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Glean Technologies

From Wikipedia, the free encyclopedia
Glean Technologies
Company typePrivately held company
IndustryAI
Founded2019
FounderArvind Jain (CEO)
HeadquartersPalo Alto, California
Number of employees
500+[1]
Websiteglean.com

Glean is an American technology company specializing in enterprise-grade artificial intelligence (AI) and search capabilities.[2][3] According to Fortune, its valuation is $4.6 billion.[4]

History

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The company was founded by Arvind Jain, in Palo Alto, California, United States, in 2019.[5]

In March 2019, shortly after its establishment, Glean raised $15 million in Series A funding co-led by Kleiner Perkins and Lightspeed, which included participation from the Slack Fund.[6][7][8] In March 2021, the company closed a Series B funding round of $40M led by General Catalyst.[9][10]

In September 2021, Glean introduced its assistive search tool to the market. This tool was designed to pull together information from dozens of disparate applications, streamlining access to critical data across various platforms.[5][11][12]

In May 2022, the company secured a $100M Series C led by Sequoia Capital at a $1B valuation and hit the Unicorn status.[13][14] In February 2024, Glean raised over $200 million in Series D funding at a $2.2B valuation.[15] In September 2024, Glean raised over $260M in Series E funding at a $4.6B valuation, with new investors including Altimeter and DST Global, and continued support from existing investors.[16]

In March 2024, Glean appointed its first President of Product and Technology, Tamar Yehoshua, the former Chief Product Officer at Slack, to oversee all of research and development, including global engineering, product, design, and data science.[17][18]

In September 2024, Glean raised over $260 million in Series E funding, co-led by Altimeter Capital and DST Global,[19] more than doubling its valuation to $4.6 billion.[20]

References

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  1. ^ "The Enterprise Search App That Got Google and OpenAI's Attention". The Information. Retrieved 2025-01-06.
  2. ^ Stone, Brian (2022-02-10). "Employees could leave jobs due to disorganization". TechRepublic. Retrieved 2023-12-08.
  3. ^ Ghoshal, Anirban (2023-06-06). "How AI-based search assistant Glean Chat is built to boost productivity". Computerworld. Retrieved 2023-12-18.
  4. ^ Goldman, Sharon. "Exclusive: Glean, aiming to be "Google for work," valued at $4.6 billion in new funding round". Fortune. Retrieved 2025-01-06.
  5. ^ a b Cai, Kenrick. "Glean Emerges From Stealth With $55 Million To Bring Search To The Enterprise". Forbes. Retrieved 2023-12-08.
  6. ^ Newman, Jared (2022-03-14). "This new breed of unified search apps does what Google doesn't". fastcompany.com. Retrieved 2023-12-08.
  7. ^ Cai, Kenrick. "This Former Google Engineer Wants To Finally Make Search Work—For Work". Forbes. Retrieved 2023-12-18.
  8. ^ "Startup Founded by Ex-Google Search Team Nears $2 Billion Valuation". The Information. Retrieved 2023-12-18.
  9. ^ "Tech Startup Glean Emerges from Stealth to Tackle Enterprise Search". CMSWire.com. Retrieved 2023-12-08.
  10. ^ "General Catalyst's Clark Talks Opportunistic Investing in Tech | InformationWeek". www.informationweek.com. Retrieved 2023-12-08.
  11. ^ Corrigan, John (2022-02-08). "Employees waste at least 'two hours a day' searching for what they need to work". hcamag.com. Retrieved 2023-12-08.
  12. ^ Jain, Arvind. "Council Post: Zooming Into The Future: What Do Electric Cars And Remote Work Have In Common?". Forbes. Retrieved 2023-12-08.
  13. ^ "Glean nabs unicorn status eight months after emerging from ste..." Inside. Retrieved 2023-12-08.
  14. ^ "Glean Raises $100M Series C At $1B Valuation To Deliver A Powerful, Unified Search Experience For Companies Across Their SaaS Apps". Yahoo Finance. 2022-05-18. Retrieved 2023-12-08.
  15. ^ "Glean Announces Over $200M Series D to Accelerate Secure Deployment of Generative AI in the Enterprise". www.businesswire.com. 2024-02-27. Retrieved 2024-05-10.
  16. ^ Jain, Arvind (2024-09-10). "Glean raises over $260M series E and launches next-generation prompting to accelerate its vision of Work AI for all". www.glean.com. Retrieved 2024-12-09.
  17. ^ "Glean Appoints Tamar Yehoshua as President". Yahoo Finance. November 2, 2023. Retrieved January 4, 2025.
  18. ^ "Glean Appoints Tamar Yehoshua as President, Product and Technology to Accelerate Delivery of Enterprise AI Platform". Business & Corporate Information Services. Retrieved 2025-01-06.
  19. ^ León, Riley de (2024-09-10). "AI-powered search startup Glean doubles valuation in new funding round led by Altimeter". CNBC. Retrieved 2025-01-06.
  20. ^ Goldman, Sharon. "Exclusive: Glean, aiming to be "Google for work," valued at $4.6 billion in new funding round". Fortune. Retrieved 2025-01-06.