Menlo Ventures led a $34 million Series B for Sana, an AI-powered learning platform that boasts the highest number of learners. Additionally, EQT Ventures invested several founders and operators in the round. This round of funding comes 7 times larger than the previous year’s revenue. Menlo Ventures’ partner, JP Sanday, sits on the board as a result.
Sana is intended to improve learning and sharing through artificial intelligence. It built a leading platform for organizing and personalizing institutional knowledge that helped the organization organize their knowledge. This was achieved through creating a category leading learning platform.
The company provides a custom education plan based on the learner’s personal interests and needs. It automatically creates content, from essays to lessons, using cutting-edge machine learning and AI.
Semantic search through artificial intelligence works in tandem with employees’ Google Workplace, Notion, LinkedIn Learning, Slack and Salesforce tools to provide them with answers automatically in their natural language. This means no more long onboarding processes or inefficient sales methods for employees. Instead, it streamlines processes and increases efficiency for both new hires and established employees alike. And because it works seamlessly with Google’s data, every employee’s tools are always on hand and accessible at all times.
Sana L&D is an $30 billion industry supported by a world-class product and an incredible team. Their unique position in the market is due to their use of artificial intelligence and a consumer-grade product. This has increased demand for more advanced tools in the learning and development field, according to JP Sanday, a partner at Menlo Ventures.
“Joel Hellermark, the founder and CEO of Sana, serves ambitious customers like Alan, Svea Solar, Kry/Livi, Merck and Sana itself. Pioneers like these have a massive goal in mind— changing the world— and Sana’s purpose is to help them achieve that. Through artificial intelligence, Sana can unlock new information about every organization that they serve at once in a massive and speedy fashion. This allows them to supercharge the work of every client they serve,” said Sara Hellermark, Joel’s sister and an employee at Sana.
Alan’s digital health company uses Sana as its home for learning and productivity. The software consolidates a wide range of learning and productivity tools into one place, making it easy for employees to learn and become more productive. Alan also uses Sana for onboarding customer support and sales representatives, training them in productivity, and creating leaders.
Only Sana was able to provide all of Alan’s culture’s key requirements: speed, transparency, and personal growth. By using her platform, we were able to decrease our learning time and increase student engagement. Sana’s tech and user interface have drastically advanced the industry thanks to Filip Lam, Alan’s Head of People Growth. They think the startup has set a new standard for what organizations expect from a learning platform.
After learning to code in C at age 19, Joel Hellermark founded Sana in Stockholm. The company’s offices now include New York, London and Stockholm offices thanks to recent funding. This allows for faster product development as well as more team members working in other offices.
Combining ambition and technical talent, Joel is able to assemble a world-class team from some of the most renowned tech companies. We believe that Sana’s learning edge has the potential to significantly change how we understand education by reimagining it as a learning process. Sandra Malmberg, the Director of EQT Ventures, shares this belief.
As a result of previous supporters, Menlo Ventures pledged support for the project. The aim of the Library of Alexandria is to construct an internet-scale version of the Library of Alexandria. This would allow over a billion people to share and learn about anything.
About Sana
Sana is an AI-powered learning platform that empowers organizations to find, share, and harness the knowledge they need to achieve their missions. Backed by some of the world’s leading investors, operators, and founders, Sana has raised $54M to date. The company’s headquarters are in Stockholm, Sweden, with offices in London and New York.
About Menlo Ventures
Menlo Ventures is a venture capital firm that strives to have a positive impact on everything we do. That’s why we support businesses including Benchling, Chime, Carta, Poshmark, Uber, and Roku that are reimagining life and work for the better. Over 43 years, we’ve grown a portfolio that includes more than 70 public companies, over 100 mergers and acquisitions, and $5.5 billion under management. We invest at every stage and in every sector, with expertise in Consumer, Enterprise, and Healthcare. From developing market strategies to creating communities, we provide real impact where entrepreneurs need it most. When we’re in, we’re all in.
Source: Sana
