Enterprise AI firm Glean introduced on Tuesday that it has raised a $150 million Sequence F led by Wellington Administration at a $7.2 billion valuation. This comes lower than a 12 months after its $260 million Sequence E, introduced in September, at a $4.6 billion valuation, which was double the valuation from its February 2024 increase.
Since early 2024, Glean has raised $610 million and grown its valuation from $2.2 billion to $7.2 billion. Glean says it surpassed $100 million in ARR in its final fiscal 12 months, simply three years after it launched.
Glean provides instruments that enable enterprise workers to look company paperwork through LLM-powered pure language, tapping into apps like Salesforce, Microsoft Groups, and Zendesk.
It additionally provides AI brokers merchandise. Others within the Sequence F embody Khosla Ventures, Bicycle Capital, Geodesic Capital, and Archerman Capital, in addition to current traders Altimeter, Capital One Ventures, Citi, Coatue, DST World, Normal Catalyst, ICONIQ, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Enterprise Companions, Sapphire Ventures, and Sequoia Capital.
