Glean Garners $100M Series C Led By Sequoia To Hit Unicorn Status
Nearly each personnel all over the place struggles at just one time or one more to uncover the doc or details they will need to do their work.
Sequoia Money evidently sees that problem too, as the VC giant led a $100 million Series C for Palo Alto, California-centered do the job assistant Glean—just 8 months soon after the startup arrived out of stealth.
The new funding gives the company a valuation of $1 billion. Glean previously raised $55 million, in accordance to Crunchbase.
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Glean’s platform will allow employees to research throughout all of a company’s purposes to find the doc, data or person they have to have in order to do their do the job.
In a release, the business details to a recent review which showed employed People on ordinary invest 25 per cent of their workweek hunting for what they require to function. It also observed that 43 p.c of respondents say they would think about leaving their careers if their employer did not deliver a improved procedure to obtain factors.
The category of increasing staff hunting is not new. Giants these as Google, Amazon and Microsoft all source some resources and platforms, as do startups like Coveo and Lucidworks.
However, in a market where by huge rounds are obtaining tougher to increase and valuations are dropping, it is noteworthy that Glean hit unicorn position soon after only eight months in the sector.
Other investors in the enterprise include things like General Catalyst, Kleiner Perkins, Lightspeed Enterprise Partners and The Slack Fund.
Illustration: Dom Guzman

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