Funding round
Glean Series E
Glean, which works in AI-Powered enterprise search solutions in San Francisco, raised $260M in a Series E round announced on 10 Sep 2024, led by Altimeter and DST Global, at a $4.60B post-money valuation. 13 firms took part, 8 of them already investors. It is Glean's fourth venture round on record; the one before was a Series D in Feb 2024.
$260M
Amount raised
$4.60B
Post-money valuation
$4.34B pre-money
13
Investors
2 leads
2.1x
Step-up from the Series D
$2.20B in Feb 2024
5.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Glean at $4.60B after the new money, 2.1 times the $2.20B of its Series D (Feb 2024). The $260M bought investors about 5.7% of the company. It came 7 months after Glean's Series D. It is 36% of the $725M Glean has raised in the venture rounds on record. Glean raised again 9 months later: a Series F round of $150M in Jun 2025, at $7.20B 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 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 this round 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
Altimeter and DST Global led the round with 11 other firms. Coatue, General Catalyst, ICONIQ Growth and Institutional Venture Partners and 4 more had backed Glean before.
Lead investors
- Altimeter backs 67 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
Also in the round
- Craft Ventures backs 197 venture-backed companies new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- Coatue backs 229 venture-backed companies existing investor
- General Catalyst backs 574 venture-backed companies existing investor
- ICONIQ Growth existing investor
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- Kleiner Perkins backs 285 venture-backed companies existing investor
- backs 2 venture-backed companies existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
39 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $140M, and this round was 1.9 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 25 Sep 2024 | $125M | $900M | Warburg Pincus |
| Cribl Tech Companies | 27 Aug 2024 | $319M | $3.50B | GV |
| Tech Companies | 29 Aug 2024 | $3.5M | not disclosed | not named |
| Insider One Tech Companies | 1 Nov 2024 | $500M | not disclosed | General Atlantic |
| Tech Companies | 19 Nov 2024 | $175M | $2.00B | Tiger Global and Balderton Capital |
| SmartHR Tech Companies | 1 Jul 2024 | $140M | not disclosed | KKR and Ontario Teachers’ Pension Plan |
| Whatnot Tech Companies | 10 Jan 2025 | $265M | $4.97B | Greycroft and DST Global |
| Perk Tech Companies | 28 Jan 2025 | $200M | $2.70B | Atomico and EQT |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Glean raise in its Series E round?
Glean raised $260M in its Series E round, announced in Sep 2024.
Who led Glean's Series E round?
Altimeter and DST Global led it, with Craft Ventures, Sapphire Ventures, SoftBank Vision Fund, Coatue and General Catalyst and 6 more.
What was Glean's valuation at the Series E round?
$4.60B post-money ($4.34B pre-money).
How does it compare with other Series E rounds in Tech Companies?
39 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $140M, and this round was 1.9 times the median.
Did Glean raise again after this round?
Yes: a Series F round in Jun 2025 of $150M at $7.20B post-money.