Swedish artificial intelligence startup Sana recently received US$55 million in financing, with a valuation of US$500 million, led by NEA. Founded in 2016, Sana is committed to developing enterprise-level knowledge assistant software to help employees search and access company information more efficiently. This financing will further promote Sana’s product development and market expansion and consolidate its competitive position in the enterprise AI field. The editor of Downcodes will give you a detailed explanation of Sana’s financing situation and future development.
Artificial intelligence startup Sana recently announced that it has received US$55 million in financing, with a valuation reaching US$500 million. The round was led by US giant NEA, with participation from Menlo Ventures and other investors.
Sana is a Swedish company founded in 2016 that has raised a total of $130 million. The company has developed enterprise software called Knowledge Assistant that indexes company information and makes it searchable and accessible to employees through artificial intelligence.
As part of the round, Sana also announced the acquisition of Israel's CTRL, an AI automation startup used by companies like Stripe and Airtable.
Sana's products can integrate with all of a customer's internal applications as well as external platforms such as Salesforce, Notion, Slack, Google Drive and Meetings, allowing employees to search virtually any company information repository. The company serves about 300 enterprise customers, including pharmaceutical companies Novartis and Merck and mobile startup Voi.
Sana's goal is to create a general artificial intelligence interface that connects the best index of all knowledge within a company with large language models (LLMs). The company is competing fiercely with Google and Microsoft to build products for companies looking to harness the power of the technology.
Sana’s financing and acquisition mark its further development in the field of enterprise AI. In the future, Sana will continue to delve into the enterprise market and provide efficient AI solutions for more enterprises, which is worth looking forward to. The editor of Downcodes will continue to pay attention to Sana’s trends and bring you more exciting reports.