Deal 14. Glean

2019

USA

500-1000

The content on the page is limited to qualified investors

Raised in the last round

Last round valuation

4.6 Bln USD

260 Bln USD

Deal 14. Glean

>

LLM

SaaS

Generative AI

Enterprise Software

Products

Glean is uniquely positioned in the market by building solutions that go beyond traditional chatbots, evolving toward more intelligent systems capable of solving complex tasks. While Glean is not a fully autonomous agent like some advanced AI agents, its technology significantly outperforms simple chatbots.

Glean uses AI to optimize information search processes and improve internal company interactions, helping enhance efficiency and accelerate workflows

Engagement metric: The average user makes about five search queries a day, similar to consumer behavior in search engines. Retention metric: Glean maintains one of the best DAU/MAU ratios in the industry at around 40%, compared to 10-20% in most corporate SaaS products.

Glean Search

Glean provides AI-powered enterprise search and automation solutions through LLM-based technology and integrations with various enterprise systems:

Intelligent enterprise search, consolidating data across corporate systems.

Glean AI Assistants

AI-driven assistants for automating routine tasks.

Glean Security & Compliance

Solutions for protecting corporate data.

Glean Analytics

Data analysis and workflow optimization tool.

Strong Investor Backing

The company has secured funding from top-tier venture capital firms, including SoftBank Vision Fund II, Kleiner Perkins, Lightspeed, and DST Global, further reinforcing confidence in its long-term potential.

Financial metrics

Revenue in 2024

110 Bln USD

Key Investors

2024 ARR (Annual Recurring Revenue): $110 million (+182% YoY) The company exceeded its own 2024 revenue forecast of $70 million, demonstrating accelerated business growth and strong product demand.

This growth is driven by several key factors:

General Catalyst, Latitude Capital, Slack Fund, Salesforce Ventures, Workday Ventures, Iconiq Growth, Kleiner Perkins, Edgewood Ventures, Sapphire Ventures, Softbank, Plug & Play Tech Center, Sequoia Capital, Lightspeed Venture Partners, Craft Ventures, Databricks Ventures, Citi, Dst Global, Coatue, Adams Street, Capital One Ventures, Ivp, Altimeter

Strategic Importance of the Product

AI-powered enterprise search is becoming a necessity for companies looking to optimize data access and productivity. Glean effectively addresses this challenge by reducing employees' time spent searching for information.

Explosive growth in the AI sector

AI startups are seeing valuations rise significantly faster than other segments. According to PitchBook, the median valuation increase between funding rounds for early-stage AI companies was 114.9% in 2024, compared to 36.1% for SaaS startups.

Robust Revenue Growth

Glean is experiencing rapid revenue expansion, with 182% YoY ARR growth, while continuously expanding its customer base, which includes leading tech companies such as Reddit, Pinterest, Grammarly, Databricks, and others.

Glean Team

Arvind Jain

Co-founder of Rubrik, former Distinguished Engineer at Google

Co-founder and technical leader of Rubrik, a company that went public and achieved significant success in cybersecurity and data management.
Over 10 years at Google as a lead engineer, working on key products like Google Search, Maps, and YouTube.
Previous experience at Akamai and Microsoft, giving him deep expertise in internet infrastructure and cloud technologies.

Tony Gentilcore

Co-founder and Head of Product Development

Over 20 years of experience in building high-performance interfaces, with a strong background at Google
Spent a decade modernizing Google’s search results page and later founded and led the Chrome Speed Team, responsible for improving browser performance. Prior experience at AT&T.

T.R. Vishwanath

Co-founder and Engineering Leader

Spent nearly 10 years at Facebook, working on the developer platform, News Feed, and ad technologies.
Previously worked at Microsoft.
Holds degrees from IIT Delhi and the University of Texas at Austin.

first full-fledged AI
platform for corporate search

best personalization

combining LLM
(GPT, Claude, LLaMA)

deep integration

high level of user
engagement

And more than 300+ large B2B companies.

Differs from competitors (Microsoft SharePoint, Elastic, Coveo):

Clients:

Investment Proposal Glean

The investment growth potential may be x4

Terms and conditions

Valuation: 5.85 Bln USD
Share price - $42.3

Commission:

Min check:

Syndicate in USDT

Deal type:

5% Setup Fee, 20% Carry

$10 000

Direct

USDT (ERC20)

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