AlphaSense market intelligence platform raises $ 180 million
October 1, 2021
Market intelligence platform AlphaSense has raised $ 180 million in a Series C funding round. The money will be invested in product development and content expansion, in growing the teams of customer service in North America and Europe, and in engineering teams in Finland, India and New York.
AlphaSense’s technology uses artificial intelligence and natural language processing to extract information from public and private content, including over 10,000 trade sources and documents such as SEC records, broker searches, transcripts of earnings calls, private company data, newspapers, trade journals and internal company data. The company recently expanded its Wall Street Insights series, which brings together a collection of exclusive research and technology for analyst teams.
The new funding was led by Viking Global Investors and the Growth Equity business within Goldman Sachs Asset Management, with participation from Morgan Stanley, Citi, Bank of America, Barclays, Wells Fargo Strategic Capital, Cowen Inc. and AllianceBernstein, as well as investors. This is in addition to a $ 50 million Series B previously closed in July 2019.
Jack Kokko (photo), CEO of AlphaSense, comments: “We are delighted that the world’s best investment banks are joining this cycle with leading pre-IPO growth investors like Viking Global and GS Growth. This type of strategic investment is unique and further validates our mission ”.
Website: www.alpha-sense.com.
