# Workday Ventures announces $250 million fund
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-02-09
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Workday Launches $250M Fund for AI and Blockchain Tech
Meta Description: Investment to focus on AI and blockchain; Workday execs LeighanneLevensaler and Mark Peek appointed as Co-Heads
URL: https://financedigest.com/workday-ventures-announces-250-million-fundhtml

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_Investment to focus on emerging enterprise tech such as AI and blockchain;_

_Workday executives LeighanneLevensaler and Mark Peek appointed Managing Directors and Co-Heads_

[Workday, Inc.](https://www.workday.com/) (NASDAQ: [WDAY](https://globenewswire.com/News/Listing?symbol=WDAY&exchange=2)), a leader in enterprise cloud applications for [finance](https://www.workday.com/en-us/applications/financial-management.html) and [human resources](https://www.workday.com/en-us/applications/human-capital-management.html), today announced a $250 million Workday Ventures fund. [Workday Ventures](https://www.workday.com/en-us/company/workday-next.html#ventures-content) 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, LeighanneLevensaler 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](https://www.financedigest.com/north-america-wound-debridement-products-market-2021-global-leading-companies-analysis-revenue-trends-and-forecasts-2024.html "North America Wound Debridement Products Market 2021 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2024") applications. Mark, an enterprise industry veteran, [brings more than 30 years](https://www.financedigest.com/ecb-engaged-in-bringing-down-inflation-to-2-in-two-to-three-years-from-now-villeroy.html "ECB engaged in bringing down inflation to 2% in two to three years from now – Villeroy") 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](https://blogs.workday.com/qa-the-latest-on-the-open-workday-cloud-platform/) 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](https://www.financedigest.com/white-bullets-integration-with-silverbullets-next-generation-context-outcomes-engine-4d-is-now-live.html "White Bullet’s integration with Silverbullet’s next generation Context Outcomes Engine, 4D, is now live") 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](https://www.financedigest.com/building-a-portfolio-for-retirement.html "Building A Portfolio For Retirement") 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](https://www.financedigest.com/total-allowable-catches-tac-and-fishing-quotas-across-the-world-turning-favourable-for-the-global-mackerel-market-sales.html "Total Allowable Catches (TAC) And Fishing Quotas Across The World Turning Favourable For The Global Mackerel Market Sales") a community of more than 26 million users.
- Hands-on engagement at the technology [level including access to Workday data](https://www.financedigest.com/data-time-for-some-levelling-up.html "Data – Time for some “Levelling Up”") scientists, architects, and engineers.

**Comments on the News**

“Our investment in Workday Ventures reinforces our commitment to [staying](https://www.financedigest.com/the-alcohol-breathalyzer-drug-testing-equipment-market-to-stay-innovatively-persistent.html "The Alcohol Breathalyzer Drug Testing Equipment Market to stay innovatively persistent") at the forefront of enterprise innovation,” said AneelBhusri, 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](https://www.financedigest.com/nitrate-free-bacon-market-industry-research-segmentation-key-players-analysis-and-forecast-to-2029.html "Nitrate-Free Bacon Market Industry Research, Segmentation, Key Players Analysis and Forecast to 2029") leader, supporting the growth of our portfolio companies, community, and business.”


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