Glean Raises $260 Million in Series E

by Kay Aloha Villamor in September 12th, 2024

Glean, a Palo Alto, CA-based AI-powered search startup, has raised $260 million in Series E funding at a $4.6 billion valuation. 

The company also introduced next-generation prompting features such as advanced multi-step prompts, a prompt library, and integrations with Zendesk and Salesforce. 

Investors 

The round was co-led by Altimeter and DST Global, with participation from new investors Craft Ventures, Sapphire Ventures, and SoftBank Vision Fund 2. Existing investors including Coatue, General Catalyst, ICONIQ Growth, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, and Sequoia Capital also contributed to the round. 

Altimeter is a technology-focused investment firm built by founders for founders. The firm manages various venture and public funds. Its mission is to help visionary entrepreneurs build iconic companies, disrupt markets, and improve lives through all stages of growth.  

DST Global is a venture capital and private equity firm that invests in late-stage internet companies. Based in Grand Cayman, Cayman Islands, the firm focuses on investments in the information technology, mobile, Internet of Things, and e-commerce sectors. DST Global also has offices in Menlo Park, New York, London, Beijing, and Hong Kong. 

Glean Use of Funds 

The funding will support Glean's goal to expand its Work AI platform. 

About Glean 

Founded in 2019, Glean is a technology company that provides an AI-powered platform designed to enhance workplace productivity by helping employees easily find and access information, documents, and resources within their organization. Glean’s Work AI platform integrates with various enterprise tools like email, chat, cloud storage, and applications such as Salesforce and Zendesk. Glean introduced advanced prompting tools, allowing users to create complex AI workflows using natural language. 

Funding Details 

Company: Glean Technologies, Inc. 

Raised: $260M 

Round: Series E 

Funding Date: September 2024 

Lead Investors: Altimeter, DST Global 

Additional Investors: Craft Ventures, Sapphire Ventures, SoftBank Vision Fund 2, Coatue, General Catalyst, ICONIQ Growth, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sequoia Capital 

Company Website: https://www.glean.co/  

Software Category: Work AI and Search 

Source: https://www.glean.com/blog/glean-series-e-prompting-launch

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