Author: IBL News

IBL News | New York

AI enterprise search, Palo Alto-based startup Glean raised a $150 million Series F by Wellington Management, landing at a valuation of $7.2 billion.

In September 2024 received $260 million in Series E from investors such as Khosla Ventures, Bicycle Capital, Geodesic Capital, and Archerman Capital, as well as existing investors Altimeter, Capital One Ventures, Citi, Coatue, DST Global, General Catalyst, ICONIQ, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sapphire Ventures, and Sequoia Capital.

This capital will be used to double the size of the R&D and sales teams, expand into overseas markets, and build more partnerships similar to recent ones with companies like Databricks, Snowflake, and Palo Alto Networks.

Launched three years ago, Glean reported surpassing $100 million in Annual Recurring Revenue (ARR) in its most recent fiscal year.

It offers AI agents along with tools to search corporate documents via LLM-powered natural language, integrating with a wide array of workplace apps — Google Workspace, Microsoft 365, Microsoft Teams, Zendesk, Slack, and Salesforce. It creates a personalized knowledge graph for each user. Initially, Glean was focused on tech industry customers, but later expanded its reach to include finance, retail, and manufacturing.

Large enterprises are concerned about being left behind, and many are working to ensure that their workforce becomes AI-first.

IBL News | New York

Figma is developing a tool that will translate designs into coded applications using the MCP (Model Context Protocol) with agentic coding systems such as Copilot in VS Code, Cursor, Windsurf, and Claude Code.

This will reduce the amount of work it takes for AI coding tools to transform designs into functional applications.

Figma plans to release a series of Dev Mode MCP Server updates “in the coming months,” including remote server capabilities and “deeper codebase integrations.”

The Dev Mode MCP Server rollout, now in beta mode, follows the prompt-to-code Figma Make platform introduced in May, which became available to all Full seat Figma users this month.

This allows users to create working applications by describing them. The Figma Sites Code Layers feature, which provides AI tools for turning designs into interactive website experiences, will be rolling out on June 12th.

Until recently, the only way to provide design context to AI tools was to feed an image of a design or an API response to a chatbot. This has changed with the recent advent of the MCP standard for how applications provide context to LLMs.

“Whether it’s creating new atomic components with the proper variables and stylings or building out multi-layer application flows, we believe this server will provide a more efficient and accurate design-to-code workflow,” said the company.