Workday, a finance firm, has announced a new business venture in which they have amassed funds to give capital to AI, VR, and blockchain startups. So far, they have built up $250 million, and plan on saving more funds to give to companies.
Workday hopes that with their funding, these startups will work with them and expand their influence. This new move lines up with Workday’s new cloud platform, meaning they can use this new technology to spread their wings and integrate into new prospects.
“The goal of Workday Ventures is to make Workday’s people and technology expertise available to emerging companies exploring new use cases and innovations that will shape the next generation of enterprise technology,” Leighanne Levensaler, SVP of Corporate Strategy at Workday said.
He continues. “With the explosion of emerging technologies shaping the future of how people work and businesses run, Workday feels it’s important to partner early with companies developing new innovations in areas such as AI and machine learning.”
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