AlphaSense lands $150m Series E funding at $2.5bn valuation
AlphaSense, an AI-led market intelligence and search platform used by global firms and financial institutions, has secured $150 million in its Series E funding round.
The round, led by tech investment firm Bond, and joined by existing investors including Alphabet’s CapitalG, Viking Global Investors and Goldman Sachs, brings the company’s valuation to $2.5 billion.
Founded in 2011 and based in New York, USA, AlphaSense leverages artificial intelligence (AI) technology to help businesses make “smarter” decisions by delivering insights from an extensive collection of public and private content including equity research, company filings, event transcripts, expert calls, news, trade journals, and clients’ own research content.
With over 1,000 employees spread across the US, UK, Finland, Germany, India and Singapore, AlphaSense claims strong revenue growth, with more than 4,000 enterprise customers including the majority of the S&P 500.
“The additional capital allows us to invest strategically, so we can continue to lead the generative AI revolution in our market, and deliver on our mission of helping businesses find the right data and insights to support more confident and agile decision-making,” comments Jack Kokko, CEO and founder of AlphaSense.
The latest fundraise comes months after AlphaSense secured $100 million in Series D funding led by Alphabet’s CapitalG. It plans to use the fresh cash towards expanding its solution, including its AI and generative AI search capabilities, grow its searchable content base, and make strategic acquisitions.