Total amount raised
$390 Millions
Latest funding date
Location
Glance has successfully raised significant funding over multiple rounds, with its latest being a Series D. The platform leverages artificial intelligence to deliver personalized content directly to smartphone lock screens.
Keep reading to explore the intricacies of Glance's fundraising journey and the investors backing this innovative platform.
What Is Glance?
Glance, founded on February 19, 2019, is an AI-driven software company based in Bengaluru, Karnataka, India. The company delivers personalized content directly to smartphone lock screens, enhancing user engagement.
Founded by Abhay Singhal, Mohit Saxena, Naveen Tewari, and Piyush Shah, Glance has quickly grown to employ between 1001-5000 people. The platform leverages artificial intelligence to curate content from across the internet, making it easily accessible to users.
As part of the InMobi Group, Glance has received significant backing from investors like Google and Mithril Partners, further solidifying its position in the tech industry.
How Much Funding Has Glance Raised?
- Series D
- Amount Raised: $200M
- Date: February 2022
- Lead Investors: Reliance Jio
- Valuation at Round: $2 billion
- Motivation Behind the Round: To accelerate Glance's expansion into global markets such as the US, Russia, Brazil, and Mexico.
- Series C
- Amount Raised: $145M
- Date: December 2020
- Lead Investors: Google
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To help Glance reach unicorn status and support its rapid growth.
- Venture Round
- Amount Raised: $45M
- Date: September 2019
- Lead Investors: Mithril Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel initial growth and development of the platform.
Total Amount Raised: $390M. Current Valuation: $2 billion.
Key Investors
- Google
- Details: Google is a multinational technology company specializing in Internet-related services and products, including online advertising technologies, a search engine, cloud computing, software, and hardware.
- Investment Focus Areas: Technology, Internet, Software, Artificial Intelligence
- Notable Investments: Waymo, DeepMind, YouTube
- Reliance Jio
- Details: Reliance Jio is a subsidiary of Reliance Industries Limited (RIL), involved in digital services and telecommunications. It has revolutionized the telecom sector in India with affordable data plans and extensive network coverage.
- Investment Focus Areas: Digital services, Telecommunications, Technology platforms
- Notable Investments: JioPhone, JioFiber, JioMart
- Mithril Capital Management
- Details: Mithril Capital Management is a growth-stage venture firm co-founded by Peter Thiel and Ajay Royan. The firm focuses on technology companies that are poised for significant growth.
- Investment Focus Areas: Technology, Healthcare, Artificial Intelligence, Software
- Notable Investments: Palantir Technologies, AppDirect, Adimab
What's Next for Glance?
Glance is poised to capitalize on its recent $200 million investment from Jio Platforms, aiming to expand into lucrative markets like the US, Russia, Brazil, and Mexico. The partnership with Reliance Retail to integrate its platform into JioPhone Next smartphones opens up a vast user base, presenting a significant growth opportunity.
With a valuation now at $2 billion, Glance is well-positioned to attract further investments, potentially from major tech investors or venture capitalists. However, the company may face challenges such as competition from other AI-driven platforms and regulatory hurdles in new markets. Maintaining growth momentum and meeting investor expectations will be crucial as Glance navigates its ambitious expansion plans.
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