Workday said it established a $250 million corporate venture fund managed by its investment arm, Workday Ventures.
The fund comes as Workday moves to open up its cloud platform to a partner ecosystem. Investments will focus on early to growth stage companies with emerging technologies for the enterprise, such as artificial intelligence, machine learning, blockchain, and augmented and virtual reality.
Workday Ventures will be run by managing directors Leighanne Levensaler and Mark Peek. Levensaler is senior vice president of corporate strategy, while Peek was previously chief financial officer.
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