In an era where information is often segregated across various silos, hidden in different systems and enclosed in diverse formats, accessing required data has become a pressing issue for organizations. Joel Hellermark, a 26-year-old entrepreneur from Sweden, has a solution – Sana.
Sana, an AI-powered learning platform, enables companies to systematize their data, facilitating employees to query, search, and employ it for purposes like creating training modules or summarizing and translating data. According to Hellermark, Sana is akin to a digital “Library of Alexandria”, encapsulating every piece of company knowledge within its platform.
Recently, Sana has managed to secure an additional $28 million in its Series B round, enhancing the total funding of this round to $62 million at a post-money valuation of $250 million. Led by global VC firm NEA, the round also saw participation from Workday Ventures, thereby raising the total funds of this European startup to $80 million.
Sana’s uniqueness lies in its ability to use eight different AI systems and large language models like OpenAI’s Whisper, GPT-4, Dall-E, Anthropic’s Claude, and Google’s PaLM. The model to be used is decided based on task-specific requirements.
Sana ensures that the company’s proprietary information remains confidential while providing an interface between the licensed LLMs and the company’s data. The software can rapidly search through a company’s applications like Slack, GitHub, Google Workspace, and Notion and return results within a fraction of a second.
Competing with startups like Glean, Typeface, and Adept, Sana has emerged as a potent force in the field of AI enterprise search. Its design and interface, as well as its focus on user experience, have been highly appreciated in the market.
Currently, Sana serves approximately 200 enterprises across sectors such as healthcare and banking, including notable names like Klarna, Hemfrid, and Merck. With offices in London, Stockholm, and New York, the startup plans to use the additional funding to fuel product development and team expansion.
With his firm belief in the power of learning and aiming to augment employee productivity, Hellermark envisions a world where every individual can have access to a wealth of knowledge at their fingertips.
This article is based on information from the Forbes website.