PYMNTS.com August 8, 2024
Artificial intelligence (AI) startup Glean is reportedly in advanced discussions to raise $250 million in financing.
The deal would value the company at $4.5 billion, a figure that is double the valuation it achieved in another fundraise six months ago, the Wall Street Journal (WSJ) reported Thursday (Aug. 8), citing unnamed sources.
The details of the deal have not been finalized, and they could change, according to the report.
Reached for comment by PYMNTS, Glean spokesperson Kate Miller said in an email: “To ensure we’re building the strongest business we can, we’re regularly in conversation with investors, but we have not solidified any plans to raise a new round since our Series D which was announced earlier this year. We’re...
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