Latest news with #GleanAgents
Time of India
a day ago
- Business
- Time of India
AI company Glean hits $7.2 billion in valuation in latest funding round
Glean said on Tuesday it was valued at $7.2 billion in its latest funding round - the third capital raise for the U.S. enterprise AI search startup in less than two years. The round marks a nearly 57% jump in valuation for Glean, underscoring strong investor appetite for startups leveraging AI use cases. In the previous funding in September, the company's valuation had more than doubled in just over six months. Businesses and governments worldwide are rushing to adopt artificial intelligence, with applications ranging from enterprise productivity and drug discovery to infrastructure and beyond. Palo Alto, California-based Glean raised $150 million in the funding round led by asset manager Wellington Management. Startups are choosing to stay private for longer, raising larger funds in late-stage rounds, as public market recovery remains slow. "Founders avoid the volatility of public markets and employees receive secondary-market liquidity via structured rounds," said Michael Ashley Schulman, partner at Running Point Capital Advisors. Glean, which surpassed $100 million in annual recurring revenue in its last fiscal year, was founded in 2019 by a team of former Google search engineers. It uses AI assistants and large language models to generate personalized answers to queries. According to Schulman, Glean's 72x valuation multiple on revenue is "punchy", but investors are getting "early access to a franchise" since the company is cash-flow positive. Earlier this year, the company rolled out its Glean Agents offering, which allows businesses to use AI to automate operations. It is on track to support 1 billion agent actions by the end of 2025, the company said. Industry leaders have hailed AI-based agents as a transformative-use case of the technology. Microsoft CEO Satya Nadella has also suggested that the agents will disrupt how we use software-as-a-service, a business model that has long been the staple of software startups.
CNBC
2 days ago
- Business
- CNBC
Glean, gen AI enterprise search startup, raises $150 million in deal adding billions to valuation
Generative AI enterprise search startup Glean announced on Tuesday that it raised $150 million in a Series F financing, pushing up its valuation from investors by billions of dollars in less than a year, to $7.2 billion. The company's last fundraising in September 2024 valued Glean at $4.6 billion. On Tuesday, Glean was also named to the CNBC Disruptor 50 list for the second-consecutive year. Glean reported that its annual recurring revenue surpassed $100 million in its last fiscal year, ending Jan. 31, 2025 — less than three years after it was launched by a founding team that includes veterans from Google, Meta, and Dropbox. "We're building the platform that brings AI into the fabric of everyday work, connecting people to knowledge, automating tasks, and enabling smarter decisions across the enterprise," said Arvind Jain, Glean co-founder and CEO, in a release announcing the deal. In early 2025, Glean launched its agentic AI, Glean Agents, which the company says are on pace to support one billion agent actions by year-end. The company's core product is an AI-powered enterprise search platform that integrates with a wide array of workplace apps — Google Workspace, Microsoft 365, Slack, and Salesforce. Glean uses natural language understanding and machine learning to create a personalized knowledge graph for each user, improving enterprise search results and the ability to generate content, while automating individual workflows and corporate processes. While initially focused on tech industry customers, Glean has expanded to finance, retail and manufacturing. Jain told Deirdre Bosa, anchor of CNBC's "TechCheck," that the capital will allow Glean to double the size of teams in R&D and sales as it pushes further into the large enterprise market, overseas markets, and into more partnerships similar to recent ones with companies including fellow Disruptor Databricks, Snowflake and Palo Alto Networks. Jain said for many large enterprises across sectors of the economy, the gen AI boom is as much about concern as it is about excitement. "Large enterprises are more worried about this. They don't want to be left behind," he told CNBC. "The most important thing that I hear from businesses is they are trying to make sure that their workforce becomes AI-first," he added. Wellington Management led the fundraising, with existing investors Capital One Ventures, Altimeter, Citi, Coatue, DST Global, General Catalyst, ICONIQ Growth, IVP, Kleiner Parkins, Latitude Capital, Lightspeed Venture Partners, Sapphire Ventures and Sequoia Capital, all participating in the deal. New investors included Khosla Ventures, Bicycle Capital, Geodesic and Archerman Capital. While consumer-facing gen AI is growing the fastest — OpenAI says it is adding millions of users an hour, and on Monday reported annual recurring revenue above $10 billion — Jain said the enterprise market has to be thought of in distinct terms. "You have to remember that models like ChatGPT, they don't know anything about your internal company's data," he said. "We're able to actually use that context and combine it with the power of models to solve real business problems for you." OpenAI does have its own enterprise business, which recently passed the three-million user mark. While Glean has seen exponential growth in recent years, it will continue to face challenges in a competitive market including Microsoft 365 Copilot, Amazon Q Business and ChatGPT Enterprise, along with offerings from fellow Disruptors Perplexity and Writer. Jain said in some cases its technology is not in competition with, but complementing the large language models being developed for the enterprise, such as fellow Disruptor Anthropic's Claude. But the competition is intensifying from all sides and overlapping. "Google, Microsoft, OpenAI, they all want to actually come into this space that we started," Jain said. "We have a lead. We have deep enterprise technology that we built over these years. ... We have to keep innovating. And the good thing for Glean is that we're not building a product that's going to get commoditized," he said. Currently based in Palo Alto, the company will soon be opening a new office in San Francisco to support its growth.
