Andrew
AlphaSense, the New York-based market intelligence platform, has secured a substantial $150 million in funding through its recent Series E round. This influx of capital is earmarked for the expansion of AlphaSense’s enterprise solution, as well as the further development and deployment of its cutting-edge AI search capabilities. These capabilities encompass purpose-built market intelligence and financial language models (LLMs), and the innovative GenAI capabilities.
Utilizing advanced technology, including natural language processing, AlphaSense specializes in extracting valuable insights from a wide array of public and private content sources. This extensive repertoire comprises over 10,000 business sources and encompasses documents such as SEC filings, broker research, earnings call transcripts, private company data, newspapers, trade journals, and internal company data.
BOND, a prominent player in the investment landscape, has taken the lead in this funding round, propelling AlphaSense’s valuation to an impressive $2.5 billion. Notably, existing investors like Alphabet’s CapitalG, Viking Global Investors, and Goldman Sachs have also participated in this financial milestone. Notably, this capital infusion follows closely on the heels of a $100 million addition to AlphaSense’s Series D financing round in 2022.
Jack Kokko, the visionary CEO and founder of AlphaSense expressed his enthusiasm about BOND’s investment, stating, “I couldn’t be more excited about BOND’s investment in AlphaSense. 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.”
For more information, check out AlphaSense’s website at www.alpha-sense.com. We’ve previously reviewed the expert network Stream by Alphasense.
