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June 1, 2023

Sana secures additional funding of $28 million

Stockholm-based learning platform Sana announces a suite of generative AI tools

Stockholm-based learning platform, Sana, has successfully secured an additional $28 million in Series B funding, propelling its total Series B funding to an impressive $62 million. The funding round was led by NEA, a global venture capital firm, and saw participation from Workday Ventures, further bolstering Sana's total funding raised to an impressive $80 million. As a result of this latest funding, the company's valuation now stands at a remarkable $250 million post-money.

The injection of capital will primarily be directed towards the advancement of Sana's product development initiatives and expanding its talented team, which currently comprises 70 dedicated individuals. With a strong emphasis on innovation and growth, Sana aims to enhance its learning platform and augment its existing capabilities.

At the core of Sana's offering lies its advanced implementation of AI technology. By harnessing the power of artificial intelligence, Sana has created a sophisticated index of companies' information, enabling employees to effortlessly search, query, and undertake a range of tasks. These tasks include creating comprehensive training courses, summarizing vast amounts of information, and even translating content.

Founder and CEO of Sana, Hellermark, described the platform as a transformative knowledge hub for enterprises. In an interview with Forbes, Hellermark compared Sana to the legendary Library of Alexandria, where all inquiries and the collective knowledge of a company can be seamlessly captured within the platform's confines. This unique approach empowers organizations to unlock valuable insights, streamlining their operations and fostering a culture of continuous learning.

Sana acts as a bridge between licensed language models on one end and a company's sensitive information and data on the other. Leveraging its robust system, Sana ensures that a company's proprietary knowledge remains private and secure, safeguarding vital intellectual property.

With its recent funding triumph, Sana is poised to revolutionize how companies harness their wealth of knowledge. By leveraging cutting-edge AI technology, Sana provides a comprehensive solution that enables enterprises to unlock the full potential of their information, fostering growth, efficiency, and innovation. As Sana continues to evolve and expand its platform, it is poised to become an indispensable tool for companies striving for excellence in the digital age.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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