Full-Time
Posted on 9/17/2025
Task management and project collaboration platform
$146k - $186k/yr
Company Historically Provides H1B Sponsorship
San Francisco, CA, USA
Hybrid
Standard in-office days are Monday, Tuesday, and Thursday. Most employees have the option to work from home on Wednesdays. Working from home on Fridays depends on the type of work and teams.
Asana helps teams organize, assign, and track work to boost productivity. Its platform lets users create tasks and projects, assign owners, set due dates, and monitor progress through views like lists, boards, and timelines. Real-time insights and over 200 integrations with other tools help teams coordinate and adapt to changing priorities. Asana runs on a subscription model, with customers paying monthly or yearly for access, plus optional premium features. It differentiates itself through focused onboarding support for data migration, a wide network of integrations, and clear, shared visibility into who is responsible for what and when it is due. The goal is to help organizations collaborate more effectively, deliver quality work faster, and scale work management from small teams to large enterprises.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2008
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Mental Health Support
Wellness Program
Professional Development Budget
Family Planning Benefits
401(k) Retirement Plan
RBC Capital analyst Rishi Jaluria upgraded Asana to Sector Perform on 1 April, maintaining a $7 price target following management meetings. The analyst noted that AI Studio has reached $6 million in annual recurring revenue with eight customers spending at least $100,000. The AI Teammates beta launched with 200 customers as an entry point for broader adoption. Jaluria said the company is receiving strong feedback on both products and expects AI to contribute 15% of new annual recurring revenue this year. The upgrade follows Asana's fourth-quarter results, which showed adjusted earnings per share of 8 cents versus a 7-cent consensus estimate and revenue of $205.57 million versus $205.13 million consensus. Previously, KeyBanc and Bank of America lowered their price targets whilst maintaining positive ratings.
Asana has reported softer billings growth, net revenue retention below 100%, and an extended customer acquisition cost payback period, raising concerns about customer demand and retention. The combination of weaker expansion from existing customers and slower returns on sales and marketing spend suggests growth investments are taking longer than expected to generate recurring revenue. In February 2026, Asana increased its share repurchase authorisation to $410 million, a move that raises questions about capital allocation between shareholder returns and funding product innovation crucial for future growth. The company's narrative projects $1 billion revenue and $114.5 million earnings by 2029, requiring 8.3% annual revenue growth. Some analysts had already assumed conservative growth of 8.4% annually with no profitability by 2028, and recent retention challenges could push forecasts lower.
Indian startup Rocketlane raises $60m series C. Rocketlane is a Chennai-based automation software firm, and it raised US$60 million in a series C led by Insight Partners to bring total funding to US$105 million. The company previously raised US$24 million in 2024 in a series B co-led by 8VC, Matrix Partners India, and Nexus Venture Partners. The fund will be used to build more AI agents for its Nitro product and to expand enterprise go-to-market efforts. The company serves over 750 customers, including Intercom, Glean, and Notion. Food for thought. Implications, context, and why it matters. Rocketlane's rapid growth comes from a simple per-seat subscription plan. * Rocketlane reported 500 paying customers worldwide at its June 2024 Series B announcement, then said it serves more than 750 customers 1. * It charges per seat, with published plans from $19 to $99 per user per month when billed annually, plus a five-person minimum on listed tiers 2. * Nitro, its new AI product, sits on a separate add-on tier with published pricing up to $109 per team member per month when billed annually 2. The funding backs a move from AI copilots to autonomous agents in business software. * The investment supports a shift past basic AI helpers toward 'agentic' systems, which are AI tools that can run specialized work on their own such as staffing projects or enforcing time-tracking rules 3. * Rocketlane says Nitro uses AI agents inside project workflows that can spot risks, rebalance resources, and finish repeatable tasks, plus it claims professional services teams can cut delivery effort by up to 50% 4. * Rocketlane says it competes with professional services automation (PSA) platforms such as Kantata, plus project management tools such as Asana and Monday.com 1. How would you feel if you could no longer use Tech in Asia? Share, tag us, and land on our Wall of!
Asana has announced CFO Sonalee Parekh will step down after less than two years, with Aziz Megji, head of financial planning and analysis, promoted to replace her effective 24 March. Parekh tendered her resignation on 26 February, with the company stating there were no disagreements and her departure was unrelated to operations or accounting practices. Megji, 44, joined Asana in December 2024 and previously held senior finance roles at RingCentral, NVIDIA and Hewlett Packard Enterprise. He will receive a $600,000 annual base salary and be eligible for a 35% target bonus. The San Francisco-based work management platform reported fourth-quarter revenues of $205.6 million, up 9% year over year, with GAAP net loss narrowing to $32.2 million.
Asana, a work management platform, reported fourth-quarter revenue of $205.6 million, up 9.2% year-on-year and in line with analyst expectations. Non-GAAP earnings of $0.08 per share also met consensus estimates. The company guided next quarter's revenue to $203.5 million, roughly matching analyst forecasts. Full-year adjusted EPS guidance of $0.37 beat estimates by 2.7%. Operating margin improved to negative 16.5% from negative 33.8% in the prior year, whilst free cash flow margin rose to 11.8%. Despite meeting expectations, Asana's stock declined following the results. The company, which has 25,928 customers paying over $5,000 annually, has seen growth slow to 10.1% over the past two years from 28.4% over five years.