelerating company revenue and cashflow, has earned the European Rising... Read more »

QuantaVerse offers AI-powered country code derivation to enable financial institutions to experience the potential of automated entity resolution

QuantaVerse, which uses AI and machine learning to automate financial crime investigation processes, is now offering the country code... Read more »

Ethically accelerating businesses with the use of Artificial Intelligence

Businesses have an opportunity to discover the opportunities and challenges as well as benefits of Artificial Intelligence in a free Immersive Tech Session on Monday 6th of... Read more »

FICO Awarded 13 New Patents for Responsible AI, Fraud and Decision Management

Silicon Valley analytic software firm FICO has been awarded 13 new patents related to fraud, artificial intelligence (AI) and decision management. In total, FICO currently... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel