Market intelligence platform AlphaSense raises $ 180 million
October 1, 2021
The AlphaSense market intelligence platform raised $ 180 million in a Series C financing round. The money will be invested in product development and content enhancement, 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 10,000+ business sources and documents such as SEC filings, broker research, transcripts from phone calls, private company data, newspapers, trade magazines, and in-house firms Data. The company recently expanded its Wall Street Insights range, which brings together a collection of research and proprietary technologies for teams of analysts.
The refinancing was led by Viking Global Investors and the growth equity business within Goldman Sachs Asset Management, including Morgan Stanley, Citi, Bank of America, Barclays, Wells Fargo Strategic Capital, Cowen Inc. and AllianceBernstein and existing investors. This complements a $ 50 million Series B previously closed in July 2019.
Jack Kokko (pictured), CEO of AlphaSense, comments: ‘We are delighted that the world’s leading investment banks, along with outstanding pre-IPO growth investors such as Viking Global and GS Growth, are participating in this round. This type of strategic investment is unique and further validates our mission. ‘