Balyasny Asset Management's private investment team, BAM Elevate, a client of AlphaSense since 2015, is a new investor in this round. The funding will also be used to grow AlphaSense's collection of searchable business content and make strategic acquisitions to expand its platform capabilities. The company has seen rapid adoption of its innovative AI and search capabilities by over 4,000 enterprise customers, including the majority of the S&P 500, the world’s largest banks, investment firms, consultancies, and companies across all sectors.
Key takeaways:
- AlphaSense, a market intelligence and search platform, has raised $150 million in a Series E financing round led by BOND, bringing the company's valuation to $2.5 billion.
- The new capital will be used to expand AlphaSense’s enterprise solution, including its AI search capabilities, market intelligence, financial LLMs, and GenAI capabilities within customers’ private clouds.
- BAM Elevate, a client of AlphaSense since 2015, is a new investor in this round, with over 150 investment professionals leveraging the AlphaSense platform for insights and data points.
- The fundraise will also be used to grow AlphaSense's collection of searchable business content, make strategic acquisitions, and increase the value it delivers to customers. The company has won several industry awards since its last funding round in April 2023.