According to AlphaSense, the series E financing round was headed by technology investment firm BOND and was supported by previous investors such as Alphabet’s CapitalG, Viking Global Investors, and Goldman Sachs.
AlphaSense, a market intelligence platform, has raised $150 million in a new round of funding, increasing its valuation to $2.5 billion, highlighting the robust demand for artificial intelligence (AI) businesses.
According to AlphaSense, the series E financing round was headed by technology investment firm BOND and was supported by previous investors such as Alphabet’s CapitalG, Viking Global Investors, and Goldman Sachs.
Amazon and Microsoft have poured billions of dollars into forming alliances with AI startups that are transforming their businesses.
When asked if AlphaSense is planning an initial public offering, CEO Jack Kokko said that the company has “plenty of capital more than we could hope for” right now.
Investing in fresh projects, particularly generative AI, is also a priority as the company looks to broaden its product offering, according to Kokko.
AlphaSense assists its customers in extracting important information from a wealth of public and private content, including stock research, earnings calls, corporate filings, and news.
“Artificial intelligence tools that help you discover insights from data are scaling rapidly,” stated Mary Meeker, General Partner at BOND.
According to the company, the funds will also be used for expanding the firm’s enormous collection of searchable business content and to pursue competent acquisitions that will increase its platform capabilities. BOND’s investment underscores AlphaSense’s excellent sales growth, according to the market intelligence firm’s statement.
AlphaSense gathered $100 million in a funding round led by Alphabet’s venture capital arm, CapitalG, in April, valuing the company at $1.8 billion.
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