Enterprise AI platform Glean has raised $150 million in Sequence F funding, bringing its valuation to $7.2 billion. The spherical was led by Wellington Administration and included new buyers Khosla Ventures, Bicycle Capital, Geodesic Capital, and Archerman Capital. Present buyers equivalent to Sequoia Capital, Lightspeed, ICONIQ, DST World, Kleiner Perkins, and Capital One Ventures additionally participated.
The corporate mentioned the brand new capital will help product innovation, companion ecosystem progress, and worldwide enlargement. “This funding spherical wasn’t pushed by necessity, however by our ambition to speed up into the following part of progress,” CEO Arvind Jain mentioned in a weblog put up.
Glean reported surpassing $100 million in annual recurring income since its earlier spherical in September. Its Glean Work AI platform is now utilized by a number of Fortune 500 corporations, and its Glean Brokers platform is dealing with over 100 million agent actions yearly.
The corporate’s first consumer convention, Glean:GO, attracted over 10,000 attendees in particular person and on-line. On the occasion, it introduced new partnerships with Dell, Palo Alto Networks, Snowflake, and Workday.
Glean is concentrated on fixing the issue of fragmented enterprise information unfold throughout disconnected functions. “Enterprises have huge quantities of information… however no dependable method to entry it when making important choices,” the corporate mentioned.
Safety stays a central pillar, the corporate famous. “From day one, Glean’s platform was designed so that each motion is totally authenticated, respects underlying knowledge permissions, and is ruled by enterprise guardrails.” It just lately launched Glean Defend, geared toward proactive safety for buyer knowledge, AI, and brokers.
The platform integrates with over 100 SaaS functions and knowledge sources, utilizing a information graph to supply context round folks, knowledge, and processes. Clients retain full management of their data, and Glean affords open APIs to keep away from lock-in.
Matt Witheiler, Head of Late-Stage Development at Wellington Administration, mentioned, “Glean’s progressive strategy and fast progress are really spectacular, and we imagine they’re effectively positioned to be a frontrunner in the way forward for enterprise AI.”
Glean has grown to greater than 850 workers globally and is increasing to new areas. The corporate’s shoppers embody Reserving.com and TIME, and it has obtained recognition from Quick Firm, Gartner, and CNBC.
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