Glean Raises $260M in Series E
Glean has successfully raised $260M in a Series E at a $4.6B valuation led by Kleiner Perkins, Lightspeed Venture Partners, Sequoia Capital, General Catalyst, Coatue.
Company Overview
Glean is a AI/ML company headquartered in 1900 University Avenue, Palo Alto, CA 94303, founded in 2019 with 400+ employees.
Enterprise AI search platform
Fundraising Details
- Amount Raised: $260M
- Round Type: Series E
- Valuation: $4.6B
- Date: 2024-09-04
- Investors: Kleiner Perkins, Lightspeed Venture Partners, Sequoia Capital, General Catalyst, Coatue
About Glean
Enterprise AI search platform The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 1900 University Avenue, Palo Alto, CA 94303
- Founded: 2019
- Team Size: 400+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Glean's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Glean's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $4.6B valuation marks an important milestone for Glean, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Glean is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-09-04. For more information about Glean, visit their headquarters at 1900 University Avenue, Palo Alto, CA 94303.
