In a significant development, AlphaSense, an AI-focused platform for market insights and search, has announced a new funding milestone, with $150 million raised in a Series E round that elevates its valuation to $2.5 billion.

AlphaSense In this latest funding round, which reached a valuation of $2.5 billion, the lead investor was the global tech investment firm BOND, with participation from existing backers like Alphabet's CapitalG, Viking Global Investors, and Goldman Sachs.

BAM Elevate, the private investment branch of Balyasny Asset Management, has been relying on AlphaSense since 2015 and has also stepped in as an investor in this latest funding effort.

At BAM Elevate, over 150 investment professionals utilize the AlphaSense platform to gain valuable insights and data more quickly and reliably. Norman Chen, a partner at BAM, noted the tremendous role AlphaSense plays in enhancing their investment processes, which is also why they decided to invest in this latest funding round.

This latest funding follows AlphaSense's previous announcement in April regarding a $100 million Series D extension. The fresh capital will support the expansion of AI search tools, specialized market intelligence features, financial language models, and generative AI functionalities.

The funding will also aid in scaling their comprehensive library of searchable business information and pursuing strategic acquisitions that can expand the capabilities of their platform.

Jack Kokko, CEO and Founder of AlphaSense, expressed that this new investment will enable them to make strategic choices, solidifying their position as leaders in the generative AI sector while fulfilling their mission to assist businesses in accessing precise data and insights for swift and informed decision-making.

AlphaSense boasts a clientele of over 4,000 enterprise customers, which includes a significant portion of the S&P 500, top global financial institutions, investment firms, consulting companies, and organizations across diverse sectors.

According to the company, they leverage cutting-edge AI and natural language processing technologies to gather data for continuous model training, thereby streamlining the research process for professionals in both the business and finance arenas.

They have also been developing an extensive repository of indexed and searchable business materials, enabling users to efficiently track insights related to earnings, broker analysis, corporate documents, expert calls, and much more.

Since its Series D expansion in April, AlphaSense has received multiple industry accolades, including recognition as a leader in Market and Competitive Intelligence.

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