TLDR:
- Glean secures $260 million in Series E funding, reaching a $4.6 billion valuation.
- Founded in 2019, the AI enterprise search startup has seen significant growth metrics in the past year, with broad adoption across industries.
AI enterprise search startup Glean has secured over $260 million in a Series E funding round, resulting in a valuation of $4.6 billion. Co-led by Altimeter Capital and DST Global, with participation from new investors Craft Ventures, Sapphire Ventures, and SoftBank Vision Fund 2, the funding will be used to meet growing market demands and fuel continued innovation. Glean, founded in 2019 by former Google and Facebook engineers, focuses on solving enterprise knowledge fragmentation using AI. The company’s Work AI platform integrates with various business applications to provide employees with a unified search experience across company data. CEO Arvind Jain emphasized the vision that every employee, in every role, in every company can leverage AI daily to increase their impact, which has resonated with investors and led to over doubling Glean’s valuation in just over six months. Glean has reported significant growth metrics, including more than tripled business in the past year, broad adoption across industries such as telecommunications, banking, and retail, an average of 5 queries per day per user, and a 40% daily active users to monthly active users ratio. In addition to the funding news, Glean announced new AI capabilities on its platform, such as advanced prompts, a prompt builder, and a prompt library. With over $550 million in cash reserves and a rapidly growing customer base, Glean plans to use the funds to meet growing market demands and fuel continued innovation.
