Swedish AI Startup Sana Labs Targets US IPO in Couple of Years
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Artificial intelligence startup Sana Labs AB is aiming to become a public company in the US in a couple of years, joining a growing trend of Swedish technology firms favoring the deeper capital markets of North America.
“The US is currently a better environment for tech companies across most dimensions,” Chief Executive Officer and founder Joel Hellermark said in an interview. He pointed to the $100 billion market capitalization of Spotify Technology SA as an inspiration, as well as Klarna Bank AB, the Swedish fintech and a client of Sana Labs, which is readying an initial public offering in the US.