Funding round
Glean Series C
Glean, which works in AI-Powered enterprise search solutions in San Francisco, raised $100M in a Series C round announced on 18 May 2022, led by Sequoia Capital, at a $1.00B post-money valuation. 5 firms took part. It is Glean's second venture round on record; the one before was a Series A in Jan 2019.
$100M
Amount raised
$1.00B
Post-money valuation
$900M pre-money
5
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Glean at $1.00B after the new money. The $100M bought investors about 10% of the company. It came 40 months after Glean's Series A. It is 14% of the $725M Glean has raised in the venture rounds on record. Glean raised again 21 months later: a Series D round of $200M in Feb 2024, at $2.20B post-money.
Glean's funding rounds
Glean has 5 venture rounds on record. This one is highlighted.
- Series A 1 Jan 2019, led by Lightspeed Venture Partners $15M
- Series C this round 18 May 2022, led by Sequoia Capital $100M$1.00B post-money
- Series D 26 Feb 2024, led by Kleiner Perkins and Lightspeed Venture Partners $200M$2.20B post-money
- Series E 10 Sep 2024, led by Altimeter and DST Global $260M$4.60B post-money
- Series F 10 Jun 2025, led by Wellington Management $150M$7.20B post-money
Investors
Who put money in
Sequoia Capital led the round with 4 other firms.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- General Catalyst backs 574 venture-backed companies new investor
- Kleiner Perkins backs 285 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
444 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.7 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Abnormal AI Tech Companies | 10 May 2022 | $210M | $4.00B | Insight Partners |
| Tech Companies | 24 May 2022 | $200M | not disclosed | KKR |
| Tech Companies | 3 May 2022 | $110M | $1.10B | Bessemer Venture Partners |
| Tech Companies | 11 May 2022 | $100M | not disclosed | Technology Crossover Ventures |
| Tech Companies | 9 May 2022 | $100M | $2.00B | Lux Capital |
| Tech Companies | 11 May 2022 | $100M | $1.10B | Founders Fund |
| Tech Companies | 17 May 2022 | $68M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 11 May 2022 | $67M | not disclosed | Pitango and Saban Ventures |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Glean raise in its Series C round?
Glean raised $100M in its Series C round, announced in May 2022.
Who led Glean's Series C round?
Sequoia Capital led it, with General Catalyst, Kleiner Perkins, Lightspeed Venture Partners and Salesforce Ventures.
What was Glean's valuation at the Series C round?
$1.00B post-money ($900M pre-money).
How does it compare with other Series C rounds in Tech Companies?
444 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.7 times the median.
Did Glean raise again after this round?
Yes: a Series D round in Feb 2024 of $200M at $2.20B post-money.