Workday Acquires Swedish AI Firm Sana Labs for $1.1 Billion

Workday, an American software company, has acquired Swedish AI firm Sana Labs for $1.1 billion, equivalent to just over 10 billion kronor. Sana Labs offers AI products such as an AI agent for meeting notes and a corporate training tool. Workday's main product is a platform for managing finance and human resources. The largest shareholder in Sana Labs is Joel Hellermark, followed by venture capital firms EQT and New Enterprise Associates.

Workday, a leading American software company specializing in cloud-based financial and human resources management, has acquired Swedish AI firm Sana Labs for $1.1 billion. The acquisition, valued at just over 10 billion kronor, underscores Workday's strategic move to bolster its AI capabilities and expand its product offerings.

Sana Labs, known for its AI products including an AI agent for meeting notes and a corporate training tool, will enhance Workday's platform with advanced AI functionalities. The acquisition aligns with Workday's mission to provide comprehensive cloud-based solutions for businesses, integrating AI to drive efficiency and innovation in finance and human resources.

The largest shareholder in Sana Labs is Joel Hellermark, followed by venture capital firms EQT and New Enterprise Associates. The acquisition will provide Workday with a strong foundation in AI technology, enabling it to offer more sophisticated solutions to its clients.