Just about every employee everywhere struggles at one time or another to find the document or information they need to do their job.
Sequoia Capital also clearly sees that problem, as the venture capital giant led a $100 million Series C for Palo Alto, California-based job assistant Glean just eight months after the startup exited. the underground.
The new financing gives the company a valuation of $1 billion. Glean previously raised $55 million, according to Crunchbase.
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Glean’s platform enables employees to search across all of a company’s applications to find the document, information, or person they need to get their job done.
In a statement, the company points to a recent study that showed employed Americans spend an average of 25 percent of their workweek looking for what they need to work. It also found that 43 percent of those surveyed say they would consider leaving their jobs if their employer didn’t provide them with a better system for finding things.
The category of improving employee search is not new. Giants like Google, Amazon, and Microsoft supply some tools and platforms, as do startups like Coveo and Lucidworks.
However, in a market where large rounds are getting harder to raise and valuations are falling, it is worth noting that Glean achieved unicorn status after just eight months on the market.
Other investors in the company include General Catalyst, Kleiner Perkins, Lightspeed Venture Partners and The Slack Fund.
Illustration: Dom Guzman
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