Workday set up a $ 250 million fund, focusing on cutting-edge technologies such as artificial intelligence and blockchain

Recently, Workday announced the founding of a $ 250 million fund Workday Ventures, the company's strategic investment unit focused on investing in early-stage companies and working with them to develop emerging technologies that can be applied to businesses such as artificial intelligence and Machine Learning, Blockchain and Augmented Reality, Virtual Reality.

Workday executives Leighanne Levensaler and Mark Peek have been named managing directors and co-heads of the fund, while Leighanne will continue to be Senior Vice President of Workday's Enterprise Strategy Mark is an industry veteran with more than 30 years Financial and operating experience, previously co-president and CFO of Workday, having held leadership positions in companies including Amazon and VMware.

It is reported that this 250 million US dollars fund is set up after Workday announced that it will open its cloud platform to create new opportunities for its client and partner ecosystem to expand the core capabilities of Workday.In addition to funding, Companies that Workday Ventures invest in will also gain Workday's rich experience, market knowledge and global reach in enterprise cloud applications, including:

Gain guidance from Workday product executives and executives who guide how companies invest in building and delivering technology on a large scale, and creating sustainable business models.

Connect with Workday customers who are some of the largest and most disruptive brands in the world with more than 26 million users.

Gain practical guidance at the technical level, including with Workday data scientists, architects, and engineers.

Aneel Bhusri, co-founder and CEO of Workday, said: "The launch of Workday Ventures strengthens our commitment to the forefront of enterprise innovation."

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