AI startup Glean lures Citigroup as investor at $2.2 billion valuation after revenue quadruples
Publishing timestamp: 2024-02-27 08:00:01
Summary
Glean, an AI startup, raised $200 million at a $2.2 billion valuation. The company's software, which provides quick answers to workers' questions, has seen significant revenue growth. Glean is attracting investments from tech companies and traditional venture firms, with Citigroup also showing interest. The company is focused on expanding its user base and is targeting various industries beyond tech.
Sentiment: POSITIVE
Tickers: GOOGL, MSFT, C, CDAY, CFLT, WDAY,
Keywords: ceridian hcm holding inc, citigroup inc, confluent inc, business news, enterprise, business, breaking news: technology, alphabet inc, workday inc, technology, microsoft corp,