Glean Reaches $7.2 Billion Valuation in Latest Funding Round

Glean, a U.S. enterprise AI search startup, has reached a valuation of $7.2 billion in its latest funding round, reports Reuters. This marks the third capital raise for the company in less than two years, highlighting strong investor interest in AI-driven solutions.

The funding round, led by Wellington Management, raised $150 million. Glean, based in Palo Alto, California, was founded in 2019 by former Google search engineers. The company uses AI assistants and large language models to provide personalized answers to queries, and it has surpassed $100 million in annual recurring revenue in its last fiscal year.

Glean's valuation has seen a significant increase, with a nearly 57% jump since its last funding round in September. The company is cash-flow positive and continues to attract investors by offering early access to its innovative AI solutions. Earlier this year, Glean introduced its Glean Agents offering, which automates business operations using AI, and is projected to support 1 billion agent actions by the end of 2025.