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.