$200 Million In Series D Funding?

Mar 3, 2024

Daniel Hale

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    Despite predictions of a slowdown, the AI sector remains red-hot! Glean, the AI-enhanced work assistant startup, just secured a massive $200 million in Series D funding at a $2.2 billion valuation. Led by Kleiner Perkins and Lightspeed Venture Partners, the round includes support from Sequoia, Coatue, Iconiq Growth, and more.

    Glean, based in Palo Alto, has seen incredible growth, nearly quadrupling its annual recurring revenue in the past year. The generative AI search tool and conversational AI assistants provided by Glean are transforming the enterprise landscape.

    Here are some key features:

    Glean is an AI-powered workplace assistant designed to streamline information discovery and knowledge management. Here are some key features of Glean:

    1. Semantic Understanding: Glean employs deep learning-based vector search to understand natural language queries. It continuously learns from your company’s unique language and context, improving search relevance without manual fine-tuning1.
    2. Generative AI Chat: Glean’s assistant delivers answers, analyses, and summaries from across all your documents, conversations, and tickets. It provides full referenceability, allowing you to dig deeper and know the source of answers. Trust that generative AI chats and results are secure, private, and permissions-aware1.
    3. Personalized Results: Glean builds your company’s knowledge graph, understanding people, content, and interactions. Every result is personalized to you. Even before you search, Glean suggests relevant information based on your current work, mentions, and team trends. When knowledge artifacts don’t exist, Glean identifies company experts who can assist1.
    4. Easy to Use: Glean connects to over 100 apps you already use, enforcing existing permissions. It’s ready to go right out of the box, with quick setup and scalability for large enterprises. No professional services required.

     

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