Sana Labs, an adaptive learning platform, raised USD 28 million in an extended Series B funding round led by NEA, with participation from Workday Ventures, bringing its total funding to USD 85+ million, with a post-money valuation of USD 250 million. As part of the deal, Scott Sandel, the CEO of NEA, and Philip Chopin, NEA's managing director, will join the board of directors at Sana Labs.

The company plans to use the funds to further expand its product development and commercial teams across its offices in Stockholm, London, and New York.

Analyst QuickTake: This funding round follows Sana Labs' USD 34 million Series B funding round led by Menlo Ventures in December 2022, which highlights the company's ability to attract investment within a relatively short time frame. This new funding infusion is expected to provide Sana Labs with the resources needed to expedite its expansion initiatives, improve its product portfolio, and establish itself as a prominent player in the adaptive learning industry.