AlphaSense, an AI-led market intelligence and search platform used by global firms and financial institutions, has secured $150m in its Series E funding round.
In brief:
-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.
-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.
-The latest fundraise comes months after AlphaSense secured $100 million in Series D funding led by Alphabet’s CapitalG.
What does this mean?
“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.
