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Venture Capital News: Glean Inks $200M Series D at $2.2B Valuation

2024-02-27
PALO ALTO, CA, Glean has raised over $200 million in Series D funding at a $2.2 billion valuation.
Glean, the AI-powered work assistant making waves among CIOs under pressure to quickly and securely deploy generative AI in the enterprise, has raised over $200 million in Series D funding at a $2.2 billion valuation. The round was led by existing investors Kleiner Perkins and Lightspeed Venture Partners, with participation from existing investor Sequoia Capital, new investors Coatue, ICONIQ Growth, IVP, Latitude Capital, and Adams Street, strategic investors Capital One Ventures, Citi, Databricks Ventures, and Workday Ventures, and with support from existing investor General Catalyst. The funding will accelerate Glean's momentum as it meets sharp customer demand from enterprises and as companies race to implement generative AI in their businesses.

Glean is the AI-powered work assistant that connects and understands all your company's knowledge, to bring you the answers you need. Using its state-of-the-art enterprise search and RAG technology to retrieve the most relevant, up-to-date information for LLMs to use, Glean generates highly personalized answers grounded in your company's unique enterprise knowledge graph. All answers are secure, private, permissions-aware, and fully referenceable back to source documentation in your enterprise. Glean delivers turnkey implementation of a complex AI ecosystem, with over 100 connectors and no need for costly professional services, data training, or manual fine-tuning. Enterprises can also use Glean's low-code and no-code centralized AI platform to scale the power of trusted generative AI backed by their company's knowledge, anywhere it's needed.
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