Home » Business » AlphaSense Closes $150 Million Series E Funding Round, Valuation Soars to $2.5 Billion

AlphaSense Closes $150 Million Series E Funding Round, Valuation Soars to $2.5 Billion

Market intelligence platform AlphaSense has closed a $150 million Series E funding round, increasing the company’s valuation from $1.7 billion to $2.5 billion.

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The BOND-led round was backed by existing investors including Alphabet CapitalG, Viking Global Investors and Goldman Sachs.

The team will use the fresh funding to expand the AlphaSense enterprise solution and other products. According to platform founder Jack Cocco, the latest round will help the company remain at the forefront of the B2B generative AI sector.

AlphaSense is a market intelligence platform for professionals that uses artificial intelligence to collect publicly available information. Headquartered in New York, at the time of writing the company employs more than 1,000 people in the US, UK, Finland, Germany, India and Singapore.

Earlier it became known that OpenAI is negotiating with investors about a possible sale of shares and increasing the valuation to $80-90 billion. This will make it one of the most valuable private companies in the world.

Recall that in September, Amazon announced a strategic investment of up to $4 billion in the startup Anthropic.

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2023-09-29 16:50:31
#platform #AlphaSense #raised #million #valuation #billion #ForkLog

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