Glean, a startup that makes use of synthetic intelligence to assist corporations search their very own data base, has raised $200 million in its newest funding spherical, signaling sturdy investor curiosity in startups that see standard demand for his or her AI-powered merchandise.

The funding, co-led by present traders Kleiner Perkins and Lightspeed Enterprise Companions, valued Glean at $2.2 billion, up from the $1 billion it was valued at when it final raised in Could 2022.

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Arvind Jain, cofounder and CEO of Glean, who additionally co-founded information administration startup Rubrik, stated he plans to make use of the funding to double the crew to 700 folks this yr.

Based by former Google search engineers in 2019, Glean gives enterprises search and data administration options by connecting corporations’ functions and databases.

The corporate has constructed conversational AI assistants and used massive language fashions, together with OpenAI’s text-generation instrument ChatGPT, to generate personalised summaries and solutions primarily based on an organization’s inside data graph.

The Palo Alto, California-based startup stated it has practically quadrupled its annual recurring income up to now yr, serving clients comparable to Sony Electronics and Databricks.

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