AlphaSense, which extracts relevant data from public and private content, plans to invest in new initiatives, particularly generative AI, to expand its product offering. The company had previously raised $100 million in a funding round in April, backed by Alphabet's venture capital arm CapitalG, valuing the firm at $1.8 billion.
Key takeaways:
- AI startup AlphaSense's valuation has risen to $2.5 billion after raising $150 million in a series E funding round led by technology investment firm BOND.
- The funds will be used to expand the company's collection of searchable business content and to make strategic acquisitions to enhance its platform capabilities.
- AlphaSense is considering investing in new initiatives, particularly in generative AI, as it looks to expand its product offering.
- Previously in April, AlphaSense had raised $100 million in a funding round backed by Alphabet's venture capital arm CapitalG, valuing the firm at $1.8 billion.