AlphaSense, a New York-based market intelligence and search platform, raised $150 million in Series E financing, bringing its valuation to $2.5 billion.
The round was led by BOND, and joined by existing investors including Alphabet's CapitalG, Viking Global Investors, and Goldman Sachs.
BOND is a global technology investment firm that supports visionary founders throughout their entire life cycle of innovation and growth.
AlphaSense Use of Funds
The company plans to use the new capital to expand its enterprise solution, deploying its AI search capabilities, market intelligence tools, and GenAI features within customers' private clouds. The expanded product offering aims to empower professionals with AI-driven search and summarization capabilities, enabling them to extract valuable insights from a wide range of content sources.
AlphaSense also intends to grow its collection of searchable business content and make strategic acquisitions to enhance its platform capabilities.
AlphaSense is a market intelligence and search platform that leverages AI and natural language processing (NLP) technology to deliver valuable insights and data to businesses, helping them make informed decisions. Since 2011, its AI-based technology has helped professionals make smarter business decisions by delivering insights from an extensive universe of public and private content—including equity research, company filings, event transcripts, expert calls, news, trade journals, and clients' own research content. AlphaSense's mission is to help businesses find the right data and insights for confident and agile decision-making.
The company's platform is used by over 4,000 enterprise customers, including major players in the S&P 500, global banks, investment firms, consultancies, and companies from various sectors. Headquartered in New York City, AlphaSense employs over 1,000 people across offices in the U.S., U.K., Finland, Germany, India, and Singapore.
Company: Alphasense Inc.
Round: Series E
Funding Month: September 2023
Lead Investors: BOND
Additional Investors: Alphabet's CapitalG, Viking Global Investors, and Goldman Sachs
Company Website: https://www.alpha-sense.com/
Software Category: Market Intelligence and Search platform