Arvind Jain, CEO of Glean, on SaaS Monster level all through day considered one of Web Summit 2022 on the Altice Arena in Lisbon, Portugal, on Nov. 2, 2022.
Harry Murphy | Sportsfile | Getty Images
Generative AI undertaking seek startup Glean introduced on Tuesday that it raised $150 million in a Series F financing, pushing up its valuation from traders through billions of bucks in lower than a 12 months, to $7.2 billion.
The corporate’s remaining fundraising in September 2024 valued Glean at $4.6 billion.
On Tuesday, Glean was once additionally named to the CNBC Disruptor 50 checklist for the second-consecutive 12 months.
Glean reported that its annual habitual income surpassed $100 million in its remaining fiscal 12 months, finishing Jan. 31, 2025 — lower than 3 years after it was once introduced through a founding staff that comes with veterans from Google, Meta, and Dropbox.
“We’re building the platform that brings AI into the fabric of everyday work, connecting people to knowledge, automating tasks, and enabling smarter decisions across the enterprise,” mentioned Arvind Jain, Glean co-founder and CEO, in a unencumber pronouncing the deal.
In early 2025, Glean introduced its agentic AI, Glean Agents, which the corporate says are on tempo to beef up a billion agent movements through year-end.
The corporate’s core product is an AI-powered undertaking seek platform that integrates with a big selection of place of job apps — Google Workspace, Microsoft 365, Slack, and Salesforce. Glean makes use of herbal language working out and system finding out to create a customized wisdom graph for each and every person, making improvements to undertaking seek effects and the facility to generate content material, whilst automating person workflows and company processes. While to begin with all for tech business shoppers, Glean has expanded to finance, retail and production.
Jain instructed Deirdre Bosa, anchor of CNBC’s “TechCheck,” that the capital will permit Glean to double the scale of groups in R&D and gross sales because it pushes additional into the huge undertaking marketplace, out of the country markets, and into extra partnerships very similar to contemporary ones with firms together with fellow Disruptor Databricks, Snowflake and Palo Alto Networks.
Jain mentioned for lots of huge enterprises throughout sectors of the economic system, the gen AI increase is as a lot about fear as it’s about pleasure. “Large enterprises are more worried about this. They don’t want to be left behind,” he instructed CNBC. “The most important thing that I hear from businesses is they are trying to make sure that their workforce becomes AI-first,” he added.
Wellington Management led the fundraising, with present traders Capital One Ventures, Altimeter, Citi, Coatue, DST Global, General Catalyst, ICONIQ Growth, IVP, Kleiner Parkins, Latitude Capital, Lightspeed Venture Partners, Sapphire Ventures and Sequoia Capital, all taking part within the deal. New traders integrated Khosla Ventures, Bicycle Capital, Geodesic and Archerman Capital.
While consumer-facing gen AI is rising the quickest — OpenAI says it’s including hundreds of thousands of customers an hour, and on Monday reported annual habitual income above $10 billion — Jain mentioned the undertaking marketplace must be considered in distinct phrases. “You have to remember that models like ChatGPT, they don’t know anything about your internal company’s data,” he mentioned. “We’re able to actually use that context and combine it with the power of models to solve real business problems for you.”
OpenAI does have its personal undertaking trade, which lately handed the three-million person mark.
While Glean has noticed exponential enlargement in recent times, it’ll proceed to stand demanding situations in a aggressive marketplace together with Microsoft 365 Copilot, Amazon Q Business and ChatGPT Enterprise, together with choices from fellow Disruptors Perplexity and Writer. Jain mentioned in some instances its generation isn’t in festival with, however complementing the huge language fashions being advanced for the undertaking, reminiscent of fellow Disruptor Anthropic‘s Claude.
But the contest is intensifying from each side and overlapping. “Google, Microsoft, OpenAI, they all want to actually come into this space that we started,” Jain mentioned. “We have a lead. We have deep enterprise technology that we built over these years. … We have to keep innovating. And the good thing for Glean is that we’re not building a product that’s going to get commoditized,” he mentioned.
Currently based totally in Palo Alto, the corporate will quickly be opening a brand new place of job in San Francisco to beef up its enlargement.
Sign up for our weekly, unique e-newsletter that is going past the once a year Disruptor 50 checklist, providing a more in-depth have a look at list-making firms and their leading edge founders.