AlphaSense, a B2B AI platform focusing on business intelligence and search, has successfully closed a $150 million Series E financing round. The funding round was led by Bond and included participation from CapitalG (Alphabet’s investment division), Goldman Sachs, and Viking Global. This latest funding has propelled the company’s valuation from $1.7 billion, established upon raising $225 million in its Series D in June 2023, to a robust $2.5 billion.
The company’s solid market position and ongoing growth are attributed to the recent surge in the AI industry. Unlike consumer-facing generative AI models like OpenAI’s ChatGPT and Anthropic’s Bard, which cater to general-purpose audiences, AlphaSense integrates strategic data from both public and private analytics within a machine learning framework. This integration allows AlphaSense to deliver deep insights into business and finance analytics, offering actionable intelligence through its “insights-as-a-service” platform.
In the realm of crypto and blockchain, platforms like AlphaSense hold the potential to surpass the sometimes uncertain insights offered by general AI models like ChatGPT. While the latter can sometimes produce unreliable outputs, AlphaSense’s models analyze specific datasets pertinent to business intelligence, essentially crafting insights into easily understandable articles, complemented by text and images.
In a press statement, Jack Kokko, the CEO and founder of AlphaSense, expressed that the latest investment would empower the company to maintain its leading position in the B2B generative AI industry. He emphasized the company’s strategic investment, continuous leadership in the generative AI revolution, and its commitment to assisting businesses in accessing the right data and insights for enhanced and agile decision-making. AlphaSense takes pride in its ongoing efforts to revolutionize search for enterprise customers, as it builds the future of market intelligence.
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