Glean AI Startup Hits $7.2B Valuation in Latest Funding
▼ Summary
– Glean raised $150 million in a Series F round led by Wellington Management, reaching a $7.2 billion valuation.
– The company’s valuation has surged from $2.2 billion to $7.2 billion since early 2024, raising $610 million in total.
– Glean surpassed $100 million in annual recurring revenue (ARR) within three years of launching.
– The company provides enterprise AI tools for natural language search across corporate documents and apps like Salesforce and Microsoft Teams.
– Other investors in the Series F include Khosla Ventures, Bicycle Capital, and existing backers like Sequoia Capital and Kleiner Perkins.
The AI-powered enterprise search platform Glean has achieved a staggering $7.2 billion valuation following its latest funding round. The company secured $150 million in a Series F investment led by Wellington Management, marking another milestone in its rapid growth trajectory.
This latest funding comes just months after Glean’s $260 million Series E round in September, which valued the company at $4.6 billion, already a significant jump from its $2.2 billion valuation earlier in 2024. In less than a year, the startup has raised a total of $610 million while more than tripling its worth.
Glean’s success stems from its ability to help businesses streamline internal knowledge retrieval. Its platform leverages large language models (LLMs) to enable employees to search across corporate documents and applications, including Salesforce, Microsoft Teams, and Zendesk, using natural language queries. Beyond search, the company has expanded into AI-powered agent solutions, further strengthening its position in the enterprise AI market.
The Series F round attracted participation from prominent investors such as Khosla Ventures, Bicycle Capital, and Geodesic Capital, alongside existing backers like Sequoia Capital, Kleiner Perkins, and Lightspeed Venture Partners. With annual recurring revenue surpassing $100 million within just three years of launch, Glean continues to demonstrate strong demand for its AI-driven productivity tools.
As enterprises increasingly adopt AI to enhance workplace efficiency, Glean’s rapid valuation growth highlights the sector’s explosive potential. The company’s ability to secure major funding in quick succession underscores investor confidence in its technology and market positioning.
(Source: TechCrunch)
