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US enterprise AI search startup Glean raises $200 million, plans hiring spree

Economic Times

Economic Times · 1y ago

US enterprise AI search startup Glean raises $200 million, plans hiring spree

Glean, an AI-powered startup, has raised $200 million in a funding round led by Kleiner Perkins and Lightspeed Venture Partners, valuing the company at $2.2 billion. Glean provides search and knowledge management solutions for enterprises by integrating applications and databases. The company uses conversational AI assistants and large language models to offer personalized summaries and answers based on a company's internal knowledge. With the new funding, Glean plans to expand its team and continue serving customers such as Sony Electronics and Databricks.

Related News

AI company Glean hits $7.2 billion in valuation in latest funding round

Economic Times

Economic Times · 1m ago

AI company Glean hits $7.2 billion in valuation in latest funding round

Glean, a US enterprise AI search startup, has reached a $7.2 billion valuation following a Series F funding round, raising $150 million. Led by Wellington Management, the round also featured new investors like Khosla Ventures. The funds will be used to enhance Glean's product offerings and expand its international presence.

San Francisco-based AI firm Glean Technologies expands to India

YourStory

YourStory · 1y ago

San Francisco-based AI firm Glean Technologies expands to India

Enterprise AI platform Glean Technologies has opened its first office in Bengaluru, India. The 26,000 square-foot office will serve as the company's central hub for operations in the country and globally. Glean Technologies provides enterprise search and knowledge management solutions, connecting companies' applications and databases to enable efficient data access and management. The company has raised $350 million in funding and plans to expand its workforce from 150 to over 450 by next year. Glean Technologies aims to position itself as a top employer for IITs in India. It has developed conversational AI assistants and personalised summarisation capabilities.

Glean wants to beat ChatGPT at its own game -- in the enterprise

TechCrunch · 1y ago

Glean wants to beat ChatGPT at its own game -- in the enterprise

Glean, a software developed by Arvind Jain, the co-founder of Rubrik, is aiming to provide enterprise employees with a custom ChatGPT-like experience for answering plain-English queries from vast amounts of data. Glean connects with enterprise databases to provide relevant answers, addressing the challenge faced by desk workers of finding required data efficiently. The platform leverages GenAI, but concerns have been raised about privacy and data security risks. Despite this, Glean has seen strong growth, recently raising $200 million in a Series D funding round and acquiring a customer base including Duolingo and Sony.

Microsoft’s $650 million deal with Inflection AI: Key things to know

Economic Times

Economic Times · 1y ago

Microsoft’s $650 million deal with Inflection AI: Key things to know

Tech giant Microsoft has paid $650 million to AI startup Inflection to license its software. The deal follows Microsoft's recent hiring of Inflection's co-founders and most of its staff. As part of the agreement, Microsoft will pay $620 million to license Inflection's AI models and an additional $30 million to relinquish legal rights related to the recent hiring. Inflection, which is valued at $4 billion, plans to shift its focus to selling models to enterprise customers. The deal may face scrutiny from antitrust regulators, similar to other tech deals in the industry.

Enterprise solutions startup Beacon raises $7 million in round led by Sorin Investments

Economic Times

Economic Times · 5m ago

Enterprise solutions startup Beacon raises $7 million in round led by Sorin Investments

Beacon.li, an AI-powered enterprise solutions startup, raised $7 million in a Series A round led by Sorin Investments. The funding will help expand AI capabilities, scale globally, and enhance automation. Founded in 2023, Beacon.li streamlines enterprise software with AI automation, serving clients in India and the US. Investors include Athera Venture Partners and Jafco Asia. Beacon.li's AI reduces support volume by 80% and boosts user adoption fourfold, addressing critical enterprise efficiency needs.

TraqCheck Raises Pre-Series A Funding at Over $14 Million Valuation

OutlookIndia

OutlookIndia · 2m ago

TraqCheck Raises Pre-Series A Funding at Over $14 Million Valuation

TraqCheck, an enterprise software company specializing in AI-driven background check solutions, has successfully raised Pre-Series A funding, valuing the company at over $14 million. The funding aims to facilitate global expansion, starting with the UK. Notable investors include Alok Oberoi, Aakash Anand, and Caret Capital. Founded in 2020 by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, TraqCheck partners with over 200 corporations, enhancing hiring processes through fast, accurate background checks. This round follows an April 2024 investment.

AI search startup Genspark raises $60 million in seed round to challenge Google

Economic Times

Economic Times · 1y ago

AI search startup Genspark raises $60 million in seed round to challenge Google

Artificial intelligence search startup Genspark has raised $60 million in seed funding from Singapore-based fund Lanchi Ventures. The company, founded by former Baidu executives, aims to challenge Google's dominance in the search market. Genspark differentiates itself by using multiple specialized AI agents to generate customized pages for each query, delivering useful results on a single page. The startup's CEO, Eric Jing, plans to open a new office in Seattle as they focus on serving the US market. Genspark currently provides free search services and may explore paid subscriptions in the future.

Perplexity AI raises $73.6M in funding round led by Nvidia, Bezos, now valued at $522M

Business Today

Business Today · 1y ago

Perplexity AI raises $73.6M in funding round led by Nvidia, Bezos, now valued at $522M

Perplexity AI, a search startup, has raised $73.6 million in a Series B funding round led by Nvidia and Jeff Bezos. The company specializes in advanced search tools that provide instant answers with sources and citations. With this funding, Perplexity AI's valuation has reached $520 million. The startup plans to expand its team, enhance product development, and focus on global expansion efforts. CEO Aravind Srinivas believes Perplexity AI's approach sets it apart from traditional search engines like Google, positioning it as a next-generation search tool.

Stack Overflow enters generative AI with launch of Overflow AI

IndianStartupNews

IndianStartupNews · 1y ago

Stack Overflow enters generative AI with launch of Overflow AI

US-based Stack Overflow has launched Overflow AI to enhance its developer community platform. Overflow AI will integrate AI/ML solutions into Stack Overflow for Teams, offering users enterprise knowledge ingestion, improved search capabilities, visual studio code extension, and Slack integration. For the public platform, Overflow AI will provide efficient search results by referencing data from over 58 million Stack Overflow Q&A entries and broadening search parameters. Stack Overflow's NLP Collective has also introduced 'Discussions' for more focused AI/ML-related conversations.

AI infrastructure startup Pipeshift raises $2.5 million from Y Combinator, others

Economic Times

Economic Times · 6m ago

AI infrastructure startup Pipeshift raises $2.5 million from Y Combinator, others

Pipeshift, an AI infrastructure startup, secured $2.5 million in seed funding from Y Combinator and others to enhance its platform and expand in the US and India. The startup, based in San Francisco and Bengaluru, helps enterprises streamline AI model deployment, reducing engineering time significantly. Pipeshift's platform is designed for open-source AI models and has been adopted by over 30 companies. The funding will also support hiring and market-fit strategies.

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