Companies · Biotechnology

Sana Biotechnology, Inc.

SEATTLE · Biotechnology · https://sana.com/

Diligence memoA one-page analyst read on Sana Biotechnology, Inc. — recommendation, valuation, rhythm, risks.
$866.9M
Total raised · real
2
Rounds
17.9×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Wed Feb 13 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

Sana Biotechnology, Inc. looks over-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the biotech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Over-valued
  • Modeled value is 1.83× the median modeled value of Growth/Late Biotechnology companies in 2019–2021 (5 peers) — value vs value, same stage and era.
Dormant
  • Last raise 7.4 yr ago; this sector typically re-raises about every 14 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Biotechnology

Sana Biotechnology, Inc. is one of 4293 Biotechnology companies tracked from SEATTLE. By capital raised it ranks among the largest (ahead of 100% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Sana is creating engineered cells to repair and control genes in cells or replace missing or damaged cells to solve the underlying causes of disease.

Sana is creating engineered cells to repair and control genes in cells or replace missing or damaged cells to solve the underlying causes of disease. ⓒ 2020-2024 Sana Biotechnology. All rights reserved Repairing and controlling genes in cells or replacing missing or damaged cells can solve the underlying cause of many diseases. These emerging capabilities will create novel medicines that meaningfully improve patient outcomes, and Sana aims to lead the way. Virtually every human disease begins with cells. At Sana, we understand that each disease is unique, and finding the best treatment requires a deep understanding of its genetic and cellular underpinnings. We are making the discoveries that will change patients’ lives. As a team with expertise ranging from cellular biology to machine learning to development of therapeutics, all of us are dedicated to developing cures for patients. The era of engineered cell therapies can transform the field of healthcare. We aim to deliver medicines that strike at the heart of disease, meaningfully improve the lives of patients and their families, and are broadly accessible to the people who need them. The use of engineered cells as medicines has

ai/mlbiotechhealthtechpharma
Find Sana Biotechnology online

Trades publicly as Sana Biotechnology.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
40
Investors (latest)
2018
Year incorporated
2019-02-13
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$12.5B$25.0B$37.5B$50.0BSeries C · 2018-10-02 Raised $46M (real) Modeled valuation $1.9B (est)$46M$1.9BSeries C2018Growth/Late · 2019-02-13 Raised $821M (real) Modeled valuation $34.8B (est)$821M$34.8BGrowth/Late2019+$821MCumulative $867M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series C$45.9M · 2018
Growth/Late$821.1M · 2019no Series D+ on file

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 29%.

Modeled valuation trajectory
$34.8B
Base estimate est.
$5.1B
Conservative case
$62.7B
Upside case
$8.2B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the biotech sector profile. Directional, not a quoted figure.

Series C · modeled $1.9B · 2018-10-022018Growth/Late · modeled $34.8B · 2019-02-132019
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
72%
Survival probability
62% low · 78% high
1.34×/yr
Annual markup
1.46×/yr upside case
6.0 yr
Elapsed time used
7.4 yr actual, capped for stale marks
biotech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
4 mo
Avg between rounds
$2.4B/yr
Capital velocity
7.8 yr
On record since
2018
First round
2
Rounds on file
How it compares to the market

Benchmarked against 4293 companies in Biotechnology. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 120× above median
This company$866.9M
Sector median$7.2M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 2.0× above median
This company$821.1M
Sector median$403.1M
Modeled value — vs sector median (estimate, all stages) 543× above median
This company$34.8B
Sector median$64.2M

Raised more than 100% of sector peers (real $). Modeled value above 100% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #1 of 5.

