Enterprise AI startup Glean lands a $7.2B valuation

Glean, an enterprise AI startup, has recently announced a successful funding round, securing $150 million in a Series F investment led by Wellington Management. This funding elevates the company’s valuation to an impressive $7.2 billion, reflecting a significant increase in value since its previous funding round. Just under a year ago, Glean raised $260 million in a Series E round, which valued the company at $4.6 billion—a figure that had doubled from a previous raise earlier in 2024. Since the beginning of this year, Glean has amassed a total of $610 million in funding, soaring from a valuation of $2.2 billion to its current standing of $7.2 billion. In its last fiscal year, Glean reported exceeding $100 million in annual recurring revenue (ARR), marking a remarkable growth trajectory just three years after the company's inception. Glean specializes in providing tools that enable enterprise employees to efficiently search corporate documents using LLM-powered natural language, integrating seamlessly with popular applications including Salesforce, Microsoft Teams, and Zendesk. Additionally, the startup offers AI agent products to further enhance its service offerings. The Series F funding round also saw participation from notable firms such as Khosla Ventures, Bicycle Capital, Geodesic Capital, Archerman Capital, as well as existing investors like Altimeter, Capital One Ventures, Citi, Coatue, DST Global, General Catalyst, ICONIQ, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sapphire Ventures, and Sequoia Capital.