AlphaSense Raises $225 Million at $1.7 Billion Valuation

AlphaSense is a market intelligence and search platform in which AI-based technology assist professionals in the business decision-making process by delivering insights from a universe of private and public content. The specifically designed AI is used for understanding and sorting business information, providing information in a way that expedites investment and market research.

The funding round Series D was led by Growth Equity of Goldman Sachs Asset Management and Viking Global Investors. With this round, AlphaSense entered the unicorn club. The money raised will be used to invest in further product development, customer support, and content expansion, as well as for strategic transactions and an organic growth drive.

AlphaSense, New York, the USA, was founded by Raj Neervannan and Jack Kokko in 2011. As of now, the company employs over 1000 people across the world – Finland, the USA, Germany, the UK, and India. “We expect our employee count to continue to grow substantially in the coming months. I am proud and delighted by the growth India is seeing and hope to strengthen it,” Raj Neervannan, CTO and co-founder of AlphaSense. The previous round was held in September 2021, and since that time, the company’s valuation has doubled. In the last year, the company’s user and customer base have increased twice. The company seeks to grow, including AlphaSense’s innovation hubs in Mumbai, Delhi, and Pune.

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