Enterprise AI firm Glean introduced on Tuesday that it has raised a $150 million Collection F led by Wellington Administration at a $7.2 billion valuation. This comes lower than a 12 months after its $260 million Collection 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 gives instruments that permit enterprise staff to look company paperwork through LLM-powered pure language, tapping into apps like Salesforce, Microsoft Groups, and Zendesk.
It additionally gives AI brokers merchandise. Others within the Collection F embody Khosla Ventures, Bicycle Capital, Geodesic Capital, Archerman Capital, and 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.