Glean Forays Into India, Aims Up To  Mn Investment To Expand Its AI Play

By Inc42 Media

SUMMARY

US-based Glean Technologies launches Bengaluru office, plans INR 417 Cr investment over two years for GenAI expansion in India.

Aims to triple local workforce to 450, platform already powers 1,000+ AI apps across 100+ companies.

Recently raised $200 Mn, valued at INR 18,366 Cr; targets tech firms and large enterprises in India’s growing AI market.

While making its foray into the Indian market, California-based enterprise AI startup Glean Technologies looks to invest up to INR 417 Cr ($50 Mn) in the country over the next two years, with plans to capitalise on its GenAI play across the ecosystem. 

The company expanded its India footprint with its first office in Bengaluru.

According to Glean Technologies’ founder and CEO Arvind Jain, the new 26,000 sq. ft. facility will house finance, sales, R&D and business operations functions.

“This innovation site will play a key role in enabling Glean’s customers to deploy GenAI assistants and applications at scale globally,” he said. 

Glean’s AI platform integrates with various enterprise systems to provide employees quick access to internal knowledge and information. “Think of Glean as ChatGPT or Google inside your company. We connect all internal company information and answer questions using AI,” Jain said. 

Since introducing its platform offering in preview, more than 100 companies have created and deployed more than 1,000 unique AI apps and agents.

The company also aims to ramp up its hiring across verticals, including software engineering, AI/ML, customer support, finance, and sales, with an eye to triple its local employee headcount to 450 by the end of next year.

Jain further claimed that Glean’s annual recurring revenue is increasing 300% year-over-year. 

So far, the company has raised over INR 2,922 Cr ($350 Mn) from investors, including General Catalyst and Peak XV Partners, reaching a valuation of INR 18,366 Cr ($2.2 Bn).

In its latest Series D funding round in February, Glean raised $200 Mn from investors, including Citigroup, Capital One Ventures, Databricks and Peak XV Partners. 

While Glean currently has 5-10 clients in India, Jain sees potential in the market. “We’re looking at tech firms, digital natives, large financial and healthcare companies as our target customers.” 

The new office operates on 100% renewable energy, aligning with the company’s sustainability goals.

Glean’s expansion in Bengaluru reflects the city’s evolution as a hub for AI and software development, joining other global tech firms investing in India’s growing tech ecosystem.

Glean competes against companies such as Emburse Certify, Zoho Expense, Stampli, KoiZai, TradeRiser, and FinScience, all of which operate within the financial technology and expense management sectors.

India’s AI market is booming, projected to hit $6.26 billion by 2024 with a 28% CAGR through 2030. Key sectors include healthcare, manufacturing, automotive, and financial services. Major players include Microsoft, IBM, Google, and NVIDIA, along with a vibrant startup ecosystem focused on niche AI applications like natural language processing and AI-powered analytics​

Source: Inc42 Media