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Citigroup invests in Japan’s Sakana AI
Yahoo Finance· 2026-02-26 14:36
Investment Overview - Citigroup has made its first investment in Japan by investing in Sakana AI, although the investment size remains undisclosed and is described as "strategic" [1] - The partnership aims to accelerate innovation in global financial services by leveraging Citigroup's market reach and Sakana AI's research and development capabilities [1] Company Profile - Sakana AI is a Tokyo-based AI start-up that specializes in developing foundational models and enterprise-grade AI tools inspired by nature [2] - The company plans to use the new capital to enhance its international expansion and build on existing partnerships with major financial institutions [2] Strategic Partnerships - In 2025, Sakana AI announced collaborations with Mitsubishi UFJ Financial Group (MUFG) and Daiwa Securities Group to create custom AI models for specialized financial sectors [3] - Santander Group from Spain also invested in Sakana AI as part of its Series B fundraising, similar to Citigroup's investment [3] Market Position - Citigroup's global head of Markets Strategic Investments, Siris Singh, noted that Sakana AI has established a strong foundation and product market fit in Japan [4] - Other major US banks are also increasing their focus on AI strategies, indicating a broader trend in the financial sector [4]