AlphaSense’s AI-driven market prowess leads to $150m Series E funding

AlphaSense's AI-driven market prowess leads to $150m Series E funding

AlphaSense, recognised as a frontrunner in the market intelligence and search domain, has unveiled its latest financial figures.

The company successfully amassed $150m in its Series E funding initiative. The round saw active participation from BOND as the lead investor, with significant contributions from previous backers such as Alphabet’s CapitalG, Viking Global Investors, and Goldman Sachs. Following this round, AlphaSense’s market valuation has surged to an impressive $2.5bn.

Since its inception in 2011, AlphaSense has emerged as a prominent market intelligence and search platform, trusted by the world’s leading companies and financial institutions. By leveraging advanced AI technology, it offers professionals crucial insights gathered from an array of public and private content sources, ranging from equity research and company filings to event transcripts and expert discussions.

The freshly procured capital is earmarked to bolster AlphaSense’s enterprise offering. Specifically, the funds will drive the deployment of its superior AI search functionalities, specialised market intelligence, financial LLMs, and its GenAI solutions—all tailored for customers’ private cloud ecosystems. This advanced suite of services empowers users to meticulously monitor and garner pivotal insights from both internal and external content via unparalleled AI-driven search, summary, and chat tools.

Balyasny Asset Management’s dedicated private investment arm, BAM Elevate, although a client of AlphaSense since 2015, has stepped in as a new investor for this round. AlphaSense’s unique offerings have been rapidly adopted by over 4,000 enterprise customers, a list that boasts most of the S&P 500, globally recognised banks, investment behemoths, consultancies, and influential firms from every business sector.

For more than a decade, AlphaSense has been at the vanguard, radically altering the research procedures for business and financial aficionados. It consistently harnesses the power of the latest in AI and NLP tech, gathering data to perpetually refine its language models, while concurrently accumulating a plethora of top-tier, reliable business content.

BOND General Partner Jay Simons commented, “At BOND, we look for iconic technology companies that are shaping the future. With the ability to deliver the right insights and data to help businesses confidently make the everyday, strategic decisions that ultimately define their future, AlphaSense immediately struck us as a category creator emerging into one of those iconic companies that significantly advances how the business world works.”

Additionally, Norman Chen, Partner at BAM Elevate, shared, “Today, we have over 150 investment professionals leveraging the AlphaSense platform to get insights and data points more rapidly and reliably. We wholeheartedly believe in AlphaSense’s growth and distinctive position in the industry and want to be an even greater part of its journey.”

Lastly, AlphaSense CEO and Founder Jack Kokko expressed, “The additional capital allows us to invest strategically, so we can continue to lead the generative AI revolution in our market. We are building the future of market intelligence, and we are proud to continue revolutionising search for enterprise customers.”

Notably, this financial milestone comes shortly after AlphaSense bagged a $100m Series D investment, spearheaded by Alphabet’s CapitalG.

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