Yahoo
20-05-2025
- Business
- Yahoo
Glean Expands Horizontal Agent Platform, Delivers Dozens of Agents and Open Interoperability Across the Enterprise
Now generally available, Glean Agents empowers organizations to move beyond experimentation and embed AI agents across individual employee and business workflows SAN FRANCISCO, May 20, 2025--(BUSINESS WIRE)--Glean:GO -- Work AI leader Glean today announced the general availability and expansion of Glean Agents, the open, horizontal environment for building, deploying, orchestrating, and governing AI agents at work. With broader LLM choice, expanded MCP server support for agent interoperability, complex workflow automation, and built-in governance, Glean makes AI agents real, secure, and enterprise-ready, empowering every employee and team to build, use, and scale agents. Interest in AI agents is accelerating. Yet fragmented departmental tools, limited access to enterprise data, inconsistent performance, and mounting security concerns have made it difficult to operationalize them reliably and with confidence, leaving the promise of AI agents largely unfulfilled. Glean addresses these challenges with an open, horizontal environment that brings AI agents into production - grounded in enterprise context and robust security, built to scale. Today's announcement gives enterprises the tools to move beyond experimentation and operationalize agents among every employee and departmental workflows with the visibility, control, and trust required for enterprise success. Glean Agents: An open, horizontal agent environment. Glean gives organizations control over where agents run and which models they use, enabling them to experiment, adapt, and adopt the latest AI innovations without lock-in. Democratize access to agents: With Glean's natural language agent builder, employees can construct agents by describing desired outcomes in everyday, natural language, and share them through Glean's agent library to drive efficiency and collaboration at work. Choose the best model for every agent task: Glean's agent builder now supports per-step model selection and temperature control to optimize agent quality, speed, and cost. Access rapid innovation from the entire model ecosystem: The new Glean model hub provides agents access to models across Amazon Bedrock, Google Vertex AI, and Azure OpenAI, while the Glean universal model key unlocks 15 leading LLMs, across all major hyperscaler ecosystems - eliminating the complexity of procuring models individually. Power agent interoperability at scale: A new hosted MCP server enables agents on any platform to securely leverage Glean Search and Assistant to access data indexed in Glean or coordinate directly with Glean Agents to accomplish joint tasks. Build and control Glean agents with code: A new Glean Agents API provides the core building blocks to build and run agents with code and facilitates open agent-to-agent communication and orchestration. Observe and optimize agent outcomes: Integrated agent observability and evals give builders step-by-step insight into agent behavior, enabling rapid diagnosis of issues, deeper understanding of multi-step processes, and faster iteration for more accurate outcomes. First on-premises deployment architecture for Glean: Running on Dell's trusted AI Factory infrastructure, a new collaboration between Glean and Dell will enable enterprises to securely deploy Glean's enterprise search and AI agents within their own data centers, combining the security of on-premises deployment with the agility and scale typically reserved for SaaS. Dozens of new, ready-to-use agents for employees and departments: Glean provides a library of prebuilt starter agents designed to accelerate adoption and deliver instant value across both business-critical and personal workflows. Quickstart agents: Glean provides 30+ prebuilt agents across sales, engineering, IT, and HR, ready to customize and deploy for common tasks like prospecting, ticket resolution, code review, and help desk automation. Prebuilt agents jump-start adoption, shorten time to value, and help teams realize business impact faster. Personal productivity agents: New personal agents help employees stay on top of daily tasks like meeting prep, action item summaries, and performance reviews, all powered by each user's personal graph for added context. Deep research agent: Glean helps employees tackle complex questions by combining company and world knowledge to deliver thorough, citation-backed research with detailed analysis and flexible depth based on user needs. Structured query agent for Snowflake Cortex AI: A new integration with Snowflake Cortex Analyst