Glean Secures Over $200 Million in Series D

by Kay Aloha Villamor in February 28th, 2024

Glean, a Palo, Alto, CA-based AI-driven work assistant, has secured over $200 million in Series D funding, reaching a valuation of $2.2 billion.   

SaaS Investors  

Led by Kleiner Perkins and Lightspeed Venture Partners, with support from various investors including Sequoia Capital and Coatue. 

Founded in 1972, Kleiner Perkins is a venture capital firm based in Menlo Park, California. The firm specializes in investing in early-stage, incubation, and growth companies.  

Lightspeed Venture Partners is a venture capital firm based in Menlo Park, California. Founded in 2000, the firm has regional offices in Israel, India, China, Southeast Asia, and Europe. The firm seeks to invest in the enterprise, health, fintech, and consumer sectors.    

Glean Use of Funds  

The company will use the funding to accelerate its efforts to meet the rising demand for generative AI solutions in the enterprise.   

About Glean  

Founded by Arvind Jain, T.R. Vishwanath, Piyush Prahladka, and Tony Gentilcore, Glean is a company that provides AI-powered work assistant that connects and understands company’s knowledge. Using its state-of-the-art enterprise search and RAG technology to retrieve the most relevant, up-to-date information for LLMs to use, it generates personalized answers grounded in company’s unique enterprise knowledge graph. Glean delivers turnkey implementation of a complex AI ecosystem, with over 100 connectors and no need for costly professional services, data training, or manual fine-tuning. The company has gained new customers like BILL, Canva, and Sony Electronics.  

Funding Details                           

Company: Glean Technologies, Inc.  

Raised: $200.0M            

Round: Series D  

Funding Month: February 2024                                                  

Lead Investors: Kleiner Perkins and Lightspeed Venture Partners  

Additional Investors: Sequoia Capital and Coatue  

Company Website:   

Software Category: Knowledge and Management Solution  


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