AI enterprise search startup Glean has raised over $260 million in a Series E funding round, valuing the company at $4.6 billion. The round was co-led by Altimeter Capital and DST Global, with participation from new investors Craft Ventures, Sapphire Ventures, and SoftBank Vision Fund 2.
Founded in 2019 by former Google and Facebook engineers, Glean has been working on solving enterprise knowledge fragmentation using AI. The company's Work AI platform integrates with various business applications to provide employees with a unified search experience across company data.
CEO Arvind Jain stated, "We believe that every employee, in every role, in every company, can leverage AI daily to exponentially increase their impact." This vision has resonated with investors, more than doubling Glean's valuation in just over six months.
The funding comes as Glean reports significant growth metrics:
- More than tripled business in the past year
- Broad adoption across industries, including telecommunications, banking, and retail
- Average of 5 queries per day per user
- 40% daily active users to monthly active users ratio
Alongside the funding news, Glean announced new AI capabilities coming to its platform. “We’re moving beyond the box,” Jain remarked, referring to the evolution of AI prompts that are often limited to simple text inputs.
- Advanced prompts: Multi-step prompts for complex analysis and workflows
- Prompt builder: A tool for creating and iterating on prompts
- Prompt library: An organization-specific collection of AI prompts
- Glean Assist for Zendesk and Salesforce Service Cloud: Embedded AI assistance for customer support teams
Jain revealed that the company didn’t need the additional funds, and that the decision to raise money stemmed from an increasing demand for its Work AI platform. Now, with over $550 million in cash reserves and a rapidly growing customer base, including some of the largest enterprises worldwide, Glean plans to use the funds to meet growing market demands and fuel continued innovation.