Total amount raised
$618.2 Millions
Latest funding date
Location
Glean has successfully raised significant funding over multiple rounds, with its latest being a Series E. The company specializes in AI-based search engine software that connects enterprise data to generate answers efficiently.
Keep reading to explore the intricacies of Glean's fundraising journey and the investors backing this innovative platform.
What Is Glean?
Glean, founded in 2019, is based in Palo Alto, California. The company specializes in AI-based search engine software that connects enterprise data to generate answers efficiently.
Founded by Arvind Jain, Piyush Prahladka, Sharvanath Pathak, Tony Gentilcore, and TR Vishwanath, Glean aims to enhance workplace productivity through its innovative platform.
With a team of 501-1000 employees, Glean continues to grow and develop its AI solutions to meet the needs of modern enterprises.
How Much Funding Has Glean Raised?
- Series A
- Amount Raised: $15M
- Date: March 2019
- Lead Investors: Kleiner Perkins, Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their AI-based search engine software.
- Series B
- Amount Raised: $40M
- Date: March 2021
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their team and accelerate product development.
- Series C
- Amount Raised: $100M
- Date: May 2022
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance AI capabilities.
- Series D
- Amount Raised: $203.2M
- Date: February 2024
- Lead Investors: Kleiner Perkins, Lightspeed Venture Partners
- Valuation at Round: $2.2 billion
- Motivation Behind the Round: To meet rising customer demand and support new AI features.
- Series E
- Amount Raised: $260M
- Date: September 2024
- Lead Investors: Altimeter, DST Global
- Valuation at Round: $4.6 billion
- Motivation Behind the Round: To fuel innovation and meet the growing needs of their customers.
Total Amount Raised: $618.2M. Current Valuation: $4.6 billion.
Key Investors
- Altimeter
- Details: Altimeter is a venture capital and private equity firm that invests in technology companies. They are known for their strategic investments in high-growth sectors.
- Investment Focus Areas: Technology, software, internet sectors.
- Notable Investments: Snowflake, Unity Technologies, Roblox.
- DST Global
- Details: DST Global is an investment firm that focuses on late-stage internet companies. They have a strong track record in backing successful tech giants.
- Investment Focus Areas: Internet, technology companies.
- Notable Investments: Facebook, Twitter, Alibaba.
- Coatue
- Details: Coatue is a global technology-focused investment firm. They specialize in both public and private markets.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Snap Inc., DoorDash, ByteDance.
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage technology companies. They aim to support transformative businesses.
- Investment Focus Areas: Early-stage, growth-stage technology companies.
- Notable Investments: Airbnb, Stripe, HubSpot.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that has been instrumental in the growth of many successful tech companies. They focus on long-term partnerships.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Apple, Google, WhatsApp.
What's Next for Glean?
Glean's future is brimming with opportunities, driven by its innovative AI prompting tools and expanding market presence. The company is poised to capitalize on the growing demand for AI integration in workplaces, with significant adoption across industries like banking, telecommunications, and retail. Integrating with major platforms such as Zendesk and Salesforce Service Cloud further solidifies its position in the market.
With a recent $260 million funding round, Glean's valuation has soared to $4.6 billion, reflecting strong investor confidence. This financial backing provides ample resources for future growth, including potential acquisitions to enhance its technology stack. However, the company must navigate challenges such as user adoption, competition from well-funded rivals, and ensuring secure AI integration.
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