Sakana AI Valuation, Funding & Investors

Sakana AI is valued at $2.6B as of November 2025.

Last Sakana AI valuation

$2.6B

Series B · Nov 2025

Last Sakana AI funding round

Strategic investment

Amount undisclosed · Mar 2026

Cumulative funding Sakana AI raised

$228M

across 6 funding rounds

Key investors in Sakana AI

  • Lux Capital
  • New Enterprise Associates
  • Khosla Ventures
  • Alphabet
  • Macquarie Asset Management
  • IQT

Sakana AI Overview

About Sakana AI

Sakana AI is a Tokyo-based artificial intelligence lab founded in 2023 that develops evolutionary algorithms for large language models. The company created Evolutionary Model Merge to combine open-source LLMs like Llama and Mistral into superior hybrids outperforming GPT-4 on benchmarks. Sakana AI introduced AB-MCTS for multi-model inference cooperation, Continuous Thought Machine using neuron synchronization for temporal reasoning, and Transformer² with dynamic weight adjustment. Additional innovations include TAID for model distillation and ShinkaEvolve for algorithm discovery via LLM code search.


Founded

2023

HQ

JapanTokyo

Website

sakana.ai

Status

Privately held

Customer focus

B2B

Revenue model

Licensing

Valuation

$2.6B (Nov 2025)

Sakana AI Valuation

Sakana AI is currently valued at $2.6B, based on its Series B in November 2025.

The $128M round included MPower Partners, MUFG, New Enterprise Associates, Macquarie Asset Management, Lux Capital and 7 other investors.

Sakana AI's valuation has grown 13x from $200M at its seed round in January 2024 to $2.6B in November 2025, across 3 priced rounds.

Sakana AI valuation by funding round

Sakana AI valuation by funding round
DateStageValuation
Nov 2025Series B$2.6B
Sep 2024Series A$1.4B
Jan 2024Seed$200M

Sakana AI Funding History

Sakana AI has raised a total of $228M across 6 funding rounds.

Sakana AI's first fundraising round was a $30M seed round in January 2024. The most recent completed round was a strategic investment round in March 2026.

Sakana AI funding rounds

Sakana AI funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2026Strategic investmentMitsubishi Electric (lead)---
Feb 2026Strategic investmentCitigroup (lead)--Sakana AI is a Tokyo-based AI R&D company developing foundational models and enterprise-grade AI solutions using nature-inspired intelligence to enhance operational efficiencies across industries, including finance. The company has a proven track record of working with financial institutions like Mitsubishi UFJ Financial Group and Daiwa Securities Group to create specialized AI models for financial domains. On February 24, 2026, Citi made a strategic minority equity investment in Sakana AI through its Markets Strategic Investments unit, marking Citi's first such investment in a Japanese company. The deal aims to accelerate Sakana AI's international expansion and innovation in global financial services by leveraging the company's technical capabilities and commercial traction in Japan. Financial terms, including amount raised and valuation, were not disclosed. Citi highlighted Sakana AI's strong product-market fit and potential to transform financial services, with executives from both sides expressing enthusiasm for the partnership to drive AI adoption in banking and markets.
Jan 2026Strategic investmentAlphabet (lead)--Alphabet made a strategic investment in Sakana AI in January 2026, a partnership under which Sakana can use Google's foundation models, including Gemini, to improve its own applications for Japanese enterprise customers. The size of the investment and the stake acquired were not made public. Sakana chief executive David Ha said the collaboration will help speed up the use of powerful AI systems where privacy and dependability matter most. The investment followed Sakana's $135 million Series B round of November 2025, which put the company's valuation at about $2.65 billion, but that valuation belongs to the earlier round and not to this investment. Sakana AI is a Tokyo-based artificial intelligence company founded in 2023 by former Google researchers David Ha, Llion Jones and Ren Ito. It develops affordable generative AI models optimised for the Japanese language, culture and small datasets, and positions itself as a sovereign AI alternative to large United States foundation models. Its customers include Japanese financial institutions such as Mitsubishi UFJ Financial Group and Daiwa Securities, and it is expanding into industrial, manufacturing, government and defence sectors.
Nov 2025Series BMPower Partners; MUFG; New Enterprise Associates; Macquarie Asset Management; Lux Capital; Geodesic Capital; Khosla Ventures; Ora Global; Fundomo; Mouro Capital; IQT; Factorial Funds$128M$2.6B-
Sep 2024Series AKhosla Ventures (lead); Lux Capital (lead); New Enterprise Associates (lead)$70M$1.4B-
Jan 2024SeedLux Capital (lead)$30M$200MSakana AI, founded in 2023 by former Google researchers David Ha, Llion Jones, and Ren Ito, is a Tokyo-based generative AI research lab developing nature-inspired foundation models optimized for Japanese language and culture, aiming to create efficient AI that works well with small datasets and reduces computational costs by evolving beyond traditional Transformer architectures. The company released products like Japanese-language models, an Edo-style chatbot named Karamaru, and the open-source ShinkaEvolve framework. In January 2024, Sakana AI raised a $30 million seed round (equivalent to 4.5 billion yen) led by Lux Capital, with participation from Khosla Ventures, NTT Group, Sony Group, and angels including Jeff Dean, Clement Delangue, and Alexandr Wang. The funds were intended to research and develop new foundation models based on nature-inspired intelligence. Subsequent rounds followed: a Series A in September 2024 raising approximately $100-214 million at a $1.5 billion valuation, led by New Enterprise Associates, Khosla Ventures, and Lux Capital, to invest in talent and infrastructure for sustainable AI technologies. By March 2025, total funding reached about $244 million. A Series B in November 2025 raised $135-200 million at a $2.65 billion post-money valuation (from $2.5 billion pre-money), backed by Mitsubishi UFJ Financial Group, Khosla Ventures, Macquarie Capital, NEA, Lux Capital, and In-Q-Tel, to expand R&D, engineering, sales, distribution teams, and focus on sectors like defense, manufacturing, and government in Japan. Sakana AI differentiates by prioritizing sovereign AI solutions reflecting national cultures, partnering with Japanese enterprises like Daiwa and MUFG, and pursuing energy-efficient models distinct from U.S. giants like OpenAI and Anthropic. As of late 2025, the company had around 70 employees and total funding nearing $379-330 million, positioning it as a leader in Japan's AI landscape with strong investor confidence from both local heavyweights and global VCs.

