Market intelligence platform AlphaSense has raised $180m in a Series C round of funding. The money will be invested in product development and content expansion, in growing customer service teams in North America and Europe, and engineering teams in Finland, India and New York.
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. The firm recently expanded its Wall Street Insights series, which brings together a collection of research and proprietary technology for analyst teams.
New funding has been led by Viking Global Investors and the Growth Equity business within Goldman Sachs Asset Management, with participation from Morgan Stanley, Citi, Bank of America, Barclays, Wells Fargo Strategic Capital, Cowen Inc., and AllianceBernstein, as well as existing investors. This adds to a previously closed a $50m Series B in July 2019.
Jack Kokko (pictured), CEO of AlphaSense, comments: 'We are excited that the world's top investment banks are joining this round along with preeminent pre-IPO growth investors like Viking Global and GS Growth. This kind of strategic investment is unique and further validates our mission'.
Web site: www.alpha-sense.com .
All articles 2006-21 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.