Glean AI Raises $11 Million to Help SMBs Save on Expenses

Glean AI has raised $10.8M of seed funding to help small businesses save on vendor expenses using "Intelligent AP." Founded in 2021, Glean AI says it has helped businesses "understand, optimize, and uncover savings" insights on over $500M in vendor spend. The NYC-based company uses machine learning to check deal terms and negotiation opportunities. Howard Katzenberg, Glean AI's CEO and Founder told AllyWatch, "Accounts payable automation is a $40B market. Glean AI is the only platform that analyzes line-item data for game-changing insights." Prior to Glean AI, Katzenberg served as CFO at Better.com and On Deck.