AI Firm AlphaSense Reaches $2.5B Valuation with $150M Series E Funding
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AlphaSense, an AI-driven market intelligence and search platform, has raised $150 million in a Series E round, valuing the company at $2.5 billion.
The company will use the new capital to deploy its AI search functionality, purpose-built market intelligence and financial LLMs, and GenAI capabilities.
AlphaSense, an AI-driven market intelligence and search platform, today announced it has raised $150 million in a Series E round, valuing the company at $2.5 billion.
The round was led by global tech investment firm, BOND, and joined by existing investors including Alphabet’s CapitalG, Viking Global Investors, and Goldman Sachs.
BAM Elevate, Balyasny Asset Management’s private investment team, has been an AlphaSense client since 2015 and is a new investor in this round.
“Today, we have over 150 investment professionals leveraging the AlphaSense platform to get insights and data points more rapidly and reliably,” Norman Chen, Partner at BAM Elevate, commented. “From our perspective, AlphaSense’s AI and search technology has been incredibly powerful at surfacing the right information to help enhance our investment process at BAM – which is also why we invested in this latest round.”
The new financing comes after AlphaSense announced a $100 million Series D extension in April. The company said that it will use the new capital to deploy its AI search functionality, purpose-built market intelligence and financial LLMs, and GenAI capabilities.
Additionally, the company will use the funds to grow its extensive collection of searchable business content and make strategic acquisitions that expand its platform capabilities.
“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,” Jack Kokko, CEO and Founder of AlphaSense, said in a statement.
AlphaSense claims that its AI and search capabilities are being used by more than 4,000 enterprise customers. They encompass most of the S&P 500, the largest global financial institutions, investment firms, consulting firms, and businesses across all sectors of the economy.
The company states it uses the latest AI and NLP technology, amassing data to continuously train its language models, simplifying the research process for business and financial professionals.
It has also been building a vast collection of indexed and searchable business content, allowing users to track insights across earnings, broker research, company documents, expert calls, and more.
AlphaSense says it has won a number of industry awards since its Series D addition in April. These include being named Market and Competitive Intelligence leader by Forrester, and a top 50 AI company by Forbes.
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