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AI Firm AlphaSense Raises $150M in Series E Funding Round at Valuation of $2.5B

Sep 29, 2023 - coinspeaker.com
AlphaSense, an AI firm used by most S&P 500 companies, has closed a Series E funding round, securing $150 million and bringing its total valuation to approximately $2.5 billion. The funding round was led by Bond, with significant participation from Alphabet Inc backed CapitalG, Viking Global Investors, and Goldman Sachs Group Inc. The company plans to use the funding to enhance its generative AI for enterprise customers, helping them to extract key insights from internal and external content via a secure AI-powered database.

The company's AI products are currently used by around 4,000 enterprise customers, with more expected following the acquisition of additional searchable data. AlphaSense's ability to generate revenue and its growth prospects have attracted more investors recently. The recent funding will help the company remain competitive with other AI-powered search platforms like FactSet and Bloomberg, according to the company's CEO and founder, Jack Kokko.

Key takeaways:

  • AlphaSense, an AI company, has announced the closure of a Series E funding round with $150 million secured, bringing its total valuation to about $2.5 billion.
  • The funding round was led by Bond, a global technology investment firm, with participation from Alphabet Inc backed CapitalG, Viking Global Investors, and Goldman Sachs Group Inc.
  • AlphaSense plans to use the funding to improve its generative AI for enterprise customers, helping them to monitor and extract essential insights from internal and external content through a secure AI-powered database.
  • Currently, AlphaSense’s AI products are used by about 4,000 enterprise customers, with more expected to join after the company acquired more valuable searchable data.
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