AlphaSense is the leading market intelligence platform, in which AI-based technology assists 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. In June 2022, AlphaSense joined the unicorn club.
On Wednesday, AlphaSense announced that it has raised an additional $100 million in its Series D funding round led by CapitalG. The funding round also saw participation from the growth equity business within Goldman Sachs Asset Management and Viking Global Investors. The fresh funding has brought AlphaSense’s valuation to $1.8 billion. This investment will be used for the continued deployment of AlphaSense’s advanced AI capabilities, including generative AI.
AlphaSense, New York, United States, was founded in 2011 by Raj Neervannan and Jack Kokko. Currently, AlphaSense employs over 1,000 people across offices in the U.S., U.K., Finland, Germany, and India. “This investment will enable us to continue our mission of pushing the boundaries of technology and accelerating our research and development efforts in India, a valuable innovation hub. With the support of CapitalG and our existing investors, we are committed to further enhancing our product offerings and driving value for our global customers,” noted Raj Neervannan, Alphasense’s CTO and co-founder.