Bitcoin reached a new all-time high of $118,900 on Friday, surpassing its previous record of $113,822 set on Thursday. As Read more
Selling software to companies can be a daunting task, especially when it comes to meeting security requirements. Chas Ballew, founder Read more
Earlier this week, San Diego startup Gallant announced $18 million in funding to bring the first FDA-approved ready-to-use stem cell Read more
The world’s richest man buys out one of the most popular social media platforms and uses it as a propaganda Read more
Enterprise AI company Glean recently announced a successful $150 million Series F funding round led by Wellington Management, resulting in a valuation of $7.2 billion. This significant raise follows closely on the heels of their $260 million Series E round last September, which valued the company at $4.6 billion – a substantial increase from their February 2024 valuation.
Since the beginning of 2024, Glean has secured a total of $610 million in funding and seen its valuation soar from $2.2 billion to $7.2 billion. The company achieved over $100 million in ARR in the last fiscal year, a remarkable feat considering it has only been in operation for three years.
Glean’s innovative tools enable employees in enterprises to search through corporate documents using cutting-edge natural language processing technology. These tools seamlessly integrate with popular apps such as Salesforce, Microsoft Teams, and Zendesk, enhancing productivity and efficiency within organizations.
In addition to Wellington Management, other notable participants in the Series F funding round include Khosla Ventures, Bicycle Capital, Geodesic Capital, and Archerman Capital, along with key existing investors like Altimeter, Capital One Ventures, and Sequoia Capital, among others.
