Sana Labs, a Stockholm, Sweden-based provider of an AI-based platform to help people manage information at work and subsequently use that data as a resource for e-learning within the organization, closed $34 million in Series B funding.
The round was led by Menlo Ventures, with participation from existing investor EQT Ventures and several incredible founders and operators.
Sana will use its new funding to develop additional features for its platform. The startup will also hire more employees across its offices in Stockholm, London, and New York to support growth initiatives.
“Sana is used continuously, which is very different from a typical e-learning platform,” he said. “We’re seeing weekly and daily active usage” from among the tens of thousands of employees from across the 100 or so businesses that are already using Sana, he added. “The education sector is my biggest passion because if you solve learning you solve everything,” he said. “But from day one we wanted to be a large company and it’s hard to scale that in K-12 because you have to adapt to different countries. Having an enterprise approach helps us scale and helps doctors, engineers, product managers, sales reps, and everyone. We’re able to serve all of them in over 20 countries,” Joel Hellermark, Sana’s CEO and founder, said.
The crux of Sana is a platform and AI engine that connects to all of the different apps that an organization uses in the workplace: Salesforce, e-mail, Notion, GitHub, Slack, Trello, Asana, and whatever else you might have to capture, source, or store information and communicate with others.
Company: Sana Labs AB
Round: Series B
Funding Month: December 2022
Lead Investors: Menlo Ventures
Additional Investors: EQT Ventures
Company Website: https://www.sanalabs.com/
Software Category: Knowledge Management and Learning Platform
About the Company: Founded in 2016, Sana is an AI-powered learning platform that empowers organizations to find, share, and harness the knowledge they need to achieve their missions. Sana allows everyone to create and share knowledge in minutes with real-time collaborative editing, templates, and AI-assisted suggestions. Powered by state-of-the-art machine learning, Sana can generate polls, quizzes, automation, translations, and even entire courses. Sana’s platform connects and indexes tools like Slack, Salesforce, Notion, LinkedIn Learning, and Google Workplace to provide employees with automatically generated answers in natural language and the organizations to decrease onboarding time, improve sales efficiency, and grow and retain top talent.