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AlphaSense Hits $2.5B Valuation In Busy Day For AI Funding

Sep 28, 2023 - news.crunchbase.com
AI-powered market intelligence platform AlphaSense has secured $150 million in a Series E funding round led by Bond Capital, raising its valuation to $2.5 billion. The funds will be used to expand its collection of searchable business content and for strategic acquisitions. The round also saw participation from existing investors including CapitalG, Goldman Sachs Asset Management, and Viking Global Investors.

In other AI news, China-based AI chip startup Enflame raised nearly $274 million from investors including funds linked to a government authority in Shanghai. OpenAI is reportedly in advanced talks with former Apple designer Jony Ive and Masayoshi Son of SoftBank to launch a venture to build the “iPhone of artificial intelligence,” potentially involving an investment of more than $1 billion from SoftBank.

Key takeaways:

  • AI-driven market intelligence platform AlphaSense has raised $150 million in a Series E funding round led by Bond Capital, bringing its valuation to $2.5 billion.
  • The company plans to use the funds to expand its collection of searchable business content and make strategic acquisitions.
  • China-based AI chip startup Enflame raised nearly $274 million from investors, including funds linked to a government authority in Shanghai.
  • OpenAI is reportedly in advanced talks with former Apple designer Jony Ive and Masayoshi Son of SoftBank to launch a venture to build the “iPhone of artificial intelligence,” potentially involving an investment of more than $1 billion from SoftBank.
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