AI search startup Glean announces new funding at $4.6 billion valuation

(Reuters) - Enterprise AI search firm Glean raised over $260 million in a new funding round, doubling its valuation to $4.6 billion, as investor interest in startups that deploy artificial intelligence-powered services continues to grow.

The Series E funding round, led by Altimeter and DST Global, has boosted Glean's valuation from its previous $2.2 billion in February.

The company uses conversational AI assistants and large language models like OpenAI's GPT, which powers ChatGPT, to generate personalized answers to queries based on a company's internal data.

Founded in 2019 by former Google employees, Glean counts Reddit, Pinterest, Databricks, and others among its customers.

The company also announced new features that allow users to create "multi-step" prompts using natural language to remove the necessity for coding skills or prompt engineering.

Co-founder and CEO Arvind Jain, who also co-founded data management startup Rubrik, said in February the company plans to increase hiring.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Vijay Kishore)

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