Who has invested in Sakana AI?

15 investors have backed Sakana AI across its funding rounds, including Lux Capital, New Enterprise Associates, Khosla Ventures, Alphabet, Macquarie Asset Management and IQT.

Lead investors include Mitsubishi Electric, Citigroup, Alphabet, Khosla Ventures, Lux Capital and 1 other investor.


Sakana AI Investors

Investors in Sakana AI by funding rounds participated
InvestorHQRoundsRoleFirst check
Lux CapitalUnited StatesNew York City, NY3LeadJan 2024
New Enterprise AssociatesUnited StatesMenlo Park, CA2LeadSep 2024
Khosla VenturesUnited StatesSan Francisco, CA2LeadSep 2024
MPower PartnersJapanTokyo1ParticipantNov 2025
MUFGJapanTokyo1ParticipantNov 2025
CitigroupUnited StatesNew York1LeadFeb 2026
Macquarie Asset ManagementAustraliaSydney1ParticipantNov 2025
Geodesic CapitalUnited StatesSan Francisco, CA1ParticipantNov 2025
Ora GlobalUnited StatesNew York City, NY1ParticipantNov 2025
FundomoUnited StatesSan Francisco, CA1ParticipantNov 2025
Mouro CapitalUnited KingdomLondon1ParticipantNov 2025
Mitsubishi ElectricJapanTokyo1LeadMar 2026
IQTUnited StatesWashington, DC1ParticipantNov 2025

This data is available for Pro users. Sign up to see all 15 Sakana AI investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Sakana AI Competitors

Sakana AI competitors include listed companies like Ncino and Affle 3i, and private ones like Pendo, Quantexa, Flourish and Uniphore.

Public and private companies comparable to Sakana AI
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PendoUnited StatesRaleigh, NCPrivate$100M-$2.6B26.0x
QuantexaUnited KingdomLondonPrivate$100M-$2.6B26.0x
FlourishUnited StatesNew York, NYPrivate--$2.5B-
UniphoreUnited StatesSan Francisco, CAPrivate$102M-$2.5B24.5x
NcinoUnited StatesUnited StatesPublicly listed$595M$65M$2.4B4.2x
Affle 3iIndiaIndiaPublicly listed$285M$67M$2B5.6x

Sakana AI Public Comps

Sakana AI is still privately-owned, but its public comps include Ncino, Affle 3i, C3.ai, Haizhi, PCITECH, TRS Information Technology, Fractal Analytics, Wenge AI, Presight AI and MiniMax Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Ncino$595M$65M4.5x4.2x41.1x16.1x
Affle 3i$285M$67M6.3x5.6x26.7x24.7x
C3.ai$250M($484M)5.0x5.3x(2.6x)(7.6x)
Haizhi$93M($30M)16.4x11.5x(51.3x)(51.7x)
PCITECH$1.5B$53M0.8x0.8x23.2x-
TRS Information Technology$77M($20M)17.4x17.8x(66.1x)433.4x
Fractal Analytics$347M$50M3.7x3.4x25.7x20.3x
Wenge AI$61M($20M)16.6x-(49.9x)-

This data is available for Pro users. Sign up to see all Sakana AI competitors and their valuation data.

Start Free Trial

Common questions about Sakana AI

When was Sakana AI founded?Sakana AI was founded in 2023.
Where is Sakana AI headquartered?Sakana AI is headquartered in Tokyo, Japan.
Is Sakana AI publicly listed?No, Sakana AI is a private, VC-backed company.
What is Sakana AI's valuation?Sakana AI was last valued at $2.6B in its Series B in November 2025.
How much funding has Sakana AI raised?Sakana AI has raised $228M across 6 funding rounds.
What was Sakana AI's last funding round?Sakana AI's last funding round was a strategic investment round in March 2026, led by Mitsubishi Electric.
Who are Sakana AI's investors?Sakana AI's investors include Lux Capital, New Enterprise Associates, Khosla Ventures, MPower Partners, MUFG, Citigroup, Macquarie Asset Management, Geodesic Capital, Ora Global, Fundomo and 5 others.
Which companies are comparable to Sakana AI?Companies comparable to Sakana AI include Pendo, Quantexa, Flourish, Uniphore, Ncino and Affle 3i.

See companies similar to Sakana AI

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial