Artificial intelligence startup Sana recently announced a $55 million funding round, valuing the company at $500 million. The round was led by U.S. giant NEA, with participation from Menlo Ventures and other investors.
Sana, a Swedish company founded in 2016, has raised a total of $130 million. The company develops enterprise software called "Knowledge Assistant," which indexes company information, allowing employees to search and access this data through artificial intelligence.
As part of this funding round, Sana also announced the acquisition of Israeli AI automation startup CTRL, which is used by companies like Stripe and Airtable.
Sana's product integrates all internal applications of customers as well as external platforms like Salesforce, Notion, Slack, Google Drive, and meetings, enabling employees to search almost all company information repositories. The company serves around 300 enterprise customers, including pharmaceutical companies Novartis and Merck, as well as mobility startup Voi.
Sana aims to create a universal AI interface, connecting the best indexes of all company knowledge with large language models (LLM). The company is in fierce competition with Google and Microsoft to build products for companies looking to harness the power of this technology.
