Glean Raises $260 Million in Series E Funding Round

Glean, an Enterprise AI leader, has secured over $260 million in a Series E funding round at a valuation of $4.6 billion. The funding aims to support the companys growing demand for its Work AI platform, which is designed to help automate complex workflows and accelerate AI adoption in the workplace. The round was coled by Altimeter and DST Global, with participation from new investors Craft Ventures, Sapphire Ventures, and SoftBank Vision Fund 2, along with existing investors Coatue, General Catalyst, ICONIQ Growth, IVP, Kleiner Perkins, Lightspeed Venture Partners, and Sequoia Capital.

Glean has experienced significant revenue growth, tripling its ARR over the past year, catering to a diverse range of customers such as Reddit, Instacart, Pinterest, and leading enterprises in various sectors. The companys Work AI platform, founded by former Google search engineers, is powered by advanced search and RAG technology, ensuring secure and trustworthy AI solutions that meet enterprises stringent requirements.

Arvind Jain, the cofounder and CEO of Glean, emphasized the importance of accessible AI for all individuals in the workplace. The companys latest funding round underscores its commitment to providing innovative AI solutions that leverage an organizations collective knowledge. Glean also introduced nextgeneration prompting features to enable users of all skill levels to leverage AI effectively, along with embedded solutions for Zendesk and Salesforce Service Cloud to enhance customer support capabilities.

The Series E funding round follows Gleans previous Series D funding of over $200 million in February 2024, marking a significant increase in valuation within a short period. The companys rapid growth and focus on customercentric solutions have positioned it as a leader in the Work AI space, offering comprehensive AI tools that enable organizations to harness the power of generative AI seamlessly.

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