AlphaSense, a platform for market intelligence, raised $150 million in a new round of funding, increasing its valuation to $2.5 billion and demonstrating the high demand for AI startups.
The series E funding round was led by Mary Meeker’s BOND Capital, and joined by existing investors including Alphabet’s CapitalG, Viking Global Investors, and Goldman Sachs.
“While this progress is exciting, we are only at the beginning of realizing the full breadth of our mission and what’s possible with AI,” Jack Kokko CEO and founder of AlphaSense said in a press release.
Our mission is guided by the fact that market intelligence—a key input into any firm’s competitive advantage—is still a greatly underutilized resource. I firmly believe that every company’s enterprise value is the cumulative sum of the decisions they make. Success comes from carefully researching and optimizing every significant decision–and avoiding the bad ones, he added.
According to the company, the funds raised will also be used to expand its sizable library of searchable business material as well as make significant investments that will increase the platform’s functionality.
They announced in April that existing investors Goldman Sachs and Viking Global Investors, as well as CapitalG, an affiliate of Alphabet, had contributed an additional $100 million to their $225 million Series D financing round.
AlphaSense is a market intelligence and search platform used by the world’s leading companies and financial institutions. Since 2011, our AI-based technology has helped professionals make smarter business decisions by delivering insights from an extensive universe of public and private content—including equity research, company filings, event transcripts, expert calls, news, trade journals, and clients’ own research content.