Glean nabs $150M in funding at $7.2B valuation – News

Glean Technologies Inc., a developer of artificial intelligence productivity tools, today announced that it has raised $150 million in funding.

Wellington Management led the Series F round. It was joined by Khosla Ventures, Bicycle Capital, Geodesic Capital, Archerman Capital and more than a dozen returning Glean backers. The investment values the company at $7.2 billion, up from $4.6 billion last September.

“This funding round wasn’t driven by necessity, but by our ambition to accelerate into the next phase of growth,” Glean founder and Chief Executive Officer Arvind Jain wrote in a blog post.

Glean launched in 2021 with a search engine geared towards the enterprise market. Glean Search, as the tool is called, allows workers to look for data across the web and their company’s internal files. The software only retrieves data from files that the user has permission to access.

Glean’s second product is called Glean Assistant. It’s an AI assistant that can only search for information but also automate several other business tasks. 

One Glean Assistant feature, Data Analysis, allows users to query business data using natural language prompts. A worker could, for example, ask the assistant to find the average value of the purchases made at a store in the past month. Data Analysis can query records in Snowflake, Salesforce and other popular cloud platforms.

Another feature called Deep Research can prepare detailed reports about user-specified topics. When a worker asks a question, the tool generates a research plan that covers details such as what data sources it should review. The feature can then retrieve the necessary information, summarize it and add visualizations.

Glean Assistant also includes a number of features focused on making it easier to use. Workers can embed the assistant in documents, which removes the need to open it in a new tab. A prompt library removes the need for users to create every request from scratch.

Glean’s third product became generally available last month. Glean Agents, which the company first detailed in February, makes it possible to create AI agents for tasks such as debugging software code. Customers can power their AI agents using popular third-party language models.

On occasion of today’s funding milestone, Glean detailed that its platform is on track to process 1 billion agent actions by year’s end. The company also disclosed that its annual recurring revenue topped $100 million in 2024. Its customer base includes Databricks Inc., Pure Storage Inc. and other major tech firms.

Glean will use the new capital to further grow its market presence. The company plans to expand its international customer base, ink more partnerships and accelerate product development initiatives.

 Image: Glean