Glean Raises $200M in Series D, Valued at $2.2B
The AI startup's latest funding round, led by Kleiner Perkins and Lightspeed, underscores strong market demand for its work assistant software.
- AI-powered work assistant startup Glean secures $200 million in Series D funding, reaching a $2.2 billion valuation.
- The funding round was led by Kleiner Perkins and Lightspeed Venture Partners, with participation from existing and new investors including Sequoia, Coatue, and Citigroup.
- Glean's software connects to enterprise databases to provide quick answers to workers' questions, aiming to improve productivity and employee experience.
- The startup has seen its annual recurring revenue nearly quadruple in the past year, indicating strong market demand.
- Glean plans to use the new capital to expand its teams, enhance its product, and build out a robust go-to-market strategy.