Sana Raises $55M at a $500M Valuation, Acquires Workflow Automation Startup CTRL, and Announces New Agentic AI Features as It Builds the Ultimate UI for AI

Swedish AI scale-up is among the many best-funded AI corporations on the planet, with whole funding of greater than $130 million

STOCKHOLM, SWEDEN / ACCESSWIRE / October 30, 2024 / Sana, the worldwide chief within the software of AI to enterprise intelligence, right this moment introduced a $55 million funding spherical at a $500 million valuation led by NEA. Menlo Ventures and different traders additionally participated within the spherical. Along with the brand new spherical, which brings Sana’s whole funding to greater than $130 million and makes it one of many best-funded AI corporations on the planet, the corporate introduced new AI agentic options and the acquisition of workflow automation startup CTRL because it continues to constructing the last word consumer interface for AI within the enterprise.

Sana’s mission is to advance the way in which folks entry information utilizing AI. The corporate first emerged as an AI-powered studying and information platform earlier than introducing its enterprise assistant. At the moment, Sana AI merchandise allow you to index information from all of your apps, create new information, and entry all the pieces your enterprise is aware of via search and chat.

Sana has seen rising demand as corporations race to deploy generative AI, with prospects together with Merck, Hinge Well being, Electrolux and Svea Photo voltaic. Since launching its Assistant’s Free tier in April 2024, which led to the creation of 100,000 new workspaces in six months, Sana is now introducing a Workforce tier so smaller organizations can reap the benefits of enterprise-level AI capabilities.

Present prospects see the enterprise worth of Sana in a number of use instances, together with: 95% time financial savings find complicated product info and as much as 90% productiveness positive factors by automating complicated workflows for industrial corporations; greater than 60% time financial savings by automating authorized administration and 200% elevated effectivity for legislation companies; and greater than 10 hours per week of time financial savings on onboarding new workers for inner HR groups.

Along with the rise, Sana is saying new options that permit organizations to construct customized AI brokers for any crew or workflow, with no coding required. Powered by Sana’s state-of-the-art RAG and the agent answer A-4, these brokers will work collectively to resolve complicated multi-step issues, full duties in different apps and self-critique their output till they clear up the duty. at hand.

“The consumer interface for AI will go from assistants to proactive brokers and change into invisible,” says Joel Hellermark. “With Sana, we’re taking step one as a result of corporations can now construct AI brokers that do all the pieces from filling out RFPs and updating gross sales alternatives in Salesforce based mostly on name notes to answering a variety of medical trial questions. We won’t wait to place these advances within the palms of the subsequent billion AI customers.”

Sana can also be launching next-generation enterprise search with improved association of structured and unstructured information, a revamped consumer interface to make creating and speaking with skilled AI assistants even simpler, and the flexibility to generate AI avatars based mostly on company coaching and -documentation to extend information digestible and fascinating.

“Essentially the most highly effective main language fashions have created a once-in-a-lifetime revolution, however they’re solely pretty much as good because the context we give them,” stated Philip Chopin, Managing Director of NEA UK. “Organizations want a solution to join these LLMs to huge information repositories and handle their information base in actual time. Sana does simply that, and we imagine it would show to be a game-changer for enterprises.”

Sana is broadly language mannequin and platform unbiased and integrates with an organization’s whole tech stack, permitting assistants and brokers to make extra knowledgeable selections by leveraging all structured and unstructured information. Along with her Scandinavian design ethos, Sana locations distinctive emphasis on each accuracy and ease of use.

“Sana provides us full management and customization over the AI,” says Peter Jidesjö, Govt Vice President at healthcare supplier Permobil. “We resolve what it will probably entry, we select the parameters and we will tailor it to our particular wants for accuracy and high quality. Inside a couple of days we have been all able to go. We’ve got already seen a 15-20% time financial savings in resolving a few of our technical help instances for our prospects.”

Sana will use the brand new funding to gas its world go-to-market growth and speed up each its AI and expertise design R&D. To that finish, the scale-up has acquired CTRL, the AI ​​workflow automation startup backed by LocalGlobe and Earlybird and trusted by Stripe, Airtable and Snowflake.

“Sana and CTRL share a imaginative and prescient of bettering folks with AI,” stated Omri Sagzan and Aviv Nahum, founders of CTRL. “We’re excited to hitch in and transcend information retrieval by deploying AI brokers able to collaborating and fixing complicated issues end-to-end.”

Along with CTRL, Sana welcomes designer Erik Olmers from Apple and ex-Google AI researcher Oscar Täckström as Chief Scientist.

“NEA first invested in Might 2023 and Sana has since exceeded our expectations,” stated Chopin. “In relation to product pace, buyer attraction and expertise density, we imagine Sana is finest at school and we’re happy to proceed supporting them as they construct a generational enterprise.”

“When information turns into extra accessible, progress accelerates,” says Hellermark. “The key innovations of historical past, the printing press, the telegraph and Google, have all accelerated the way in which we share and unfold information. Nonetheless, it is simpler to navigate the world’s information than that of your organization. Company information is scattered and unstructured. Sana brings all the pieces your organization is aware of inside attain.”

About Sanaa

Sana exists to advance the way in which folks entry information with AI. The merchandise are trusted by main corporations corresponding to Merck, Hinge Well being, Electrolux and Svea Photo voltaic. Backed by main traders together with NEA, Menlo Ventures and EQT Ventures, Sana has raised greater than $130 million up to now. Go to sanalabs.com or create a free account at sana.ai.

About NEA

New Enterprise Associates, Inc. (NEA) is a worldwide enterprise capital agency centered on serving to entrepreneurs construct transformational corporations throughout a number of levels, sectors and geographies. Based in 1977, NEA has greater than $25 billion in belongings below administration as of June 30, 2024, investing in expertise and healthcare corporations in any respect levels of an organization’s life cycle, from seed to preliminary public providing. Its lengthy observe report of investing consists of greater than 280 preliminary public choices of portfolio corporations and greater than 465 mergers and acquisitions. For extra info please go to http://www.nea.com.

About Menlo Ventures

Menlo Ventures is a enterprise capital agency that strives to have a optimistic influence on all the pieces we do. That is why we help corporations, together with Irregular Safety, Anthropic, Benchling, Carta, Chime, Harness, Pinecone, Roku and Uber, which are reshaping life and work for the higher. Over the previous 48 years, we’ve constructed a portfolio that features greater than 80 publicly traded corporations, greater than 165 mergers and acquisitions, and at present has $6.2 billion below administration. We put money into AI at each stage and in each sector, with experience in client, enterprise and healthcare. From creating market methods to creating communities, we ship actual influence the place entrepreneurs want it most. After we’re inside, we’re ALL-IN.

About CTRL

CTRL is an AI firm dedicated to driving enterprise progress via agentic workflows in gross sales, buyer help and buyer success. Trusted by trade leaders like Stripe, Airtable, and Snowflake, CTRL has raised greater than $9 million from main traders together with LocalGlobe and Earlybird. CTRL allows groups to simply leverage AI to speed up their KPIs.

Contact particulars

Olivia Eleven
Operations director
[email protected]

Joel Hellermark
Founder and CEO
[email protected]

Lauren Crichton
Advertising Director
[email protected]
0702867804

Associated photographs

SOURCE: Sana

View the unique press release at newswire.com.