AlphaSense, a B2B artificial intelligence (AI) platform specializing in business intelligence and search, has announced the successful completion of a $150 million Series E funding round led by BOND and joined by CapitalG, the investment arm of Google parent company Alphabet, Goldman Sachs, and Viking Global.
The latest round increased the company’s valuation from $1.7 billion in June 2023, when it raised $225 million during its Series D, to $2.5 billion.
AlphaSense’s strong market position and sustained expansion are a result of the recent AI industry boom.
AlphaSense’s models incorporate strategic data points from both public and private analytics with a machine learning pipeline, whereas consumer-facing generative AI models such as OpenAI’s ChatGPT and Anthropic’s Bard are designed for general-purpose audiences.
This enables AlphaSense’s “insights-as-a-service” platform to provide actionable intelligence and comprehensive insights into business and finance analytics.
In the world of cryptocurrencies and blockchains, platforms like AlphaSense have the potential to surpass the often dubious insights provided by general-purpose AI models like ChatGPT.
Whereas the latter is prone to hallucinations, AlphaSense’s models parse specific datasets pertinent to business intelligence and, in essence, curate insights into easily digestible articles that include text and images.
“The additional capital allows us to invest strategically, so we can continue to lead the generative AI revolution in our market, and deliver on our mission of helping businesses find the right data and insights to support more confident and agile decision-making. We are building the future of market intelligence, and we are proud to continue revolutionizing search for enterprise customers.”
AlphaSense CEO and founder Jack Kokko stated in a press release that the latest investment round would enable the company to remain at the forefront of the B2B generative AI industry.
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