Glean has raised $260 million in a Series E funding round to accelerate its artificial intelligence (AI) innovation, customer acquisition and global expansion of its Work AI platform for enterprises. The Series E funding comes less than seven months after the company raised more than $200 million in a late-stage round that valued it at $2.2 billion. Glean is now sitting on more than $550 million in cash, has tripled its annual recurring revenue rate in the past 12 months and employs more than 500 people globally, according to Chief Executive Arvind Jain.
Glean’s generative artificial intelligence platform differs from consumer-oriented services like OpenAI LLC’s ChatGPT by including features that are unique to business scenarios. That includes the ability to accept multi-step prompts that automate complex workflows and to access popular enterprise applications via more than 100 connectors.
Founded in 2019 by former Google employees, Glean counts Reddit, Pinterest, Databricks, and others among its customers.
The company also announced new features that allow users to create “multi-step” prompts using natural language to remove the necessity for coding skills or prompt engineering.
Co-founder and CEO Arvind Jain, who also co-founded data management startup Rubrik, said in February the company plans to increase hiring.
