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AI-powered enterprise search startup Glean raises $200M+ at $2.2B valuation - SiliconANGLE

Feb 27, 2024 - siliconangle.com
Glean Technologies Inc., an AI-powered enterprise search platform, has raised over $200 million in a Series D funding round, valuing the company at $2.2 billion. The round was led by Kleiner Perkins and Lightspeed Venture Partners, with contributions from nearly a dozen other backers including the venture capital arms of Databricks Inc., Workday Inc., and Capital One Financial Corp. The funds will be used to expand the company's market beyond the tech industry to include financial services, retail, and manufacturing sectors.

Glean's platform, which includes more than 100 prebuilt connectors, allows enterprises to quickly navigate internal data. It takes into account access permissions and customizes search results based on factors such as job descriptions and current projects. The platform also functions as a writing and coding assistant, and can be customized to build chatbots for specific tasks. The company, which has seen its sales quadruple over the past year, plans to hire hundreds of new employees to support its expansion efforts.

Key takeaways:

  • Glean Technologies Inc., an AI-powered enterprise search startup, has raised over $200 million in a Series D round, valuing the company at $2.2 billion.
  • The funding round was led by Kleiner Perkins and Lightspeed Venture Partners, with contributions from Databricks Inc., Workday Inc., and Capital One Financial Corp.
  • Glean's platform includes more than 100 prebuilt connectors and uses AI algorithms to adapt information in query responses based on factors such as job descriptions and current projects.
  • The company has seen strong customer demand, nearly quadrupling its sales over the past year, and plans to expand into other sectors including financial services, retail, and manufacturing.
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