AlphaSense Hits $2.5B Valuation for AI-Driven Market Intel Platform

AlphaSense, a market intelligence and search platform, has secured $150 million in a Series E round, bringing its total valuation to $2.5 billion and highlighting the strong demand for artificial intelligence (AI) businesses.

The round was led by technology investment firm BOND and joined by big-named existing investors Alphabet’s CapitalG, Viking Global Investors and Goldman Sachs.

BAM Elevate, Balyasny Asset Management’s private investment team, has been an AlphaSense client since 2015 and is a new investor in this round.

The $150 million raise comes after a $100 million Series D investment in April led by CapitalG.

AlphaSense, based in New York City, assists its clients in extracting important information from a wealth of public and private content such as equities research, earnings calls, corporate filings, and news.

According to the company, which was launched in 2011, it has more than 4,000 enterprise customers, including “the majority of the S&P 500, the world’s largest banks, investment firms, and consultancies, and leading companies spanning every sector of the economy.” Google and Microsoft, as well as J.P. Morgan and BAM Elevate, are among the companies on the list.

“From our perspective, AlphaSense’s AI and search technology has been incredibly powerful at surfacing the right information to help enhance our investment process at BAM – which is also why we invested in this latest round,” said Norman Chen, Partner at BAM Elevate.