Market Intelligence Startup AlphaSense Bags $100M, Led by Alphabet’s CapitalG

AlphaSense, a market intelligence and B2B research platform company powered by AI and natural language processing, raised a $100 million extension for its $225 million Series D, valuing the company at $1.8 billion.  

Investors including Alphabet’s independent growth fund CapitalG, Goldman Sachs Asset Management and Viking Global Investors contributed to the new funding. 

The company’s platform enables financial professionals to quickly find information about companies. The platform aggregates a trove of data from equity research notes, regulatory filings, newspapers and other sources. 

“With the big leaps we are taking with AI to deliver even more precise data and insights to our customers, I am more excited than ever by our product roadmap and business momentum. This financing and partnership will help accelerate that even further,” said Jack Kokko, CEO and Founder of AlphaSense. 

The startup’s customer base includes 85% of the companies in the S&P 500 Index. According to the company, 75% of the world’s top investment firms are clients as well. AlphaSense has more than 4,000 customers worldwide. 

AlphaSense is not the only AI-powered company to raise hefty capital, as VCs and large strategics including Microsoft, Google and Salesforce all continue to show strong interest in generative AI startup companies. 

In March, San Francisco-based Adept AI raised $350 million in a Series B at a reported post-money valuation of at least $1 billion. Earlier this year, Google also invested between $300 million and $400 million into San Francisco-based Anthropic, a rival of ChatGPT.