A market intelligence company announced Wednesday it has secured $350 million in fresh funding, pushing its worth to $7.5 billion — nearly twice what it was valued at during its last investment round.
AlphaSense’s latest funding round was spearheaded by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management. New backers in this round include D. E. Shaw Ventures and Pinegrove Opportunity Partners.
Established in 2011, the company operates an artificial intelligence-driven platform that assists businesses and financial professionals in examining companies, markets, and industries. The system draws from various sources including research reports, regulatory documents, earnings call transcripts, and news content.
This investment underscores the robust appetite among investors for AI-focused companies, as organizations continue embracing artificial intelligence technologies to boost efficiency, streamline operations, and process vast amounts of information.
The firm’s worth has climbed significantly from the $4 billion valuation it achieved in its 2024 funding round.
The New York-headquartered company exceeded $600 million in annual recurring revenue during the first quarter and has accumulated over $1 billion in total funding since inception.
According to the company, this latest capital injection will fuel its overseas growth plans and help expand its worldwide customer service capabilities.
Major clients using AlphaSense’s services include Adobe, Amazon.com, Microsoft, Nvidia, Pfizer and JPMorgan Chase.
