Funds for Intelligence Firm AlphaSense

NYC-based business and financial market intelligence provider AlphaSense has secured a $350 financing round, valuing the business at $7.5 billion. Investors include Accenture Ventures, which will also partner with the company on embedding its data solutions into clients' agentic workflows.

The company was founded by CEO Jack Kokko (pictured), and uses AI and other technology including natural language processing to extract insights from public and private content, including thousands of business sources, and more than 500 million 'premium' business documents, including equity research, earnings calls, expert interviews, filings, news, and internal proprietary content. Its proprietary AI solutions include Generative Search, Generative Grid and Deep Research. Clients include 90% of the S&P 100, 'all' of the world's top global investment banks, and 46 of the world's 50 largest pharmaceutical companies.

In addition to Accenture Ventures, the round was led by Vitruvian Partners and J.P. Morgan Asset Management, with additional new investors including D. E. Shaw Ventures and Pinegrove Opportunity Partners, along with existing investors including CapitalG, Goldman Sachs Alternatives, and Viking Global Investors. The company has raised huge rounds several times before - Series B, C and D - and a $150m Series E in October 2023, since when its valuation has tripled.

Financial terms of the Accenture investment were not disclosed. 'By combining AlphaSense's continuously learning intelligence platform with Accenture's ability to scale and operationalize AI across the enterprise,' says Kokko, 'we are enabling a new class of agentic workflows that turn intelligence into action and deliver durable competitive advantage.'

Web sites: www.accenture.com and 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.