$150m Funding for Market Intell Platform AlphaSense

New York-based market intelligence platform AlphaSense has raised $150m in a Series E round of funding, which it will use to expand its enterprise solution, and deploy its AI search capabilities, purpose-built market intelligence and financial LLMs, and GenAI capabilities.

The firm is based in New York and uses technology including natural language processing to extract insights from public and private content. This includes 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 latest funding, which values the company at $2.5bn, has been led by BOND, with participation from existing investors including Alphabet's CapitalG, Viking Global Investors and Goldman Sachs. The new raise comes just months after a $100m add-on to AlphaSense's 2022 $225m Series D financing round.

Jack Kokko (pictured), the firm's CEO and founder, comments: 'I couldn't be more excited about BOND's investment in AlphaSense. 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'.

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.