AlphaSense Completes $150 Million Series E Funding to Accelerate Development of AI Search Technology

AlphaSense, an AI-driven market intelligence and search platform, announced today that it has completed a $150 million Series E funding round, bringing the company's valuation to $2.5 billion.

This round of funding was led by global technology investment firm BOND, with participation from existing investors including CapitalG, a subsidiary of Alphabet, Viking Global Investors, and Goldman Sachs.

BAM Elevate, the private investment team of Balyasny Asset Management, has been a client of AlphaSense since 2015 and also participated in this funding round as a new investor.

Norman Chen, Partner at BAM Elevate, said, "Today, we have over 150 investment professionals utilizing the AlphaSense platform to gain insights and data points more quickly and reliably. From our perspective, AlphaSense's AI and search technology is incredibly powerful in processing accurate information, which enhances our investment process at BAM. This is why we decided to participate in this funding round."

Following the completion of a $100 million Series D extension funding in April, the funds from this new financing will be used to deploy AlphaSense's AI search capabilities, customized market intelligence and financial models, and GenAI technology.

In addition, the company will use the funds to expand its extensive searchable business content library and pursue strategic acquisitions to enhance the platform's functionality.

Jack Kokko, Founder and CEO of AlphaSense, stated, "The additional funding enables us to make strategic investments to continue leading the generative AI revolution in our market space and fulfill our mission of helping businesses find the right data and insights to support confident and agile decision-making."

AlphaSense claims that its AI and search capabilities are used by over 4,000 corporate clients, including a majority of the companies in the S&P 500 index, the world's largest financial institutions, investment firms, consulting firms, and businesses across various industries.

The company states that it leverages the latest AI and natural language processing technologies to continuously train its language models and simplify the research process for business and financial professionals.

It is also building a vast index and searchable business content library, enabling users to track insights on profitability, analyst research, company filings, expert calls, and more.

AlphaSense has received numerous industry accolades since joining the Series D round in April, including being named a market and competitive intelligence leader by Forrester and one of Forbes' top 50 AI companies.