AlphaSense, a New York-based market intelligence, and search platform, raised $180 million in Series C financing.
The round was led by Viking Global Investors and the Growth Equity business within Goldman Sachs Asset Management, joined by Morgan Stanley, Citi, Bank of America, Barclays, Wells Fargo Strategic Capital, Cowen Inc., and AllianceBernstein, as well as existing investors.
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 acquisitions.
Company: AlphaSense, Inc.
Raised: $180.0M
Round: Series C
Funding Month: September 2021
Lead Investors: Viking Global Investors
Additional Investors: Goldman Sachs Asset Management, Morgan Stanley, Citi, Bank of America, Barclays, Wells Fargo Strategic Capital, Cowen Inc., and AllianceBernstein
Company Website: https://www.alpha-sense.com/
Software Category: Market intelligence and search platform >AI
About the Company: Led by Jack Kokko, CEO, AlphaSense is a market intelligence platform that uses artificial intelligence allowing professionals to make critical decisions used by companies and financial institutions to help professionals make smart business decisions by delivering insights from an extensive universe of public and private content—including company filings, event transcripts, news, trade journals, and equity research. The platform is used by over 1,800 enterprise customers, including a majority of the S&P 500. The customer base now includes the majority of S&P 500 companies, over 75% of the S&P 100, 70% of the top asset management firms, 76% of the top consultancies, all of the largest 20 pharmaceutical companies, and companies in wide-ranging industries such as energy, industrials, consumer goods, and technology. The company employs over 450 people across offices in the U.S., U.K., Finland, and India.
Source: https://www.finsmes.com/2021/09/alphasense-raises-180m-in-series-c-funding.html