$225m for Market Intelligence Provider AlphaSense

New York-based market intelligence platform AlphaSense has raised $225m in a Series D round of funding, valuing the company at $1.7 billion - nearly double the figure after its $180m Series C round just nine months ago.

AlphaSense's technology uses artificial intelligence and natural language processing to extract insights from public and private content, including more than 10,000 business sources, and documents such as SEC filings, broker research, earnings call transcripts, private company data, newspapers, trade journals and internal company data. Headquartered in New York City, the firm employs more than 1,000 people across offices in the US, UK, Finland, Germany and India.

New funding has been led by Goldman Sachs Asset Management and Viking Global, which also led the Series C round; and this latest round also includes a 'substantial debt investment' from funds and/or accounts managed by BlackRock. The investment will be used for product development, content expansion and customer support, and to drive organic growth as well as strategic transactions.

CEO Jack Kokko (pictured) comments: 'This round of funding will allow AlphaSense to invest in our growth and capitalize on opportunities to expand our content sets and improve our value offering, furthering our mission to help companies across all industries make better decisions with greater confidence and speed'.

Web site: www.alpha-sense.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.