Founded in 2001 by Olav Bergheim, Richard Hill and Mory Gharib, the company has raised $126 million in venture funding from Versant Ventures, OrbiMed Advisors, Frazier Healthcare Ventures, InterWest Partners, Meritech Capital Partners, Domain Associates, Fjord Capital Management and Montreux Equity Partners.
Glaucous (from the Latin glaucus, meaning "bluish-grey or green", from the Greek glaukós) is used to describe the pale grey or bluish-green appearance of the surfaces of some plants, as well as in the names of birds, such as the Glaucous Gull (Larus hyperboreus), Glaucous-winged Gull (Larus glaucescens), Glaucous Macaw (Anodorhynchus glaucus), and Glaucous Tanager (Thraupis glaucocolpa).