AI Enterprise Search Glean Hits a Valuation of $7.2 Billion

Glean, an AI enterprise search startup, has raised $150 million in Series F funding, valuing it at $7.2 billion.
The new capital will be used to expand its R&D and sales teams, enter overseas markets, and build more partnerships with companies like Databricks and Snowflake.
Glean has reported surpassing $100 million in Annual Recurring Revenue (ARR) in its most recent fiscal year, just three years after launch.
The company offers AI-powered search tools that integrate with popular workplace apps, including Google Workspace, Microsoft 365, and Salesforce, creating a personalized knowledge graph for each user.
Glean’s focus on helping large enterprises become “AI-first” is gaining traction, as companies recognize the need to stay competitive in an increasingly automated workforce.

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.

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Q. Who is the Palo Alto-based startup that raised $150 million Series F?

A. Glean, an AI enterprise search company.

Q. What is the valuation of Glean after raising $150 million Series F?

A. $7.2 billion.

Q. Which investors participated in Glean’s $260 million Series E funding round?

A. Khosla Ventures, Bicycle Capital, Geodesic Capital, Archerman Capital, Altimeter, Capital One Ventures, Citi, Coatue, DST Global, General Catalyst, ICONIQ, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sapphire Ventures, and Sequoia Capital.

Q. What will Glean use the $260 million Series E funding for?

A. To double the size of its R&D and sales teams, expand into overseas markets, and build more partnerships.

Q. How much did Glean’s ARR surpass in its most recent fiscal year?

A. $100 million.

Q. Which companies has Glean partnered with recently?

A. Databricks, Snowflake, and Palo Alto Networks.

Q. What is unique about the search tool offered by Glean?

A. It uses LLM-powered natural language to search corporate documents via a personalized knowledge graph for each user.

Q. In which industries did Glean initially focus before expanding its reach?

A. Tech industry customers, but later expanded into finance, retail, and manufacturing.

Q. Why are large enterprises concerned about AI adoption?

A. They want to ensure that their workforce becomes AI-first to stay competitive.

Q. How long has Glean been in operation?

A. Three years ago.