Pipe Acquires Spend Management Platform Glean.ai For $2 Billion

Pipe, a San Francisco-based embedded SMB financing startup, has acquired spend management platform Glean.ai in an all-stock deal valuing Pipe at $2 billion—matching its last funding round. Founded by Howard Katzenberg, former CFO of OnDeck and Better Mortgage, Glean helps SMBs manage spend by tracking billing errors, surfacing savings, and offering budgeting tools. The deal adds recurring SaaS revenue to Pipe’s transaction-focused model and gives Glean customers access to a charge card—its top requested feature. Glean will continue as a standalone product, while Pipe plans to embed its tools into platforms like Housecall Pro and GoDaddy. BUYER: Pipe SELLER: Glean.ai VALUATION: $2,000,000,000 HQ: #SanFrancisco #California #VentureCapital #Pipe #Gleanai #HowardKatzenberg #TradedVC