Glean, a startup utilizing artificial intelligence to assist companies in searching their knowledge base, secured $200 million in its latest funding round. This highlights robust investor interest in startups offering AI-powered products.
The funding round, co-led by current investors Kleiner Perkins and Lightspeed Venture Partners, increased Glean’s valuation to $2.2 billion. This marks a significant rise from the $1 billion valuation it had during its last funding round in May 2022.
Arvind Jain, Glean’s co-founder and CEO, who also co-founded data management startup Rubrik, intends to utilize the funding to double the team to 700 people this year.
Established in 2019 by former Google search engineers, Glean provides enterprises with search and knowledge management solutions by connecting applications and databases within companies.
Glean has developed conversational AI assistants and employed large language models, including OpenAI’s text-generation tool ChatGPT. These tools create personalized summaries and answers from a company’s internal knowledge graph.
The Palo Alto, California-based startup reported nearly quadrupling its annual recurring revenue in the past year, serving clients like Sony Electronics and Databricks.
