Trends
Glean propels AI-powered search app to new heights
Glean, an AI-powered search app developed by Arvind Jain, co-founder of cloud data management company Rubrik, has raised $200 million in a Series D funding round. The funding was co-led by Kleiner Perkins and Lightspeed Venture Partners, with participation from other investors including General Cata…
Headline
Glean, an AI-powered search app developed by Arvind Jain, co-founder of cloud data management company Rubrik, has raised $200 million in a Series D funding round. The funding was co-led by Kleiner Perkins and Lightspeed Venture Partners, with participation from other investors…
Context
Glean , an AI-powered search app developed by Arvind Jain, co-founder of cloud data management company Rubrik , has raised $200 million in a Series D funding round. The funding was co-led by Kleiner Perkins and Lightspeed Venture Partners, with participation from other investors including General Catalyst, Sequoia Capital, and Capital One Ventures, among others. This latest funding brings Glean’s total raised to approximately $360 million and values the startup at $2.2 billion. Glean’s software connects to enterprise databases to help employees find information more efficiently. Inspired by the observation that employees often struggled to find the information they needed, Jain developed Glean to address this productivity issue. By leveraging natural language processing and GenAI technology, Glean analyzes data from various sources such as support tickets, chat messages, and customer relationship management platforms to provide relevant insights and answers to employee inquiries.
Evidence
Pending intelligence enrichment.
Analysis
The demand for GenAI solutions in enterprises has been on the rise, as evidenced by Glean’s growing customer base, which includes popular companies like Duolingo, Grammarly, and Sony. Despite the slow adoption of GenAI solutions across industries, Glean’s success in acquiring customers and achieving strong financial performance has attracted investor attention. Also read: Apple set to unveil generative AI innovations later this year Mamoon Hamid , partner at Kleiner Perkins, praised Glean’s potential to revolutionize the way people work and improve productivity. He highlighted his belief in Glean’s ability to provide solutions that empower knowledge workers, comparing it to successful investments he made in applications like Slack, Box, and Figma. Also read: GenAI explodes cloud service budgets, up 19% YOY to $78 billion
Key Points
- Glean evolved into a platform that connects with and analyzes a company’s databases and data stores to answer employee inquiries — following after the explosive GenAI trend.
- Glean today ingests info from sources including support tickets, chat messages and customer relationship management platform entries and applies GenAI.
Actions
Pending intelligence enrichment.
