News October 30, 2024: Sana, Siccum, Fieldstream, BoostCap, Freedrum, Tab Technology, Multiply, Satcube, Starfish, Verdane, Outby, Zerotude, and more
Here are today's news from Sweden's startup and tech sector, exclusively for you as subscriber of Swedish Tech News PRO.
Mergers & acquisitions
- Sana (Stockholm, AI-powered knowledge tools for the enterprise, founded 2016) acquires Israel-based workflow automation startup CTRL for an undisclosed amount (English). The company also announced new funding, more in the section below.
Funding news
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・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
- Sana (Stockholm, AI-powered knowledge tools for the enterprise, founded 2016): $55M led by existing investor NEA, with participation from other existing investors including Menlo Ventures. The valuation is cited to be $500M – unclear if pre- or post-money. The company will use the capital to "fuel its global go-to-market expansion and accelerate both its AI and experience design R&D". Total funding raised is now at around $130M. Sana also announced new AI agentic features (English). Sana raised its most recent previous round, a $28M Series B extension also led by NEA, in spring 2023. Back then the post-money valuation was around SEK2.2B ($210M based on today's currency rate) according to data registered with Bolagsverket. So this new round represents a doubling of the valuation.
- Siccum (Pajala, freeze-dewatering technology for extracting more value from waste, founded 2021): SEK19.2M (€1.7M, $1.8M) grant from the Swedish Energy Agency (Swedish, machine translation). The startup has previously raised SEK5M in equity funding. ℹ️ Company details added on September 21, 2023 to the early-stage startup tracker page.
Unannounced funding
