After its stock plunged 73% over the past six months amid investor concerns that artificial intelligence could undermine its business model, software company monday.com is going on the offensive. Seeking to shake off its status as one of the symbols of the so-called “SaaS apocalypse,” the company is looking to reinvent itself by backing startups that were born in the AI era.

Monday, which developed a work management and operating platform for organizations, is launching a venture investment arm and allocating up to $200 million to the initiative. The sum exceeds the assets managed by many Israeli venture capital funds focused on early-stage investments. In the initial phase, monday will allocate $50 million and has already completed several investments. Any expansion of the investment program beyond that amount will require approval from the company’s board of directors.

The new operation, called monday Ventures, is being led by Aviel Ichai, formerly of the venture capital fund NEXT47. Its mission is to identify startups developing AI technologies, particularly in areas aligned with monday’s core business, including enterprise AI applications, AI agents, enterprise data infrastructure, workflow automation, cybersecurity, and information security.

The fund plans to invest across all stages, from Seed-stage startups to growth companies, with check sizes ranging from $1 million to $5 million. Beyond evaluating technology and founding teams, monday Ventures will place particular emphasis on a startup’s strategic relevance to monday’s business and long-term vision.

In recent months, the investment arm has already completed several deals. Among them was leading the Seed round of Blocks.diy, founded by former monday employees Michal Lupu and Tal Haramati. The startup develops digital workers designed to automate, manage, and optimize a wide range of business processes, helping organizations improve efficiency and operational performance.

Monday Ventures also participated in Guidde’s $50 million Series B financing round. Guidde aims to address one of the biggest challenges facing organizations today: the rapid adoption of AI tools and new software. Its platform automatically generates video-based guides and integrates into enterprise systems to anticipate user needs and provide contextual knowledge without disrupting workflows.

In addition, monday invested in NanoCo’s $12 million Seed round. NanoCo developed NanoClaw, an open-source platform that enables secure AI agents to operate within workplace tools such as Slack and Microsoft Teams.

“About six months ago, we made the most significant change in monday’s history and updated the company’s vision from being a work management platform to becoming an AI-agent platform that actually performs work,” said Roy Mann, co-founder and co-CEO of monday.com.

“Accordingly, we rebuilt our platform around a model in which people and AI agents work together. The launch of monday Ventures is a direct extension of that vision. We want to support entrepreneurs who are building the next generation of AI companies, whether they are developing technologies that help organizations adopt advanced AI capabilities and workflows, or solutions that redefine the future of work.”