Workday Acquires AI Startup Sana For $1.1 Billion

Core Insights - Workday Inc. has entered into a definitive agreement to acquire Sana, an AI company, for approximately $1.1 billion, aiming to enhance its enterprise knowledge tools [1][4] - The acquisition is expected to accelerate Sana's growth and innovation, allowing it to continue developing its products, including Sana Learn and Sana Agents [2][4] - Workday plans to integrate knowledge, data, actions, and learning into a single interface, creating what it describes as the "work experience of the future" [3][4] Financial Details - Workday will acquire all outstanding shares of Sana for about $1.1 billion, with the deal expected to close in the fourth quarter of Workday's fiscal 2026 [4] - As of July 31, 2025, Workday reported cash, cash equivalents, and marketable securities totaling $8.19 billion [5] Strategic Initiatives - The acquisition will leverage Workday's data on people and finances, along with its partner ecosystem, to provide a more personalized employee experience [3][4] - More than 15 portfolio companies from Workday Ventures have joined its Agent Partner Network, integrating AI agents into the Workday Marketplace [6]