USA – AlphaSense, a New York-based market intelligence and search platform, raised $225m in Series D financing.
The round, which valued the company at $1.7 billion, was led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs) and Viking Global Investors. This new funding round includes a substantial debt investment from funds and/or accounts managed by BlackRock earlier this year. Led by Jack Kokko, CEO, AlphaSense provides an AI-based market intelligence platform used by leading companies and financial institutions. Since 2011, the technology solution has helped professionals make business decisions by delivering insights from an extensive universe of public and private content—including company filings, event transcripts, expert call transcripts, news, trade journals, and equity research. The platform is used by over 3,500 enterprise customers, including top asset management firms and banks, and leading companies in wide-ranging industries such as energy, industrials, consumer goods, and technology, a majority of the S&P 500. AlphaSense employs over 1,000 people across offices in the U.S., U.K., Finland, Germany, and India.The company intends to use the funds to further invest in product development, content expansion and customer support, and to drive organic growth as well as strategic transactions. Recent acquisitions include the purchase in October 2021 of Stream by Mosaic, provider of a library of expert interview transcripts, as well as the purchase of Sentieo, a financial intelligence platform designed for investors, which closed last month.15/06/2022
