AlphaSense, a New York-based market intelligence and search platform, announced $100 million in addition to its $225 million in Series D funding at a $1.8 billion valuation.
The round was led by CapitalG, Alphabet's independent growth fund along with existing investors such as Viking Global Investors and Goldman Sachs Asset Management’s growth equity business.
The funding will be used to deploy AlphaSense's advanced AI capabilities, including generative AI, to speed up the research process for business and financial professionals.
The capital will also be used to make strategic acquisitions that expand its platform capabilities and increase the value it delivers to customers.
"We're honored to partner with CapitalG through this financing and to be recognized for our leadership in AI-driven search capabilities for the business world," said Jack Kokko, CEO and Founder of AlphaSense. "Every company's enterprise value is a cumulative sum of the decisions they make - and our mission is to improve strategic decision-making for businesses worldwide. With the big leaps we are taking with AI to deliver even more precise data and insights to our customers, I am more excited than ever by our product roadmap and business momentum. This financing and partnership will help accelerate that even further."
AlphaSense utilizes its proprietary AI and language models within its platform and search technology to aid professionals in extracting meaningful insights from an extensive range of public and private content. This includes equity research, earnings calls, company filings, news, trade journals, and expert interviews.
AlphaSense empowers top corporations and financial institutions to uncover unique insights and make more informed decisions quickly and confidently.
Company: AlphaSense
Raised: $100.0M
Round: Series D Extension
Funding Month: April 2023
Lead Investors: CapitalG (Alphabet's independent growth fund)
Additional Investors: Goldman Sachs Asset Management's Growth Equity business and Viking Global Investors
Company Website: https://www.alpha-sense.com/
Software Category: Market Intelligence and Search Platform
About the Company: AlphaSense is a market intelligence and search platform that provides relevant insights to business and financial professionals by leveraging proprietary AI and language models. The platform helps extract insights from public and private content, including equity research, earnings calls, company filings, news, trade journals, and expert interviews. The company's subscriber base includes over 4,000 enterprise customers, including the majority of the S&P 500 and leading companies in various industries. Headquartered in New York City, AlphaSense employs over 1,000 people across offices in the U.S., U.K., Finland, Germany, and India.
Source: https://www.prnewswire.com/news-releases/alphasense-raises-100m-led-by-alphabets-capitalg-to-fuel-innovation-in-ai-and-market-intelligence-301794245.html