AI product management · Industry brief

Workday has entered into a definitive agreement to acquire C1.ai, a leading agentic identity platform, in a significant AI governance M&A deal. C1.ai provides identity management for the AI era, connecting humans and agents to enterprise systems with scoped access, enforced policies, and human approval, enabling governed AI adoption at scale. Through this acquisition, Workday will strengthen its position as an identity governance layer for people, money and agents across HR, finance, and IT operations, combining C1.ai's access control and audit capabilities with Workday's enterprise context and guardrails. Orrick advised Workday on the transaction.

useABI, a legal AI platform launched by former Greenberg Traurig M&A lawyer Abdulrasheed Ijaodola, generates M&A deal documents including purchase agreement markups, issues lists, and diligence reports with minimal prompting. The platform received its first major deployment in a pilot at an unnamed Am Law 100 firm and distinguishes itself from existing legal AI tools by functioning as a contextual "AI associate" rather than a generic chatbot, incorporating proprietary intelligence around M&A practice and customizable firm preferences rather than relying solely on frontier LLM capabilities from OpenAI, Anthropic, and Google. Key features include automated diligence review of 100,000+ documents, a deal workspace for team collaboration, institutional knowledge capture from prior transactions, and document-generation capabilities designed to reduce associate-level work time from hours to minutes.