AI-powered search startup Glean doubles valuation in new funding round led by Altimeter
Summary
Arvind Jain, CEO Glean, on SaaS Monster stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal. AI-powered search startup Glean said Tuesday it has raised $260 million in a funding round that values the tech company at $4.6 billion — more than double its last reported valuation. It also aims to disrupt a field of cognitive search tool providers such as Perplexity, Coveo, Sinequa and LucidWork. It offers conversational AI to sort through internal data, retrieve information, and present quick answers. "Businesses today are in the midst of an AI transformation — one that promises to be as big or bigger than the internet, mobile, cloud, and other major technology shifts of the past century," Jain said in a blog post announcing the latest round.