Glean
Glean Raises $260M Series D to Transform Enterprise Software
Quick Facts
Glean Raises $260M Series D in Latest Funding Round
Glean has successfully closed a $260M Series D funding round, marking a significant milestone in the company's growth trajectory. The round was led by Kleiner Perkins, with participation from Lightspeed Venture Partners, Sequoia Capital.
Company Overview
Founded in 2019 and headquartered in Palo Alto, CA, Glean has established itself as a leader in the enterprise software space. Enterprise search and knowledge management platform using AI to help employees find information across all company apps
With a current valuation of $4.6B, the company has demonstrated strong market traction and investor confidence. The organization currently employs 300-500 people and continues to scale its operations.
Investment Details
Funding Round Highlights
- Amount Raised: $260M Series D
- Valuation: $4.6B
- Lead Investor: Kleiner Perkins
- Round Type: Series
Key Investors
The funding round saw participation from several notable investors:
- Kleiner Perkins: Legendary Silicon Valley VC firm backing Amazon, Google, Genentech, and other technology pioneers
- Lightspeed Venture Partners: Global multi-stage VC firm investing in enterprise, consumer, health, and fintech with $18B+ AUM
- Sequoia Capital: Iconic venture capital firm backing Apple, Google, Oracle, PayPal, and hundreds of transformative companies
Market Context
The Enterprise Software sector continues to attract significant investor interest, with companies focusing on innovation, technology integration, and operational efficiency seeing particularly strong funding activity. This investment reflects the growing demand for innovative solutions in this space.
Growth Strategy
With this latest funding, Glean plans to:
- Accelerate product development and innovation
- Expand market reach and customer acquisition
- Scale engineering and go-to-market teams
- Strengthen competitive positioning in the enterprise software market
Industry Impact
Glean's funding round represents the continued evolution of the enterprise software industry, where technology-driven solutions are becoming increasingly critical for business success. The company's approach to enhancing business operations through intelligent automation positions it well for future growth.
Future Outlook
As Glean moves forward with its expanded funding, the company is well-positioned to capitalize on market opportunities and drive innovation in the enterprise software space. Industry experts expect continued growth and potential for additional strategic partnerships.
The investment validates the company's business model and growth potential, setting the stage for the next phase of expansion and market leadership.
Key Investors
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