This companyCohort peer
$100.0M$1.0B$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)National Resilience, Inc. · Growth/Late Raised $755.0M · modeled $29.2B (est)Neumora Therapeutics, Inc. · Growth/Late Raised $474.4M · modeled $19.0B (est)Intarcia Therapeutics, Inc · Growth/Late Raised $1.2B · modeled $8.4B (est)Vaxxinity, Inc. · Growth/Late Raised $1.4B · modeled $928.1M (est)Sana Biotechnology, Inc. (this company) Raised $866.9M · modeled $34.8B (est)Sana Biotechnology, Inc.
CompanyStageRaised · realValue · estvs peer med.
Sana Biotechnology, Inc. this companyGrowth/Late$866.9M$34.8B1.83×
National Resilience, Inc.Growth/Late$755.0M$29.2B1.53×
Neumora Therapeutics, Inc.Growth/Late$474.4M$19.0B1.00×
Intarcia Therapeutics, IncGrowth/Late$1.2B$8.4B0.44×
Vaxxinity, Inc.Growth/Late$1.4B$928.1M0.05×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series C$45.9M2018-10-02$305.7M$1.9B90%
Growth/Late$821.1M2019-02-13$8.2B$34.8B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series C$45.9M2018-10-02
    • First recorded raise — entered as Series C.
    • 8 investors on this round.
  2. Growth/Late$821.1M2019-02-13
    • Came back fast: 4 mo vs the ~14 mo sector norm.
    • Round 17.9× larger than the prior — scaling up.
    • 40 investors on this round.
Intelligence
2019 ~Q2
Modeled next raise · ~4mo cadence
$2.5B
Modeled next size est.range $1.6B$3.9B
17.9×
Last step-up
$2.4B/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
STEPHEN J. KNIGHT2 other2018-10
Douglas J. Cole1 other2018-10
Robert J. Nelsen1 other2018-10
Donald J. Payan2018-10
Geoffrey J. Von Maltzahn2018-10
Hans J. Bishop2018-10
James J. MacDonald2018-10
Mary Agnes J. Wilderotter2018-10
Nathan D. Hardy2018-10
Patrick J. Yang2018-10
Richard J. Mulligan2018-10
Steven D. Harr2018-10
Registry & provenance

Sana Biotechnology, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1770121
SEC CIK
2018
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Juno Therapeutics, Inc.BiotechnologyGrowth/Late$1.1B$1.3Bnetwork1 shared operator · same sector · same stage
National Resilience, Inc.BiotechnologyGrowth/Late$755.0M$29.2Bsame sector · same stage
Treeline Biosciences, Inc.BiotechnologyGrowth/Late$1.1B$1.9Bsame sector · same stage
Eikon Therapeutics, Inc.BiotechnologyGrowth/Late$1.1B$3.8Bsame sector · same stage
Inhibrx, Inc.BiotechnologyGrowth/Late$668.6M$3.3Bsame sector · same stage
Intarcia Therapeutics, IncBiotechnologyGrowth/Late$1.2B$8.4Bsame sector · same stage
ImmunityBio, Inc.BiotechnologyGrowth/Late$640.1M$7.8Bsame sector · same stage
Theranos IncBiotechnologyGrowth/Late$627.2M$24.7Bsame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Culture Biosciences Inc.
We grow cells for biotech companies.
BiotechnologySeries B$857.3M76%
SFA Therapeutics
Regulating the immune system to block cancer & autoimmune diseases
Biotech76%
ImmunityBio, Inc.
We're dedicated to defeating cancer with therapies that target disease, not immune systems. Find our investigational immunotherapy and cell therapy products.
BiotechnologyGrowth/Late$7.8B75%
Modulari-T
We teach your immune system to attack and cure cancer
Biotech75%
Mytos, Inc.
Robotic human cell manufacturing
BiotechSeries B$179.5M74%
Probably Genetic
Patient Intelligence Platform for Genetic Disease
Biotech74%
Sania Therapeutics, Inc.BiotechnologySeries A$28.3M74%
Cellular Biomedicine Group, Inc.BiotechnologySeries B$1.2B74%
Frequently asked
How much funding has Sana Biotechnology, Inc. raised?
Sana Biotechnology, Inc. has raised approximately $866.9M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Sana Biotechnology, Inc.'s estimated valuation?
Provath's modeled valuation for Sana Biotechnology, Inc. is approximately $34.8B (modeled range $5.1B–$62.7B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Sana Biotechnology, Inc. at?
Sana Biotechnology, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Wed Feb 13.
What does Sana Biotechnology, Inc. do and where is it based?
Sana Biotechnology, Inc. operates in the Biotechnology sector, based in SEATTLE. Sana is creating engineered cells to repair and control genes in cells or replace missing or damaged cells to solve the underlying causes of disease.
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See where Sana Biotechnology, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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