Glean Raises Over $260M in Series E, Doubling Valuation to $4.6B
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Slice of Technology Team
09/16/2024
Key Highlights:
- $260M Series E round co-led by Altimeter and DST Global.
- Glean’s valuation doubles to $4.6B within six months.
- New AI features include multi-step workflows and embedded solutions for Zendesk and Salesforce.
- Glean’s ARR has tripled over the past year, driven by increasing demand.
Source: Business Wire
Quotes
“ "AI needs to draw on the full picture of an organization’s knowledge – and it needs to be accessible by everyone." ”
Arvind Jain, CEO at Glean
Our Take:
Glean’s rapid growth and the doubling of its valuation in just six months underscore the market’s appetite for advanced AI solutions in the workplace. As businesses push to integrate AI in daily operations, Glean's ability to simplify complex workflows and make AI accessible without deep technical knowledge positions it as a clear leader. With prominent investors backing its vision and a surge in ARR, Glean’s Work AI platform is poised to be a central tool for enterprises aiming to drive efficiency and innovation.
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