Sana Labs, a Sweden-based company that uses artificial intelligence (AI) to personalize online training for professionals, has recently announced the successful completion of its Series B round with an additional $28 million investment. The round was co-led by DoorDash, Uber, Robinhood backer New Enterprise Associates (NEA), and California-based VC Workday Ventures, bringing the total funding raised in Series B to $62 million.
With this investment round, the company will continue expanding its product development and commercial teams across Stockholm, London, and New York offices.
Founded in 2016 by Joel Hellermark, Sana aims to empower organizations worldwide by enabling employees to learn at an accelerated pace and be exponentially more productive. The startup has built a product that blends the best of enterprise search, a learning management system, meeting tools, and a knowledge management system into one single platform. The company firmly believes that augmenting human intelligence is the key to driving global progress. With this fundamental belief in mind, Sana embarked on a mission two years ago to build a superior learning management system. Today, it proudly unveils its next milestone: Sana AI.
Sana AI is an intelligent co-pilot, seamlessly integrating with a company’s knowledge base. This omnipresent assistant offers an array of functionalities, including cross-app searches, real-time meeting summaries, natural language command responses, and the ability to create comprehensive learning courses from scratch.
Commenting on the fundraising, Founder & CEO of Sana Labs, Joel Hellermark, said:
At Sana, we believe every organization’s mission depends on the collective intelligence of its employees. That intelligence depends on knowledge, yet most institutional knowledge today is scattered across multiple tools, trapped in people’s minds, and lost in verbal conversations. AI is the key to solving this problem at scale. We unlock global progress by unlocking knowledge for every employee across any organization. We’re thrilled to have support from NEA and strategic investors like Workday Ventures on this mission.
As part of the investment, Scott Sandell and Philip Chopin, renowned industry experts, will join Sana’s board, further bolstering the company’s mission to revolutionize knowledge creation, sharing, and access through AI technology.
In addition to Sana’s commercial growth and ambitious team, NEA was impressed by the level of customer advocacy. The platform is used by an impressive client roster of market-leading companies like Merck, Kry/Livi, and Svea Solar—all of whom praise Sana’s superior user experience and product velocity.
Philip Chopin, Managing Director of NEA UK, added:
Joel is an exceptional founder. This Series B extension is a testament to his technical and commercial prowess and visionary leadership. As we enter the new age of artificial intelligence, the Sana team is well-positioned to become one of the world’s most successful and impactful AI companies.
Last December, Sana raised $34 million in its Series B funding round led by Menlo Ventures. Existing investor EQT Ventures also joined the round with several founders and operators. The firm has raised more than $85 million to date.