Gleen Raises Funds with Tech-Savvy Chatbot for Discord and Slack, Solana Founder Invests

cryptonews.com:

Gleen, a chatbot service based in California, has secured $4.9 million in funding in an oversubscribed round.

The company, which is making waves in the crowded market of chatbot services for Discord and Slack, attracted investors from both the traditional software industry and the emerging crypto sphere, according to a report from TechCrunch.

Institutional investors include Slow Ventures, 6th Man Ventures, South Park Commons, Spartan Group, and CoinShares, while notable angel investors include Anatoly Yakovenko, co-founder of Solana (SOL), and Mike Derezin, former COO of Chainlink (LINK).

Founded by veterans from Microsoft and LinkedIn, Gleen specifically targets technical communities such as blockchain infrastructure channels on Discord.

The company aims to use its recently secured funding to further develop its product, with a focus on addressing a critical issue in large language models today – hallucination.

Hallucination occurs when artificial intelligence generates false information but presents it with confidence. 

This can be particularly harmful in discussions centered around esoteric topics, as participants may be misinformed and make decisions based on false but assertive answers. 

“If someone says the price of Uniswap [the token of the namesake decentralized crypto exchange] is going to go up to $200, then it can be a massive manipulation of the market,” Gleen CEO Ashu Dubey said.

“We decided that we were going to fix this particular problem of hallucination before we could actually be a serious player, so we fixed it.”

Dubey claimed that many existing chatbots are simply "wrappers" of ChatGPT and other large language models. 

These chatbots offer responses that are likely obtained by calling the OpenAI API, which does