Market intelligence platform AlphaSense raised USD 150 million in a Series E round of funding that boosted its valuation to USD 2.5 billion, according to a leading news wire.
The round was led by BOND and joined by existing investors including Alphabet’s CapitalG, Viking Global Investors, and Goldman Sachs.
The USD 150 million raise comes just months after a USD 100 million Series D investment led by Alphabet’s CapitalG.
The new capital will be used to expand AlphaSense’s enterprise solution, deploying its market-leading AI search capabilities, purpose-built market intelligence and financial LLMs, and GenAI capabilities—all within customers’ private clouds.
BAM Elevate, the dedicated private investment team at Balyasny Asset Management, L.P. (BAM), has been a client of AlphaSense since 2015 and is a new investor in this round.
The fresh funds will also be utilised to grow its extensive collection of searchable business content and make strategic acquisitions that expand its platform capabilities and increase the value it delivers to customers.
Categories: Other News