TLDR:
- Glean, an AI-enhanced work assistant startup, secured over $200 million in Series D funding at a $2.2 billion valuation.
- The round was led by Kleiner Perkins and Lightspeed Venture Partners, with participation from other notable investors.
Despite some predictions about a slowdown in AI investing, investors are continuing to show a strong interest in the sector, with Glean being the latest startup to benefit from this trend. Glean’s generative AI search tool has helped it quadruple its annual recurring revenue in the past year. The latest funding round included both existing and new investors, showcasing confidence in the company’s potential.
The AI industry has seen significant funding activity recently, with other companies like Moonshot AI and Figure also raising substantial amounts. Glean, founded in 2019, has now raised a total of $360 million and is poised to further establish itself in the enterprise AI market.