enables users and Glean agents to query data stored in Snowflake using natural language, combining real-time analytics with enterprise knowledge to drive faster, more confident decisions. Glean's partnership with Workday: Glean and Workday are unveiling plans to enable agent-to-agent collaboration that will seamlessly exchange information and initiate actions across both the Glean and Workday platforms, streamlining HR and Finance workflows. By uniting Workday's leading HR and finance platform with Glean's ability to provide comprehensive enterprise-wide insights, joint customers will be able to seamlessly perform HR and finance tasks with greater insights and context. Glean Protect: Secure AI, by design. Glean empowers organizations to scale AI safely, ensuring data is AI-ready and autonomous agents operate securely to drive meaningful work. Protect against AI-specific threats: Built-in safeguards prevent prompt injection and jailbreak attempts in the Glean platform, ensuring agents behave securely in every environment. Reduce sensitive data risk: New sensitive content protections automatically detect and remediate overshared sensitive data across 100+ systems. Powered by AI security models layered over infotype detection, the dashboards distinguish true risk from noise, giving teams clearer visibility over data exposure. Manage access with precision: New, expanded permissions infrastructure lets customers control who can run, view, or edit agents with sophisticated, granular access controls, ensuring secure, responsible AI use aligned with organizational policies. "With Glean Agents, we're just beginning to explore the possibilities - from accelerating content creation to streamlining cross-functional collaboration - and we're really excited about the potential impact and the limitless possibilities the platform can unlock across our teams." – Tadeu Faedrich, Senior Engineering Manager, "AI agents should be in the hands of every employee and driving outcomes across the entire enterprise," said Arvind Jain, Founder & CEO, Glean. "Glean Agents turns that vision into a reality with an open, interoperable platform that integrates across systems, supports leading LLMs, and makes it easy to build and scale agents that actually move the business forward." "As organizations look to operationalize AI across their workforces, the ability to build, orchestrate, and manage agents at scale is becoming a critical requirement," said Andrew Gens, Research Analyst, AI Software, IDC. "Success depends not just on innovation, but on control, interoperability, and enterprise alignment. Platforms like Glean's that address these needs will be essential in moving pilot projects to production-grade AI adoption." Availability: Available today: Glean Agents capabilities including natural language agent builder, agent library, quickstart agents, agentic reasoning engine, agent guardrails, sensitive content protection, agent sharing, model hub with new model families (Deepseek, Nova), universal model key, per-step agent model choice, per-step agent temperature control, structured query analytics agents for Snowflake Cortex Analyst, Databricks Genie, Salesforce, and Jira Beta: Agent triggering, looping, observability and evals, Glean Agents API and calling third-party agents, hosted MCP server, deep research agent, companion, AI security against prompt injection attacks Coming soon: Agent routing, sensitive content models, new model families (Llama) Learn More: Blog: Glean expands horizontal, agent platform with open agent interoperability, dozens of personal and business agents, and comprehensive AI security Today, Glean also announced collaborations with Dell, Palo Alto Networks, Snowflake, and Workday. About Glean Glean is the Work AI platform that helps everyone work smarter with AI. Glean Assistant gives every employee a powerful enterprise AI assistant that connects to and understands company data and internet data, and Glean Agents empowers everyone to create, use, and manage AI agents using natural language. Powered by Glean's search and agentic reasoning engine, Glean's agents automate work across the organization at scale, while ensuring permissions enforcement, full referenceability, governance, and security. With over 100 connectors, LLM choice, APIs for customization, and no need for costly professional services, Glean delivers scalable, turnkey implementation of a complex AI ecosystem on one centralized platform. Analyst Recognition Gartner Cool Vendors for Digital Workplace Applications, 2024 Connect with Us! Blog LinkedIn Twitter X View source version on Contacts Sierra Dowlingpress@ Sign in to access your portfolio
