TLDR:
- Glean, an AI startup, secured $200 million in a Series D funding round
- The funding round was led by Lightspeed Venture Partners and Kleiner Perkins
The AI startup, Glean, announced on February 27, 2024, that it had successfully raised $200 million in a Series D funding round. This brings the company’s total valuation to $2.2 billion, with Lightspeed Venture Partners and Kleiner Perkins leading the investment. Lightspeed Venture Partners is a venture capital firm that focuses on consumer, enterprise, technology, and cleantech markets, while Kleiner Perkins specializes in investing in early-stage, incubation, and growth companies.
With a total of 13 investors participating in the funding round, including partners from Workday Ventures, Sequoia Capital, and General Catalyst, Glean plans to accelerate the secure deployment of generative AI in the enterprise. The company has also attracted diverse investor confidence, with Citigroup joining in at the new valuation after Glean’s revenue quadrupled.
Following the funding announcement, Glean is now planning a hiring spree to support its growth and development initiatives. The successful funding round is a testament to the company’s potential in the AI search space, as it continues to innovate and expand its offerings for enterprise clients.
The news of Glean’s Series D funding round has garnered attention from various media outlets, showcasing the company’s success and potential for future growth in the AI industry.
