The latest funding reflects AlphaSense’s leadership in AI-powered market intelligence and B2B discovery, enabling more confident decision-making for thousands of enterprise customers.
New York, April 11, 2023 /PRNewswire/ — AlphasenseThe leading market intelligence and discovery platform, announced today $100 million In addition $225 million Series D financing round in a $1.8 billion Valuation through new investments by existing investors, including CapitalG, Alphabet’s independent growth fund, and the growth equity business within Goldman Sachs Asset Management (Goldman Sachs) and Viking Global Investors.
CapitalG’s investment reflects the rapidly growing adoption of AlphaSense and its innovative AI and search capabilities among 4,000 enterprise customers, which now include most of the S&P 500, nearly all of the world’s largest banks, investment firms, and consultancies, and a wide range of leading companies. – Industries such as life sciences, energy, industrial, consumer goods, and technology. The company’s client base has more than doubled in the past year, reflecting the business and financial world’s increased need for market intelligence to navigate the current economic environment.
This investment will fuel the continued deployment of AlphaSense’s advanced AI capabilities, including generative AI that dramatically accelerates the research process for business and financial professionals. AlphaSense has spent a decade building and refining its AI tech stack and collecting data to continuously train its language models, building a vast collection of high-level, reliable business content. This makes Generative AI capabilities a powerful addition to AlphaSense’s enterprise customer base, allowing them to easily access concise insights drawn from top-tier sources, with built-in auditing capability so users can easily check original content for reference and validation.
“We are proud to support AlphaSense as it powers market intelligence and research for the business world,” said. James Luo, partner at CapitalG. “The AlphaSense platform is truly powerful in how it helps AI transform and streamline the work of business and finance professionals around the world, investors like us, as well as many happy users at companies like Google, Bank of America, and Merck. High quality, reliable business and market I’m excited to invest in and partner with a company that will enhance how more businesses make strategic decisions by enabling seamless access to insights.”
AlphaSense’s platform and search technology uses proprietary AI and language models, and helps professionals extract relevant insights from a wide universe of public and private content, including equity research, earnings calls, company filings, news, trade journals, and expert interviews. AlphaSense enables leading corporations and financial institutions to discover valuable insights they can’t find anywhere else and make smarter decisions with confidence and speed.
“We are honored to partner with CapitalG through this financing and to be recognized for our leadership in AI-powered search capabilities for the business world,” said. Jack Coco, CEO and Founder of AlphaSense. “Every company’s enterprise value is the cumulative sum of the decisions they make – and our goal is to improve the strategic decision-making process for businesses worldwide. We’re taking giant leaps with AI to deliver more accurate data and insights to our customers, I think from our product roadmap and business momentum.” More excited than ever. This funding and partnership will help accelerate it.”
In addition to expanding value to customers through R&D, the new capital also enhances AlphaSense’s ability to make strategic acquisitions that expand its platform capabilities and increase the value it delivers to customers. Recent examples include the 2021 acquisition of AlphaSense streamThe world’s most extensive library of expert interview transcripts, and the acquisition of 2022. SentioA financial intelligence platform.
About AlphaSense
AlphaSense is a market intelligence and research platform used by the world’s leading companies and financial institutions. Since 2011, our AI-based technology has helped professionals make smarter business decisions by providing insights from a wide universe of public and private content, including equity research, company filings, event transcripts, expert calls, news, trade journals, and clients’ own. Research material. Headquartered in New York CityAlphaSense employs over 1,000 people in offices in the US, UK. Finland, Germanyand India. For more information, please visit www.alpha-sense.com.
About CapitalG
Capital G, Alphabet’s independent growth fund, invests in notable companies transforming the fields of enterprise infrastructure, security, and data; fintech; and consumer services and markets. CapitalG partners with growth-stage companies in the transition from startup to scale-up through its in-house growth team and connections with Google’s engineering, manufacturing, marketing, sales and global operations experts. More than 3000 Googlers and Alphabet leaders are involved with CapitalG portfolio companies including Airbnb, CrowdStrike, Databricks, Duolingo, Freshworks, Gusto, Lyft, Stripe, UiPath and Zscaler. Learn more at https://capitalg.com/
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