Diligence memo · auto-generated · as of July 2, 2026
Sana Benefits, Inc.
Sana Benefits, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Sana Benefits, Inc. operates in Other, based in Austin.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Sana Benefits, Inc. has raised $82M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $60M on 2022-05-02.
Most recent recorded round closed around 2022-05-02.
Valuation (modeled)modeled
Provath models Sana Benefits, Inc. at approximately $716M (range $232M–$1.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.34× the median modeled value of Series C Other companies in 2022–2024 (192 peers) — value vs value, same stage and era. Within the normal band (134% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 22 months.
Last raise 4.2 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 3.0× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 95% of Other peers (25015 compared).
Modeled value ranks above 96% of those peers.
Closest niche peers: Wild Type, Inc., Thingy Thing Inc., Intelycare, Inc., CertiK Global Ltd., Ivanhoe Electric Inc..
Peoplefiled
5 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.