Glean Surpasses $200 Million in Annual Revenue, Doubling in Just Nine Months

As the AI revolution continues to sweep the corporate landscape, one company is capitalizing on the trend like never before. Glean, a pioneer in enterprise search and AI applications, has just hit a major milestone: $200 million in annual recurring revenue, a staggering increase from $100 million just nine months ago. This achievement is all the more impressive given the company's valuation of $7.2 billion, a figure that has more than doubled in just a few months. Behind this remarkable growth is CEO Arvind Jain, a seasoned entrepreneur who founded Glean in 2019. Jain's vision was to bring the capabilities of consumer-facing AI tools like ChatGPT to the business world, where they could be used to drive productivity and efficiency. And it seems he's succeeded in a big way. At Fortune Brainstorm AI San Francisco, Jain revealed the company's latest achievement in an exclusive interview. "Everybody has been looking for a safe, secure, more appropriate version of ChatGPT for their employees," he said. "And we bring the capabilities that ChatGPT brings to consumers to business users, and in the context of their company." Glean's success is not just a testament to Jain's vision, but also to the growing recognition among CEOs and executives that AI is no longer a luxury, but a necessity. In June, the company raised $150 million in its Series F funding round, which sent its valuation soaring to $7.2 billion. This is a significant increase from its valuation of $4.6 billion just a year ago. So, what's driving this growth? According to Jain, it's the awareness among business leaders that AI technologies are not built for their companies. "Most of the AI technologies are built on the data on the Internet, public data," he explained. "And so when you bring those models inside your company, and you try to actually make them do some work internally, they don't really have any understanding of how your business works and your processes." This is where Glean comes in. The company's AI applications are designed to be tailored to the specific needs of each business, using data from within the organization to drive insights and decision-making. This approach has resonated with customers, who are looking for a more secure and reliable way to implement AI in their operations. Glean's growth is not just a reflection of the company's success, but also of the broader trend towards AI adoption in the enterprise. As more companies look to leverage AI to drive growth and efficiency, Glean is well-positioned to capitalize on this trend. According to Jain, the company's focus on enterprise search and AI applications has been a key differentiator. "We're not just building AI models, we're building AI applications that are designed to solve specific business problems," he said. "And that's what's resonating with our customers." As Glean continues to grow and expand its offerings, it's clear that the company is poised to play a major role in the AI revolution. With its focus on enterprise search and AI applications, Glean is helping businesses to unlock the full potential of AI, and drive growth and efficiency in the process. As Jain noted in his interview, "This is the time to invest in AI. And we're proud to be at the forefront of this revolution." With its impressive growth and valuation, Glean is certainly a company to watch in the years to come.