Key facts
- AlphaSense raised $350 million in a new funding round.
- The company's valuation reached $7.5 billion.
- The valuation nearly doubled from its previous funding round.
- The round was led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management.
- AlphaSense surpassed $600 million in annual recurring revenue in Q1.
- The investment will support international expansion and scaling of global customer support infrastructure.
Market intelligence platform AlphaSense announced it has raised $350 million at a valuation of $7.5 billion, nearly doubling its previous valuation from two years ago. The funding round was led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management, with participation from new investors including D. E. Shaw Ventures and Pinegrove Opportunity Partners. Founded in 2011, AlphaSense utilizes AI to help businesses and financial professionals analyze companies, markets, and industries by processing diverse sources like research reports, regulatory filings, earnings call transcripts, and news. The company surpassed $600 million in annual recurring revenue in the first quarter and has raised over $1 billion to date. This investment underscores strong investor interest in AI-related companies as businesses increasingly adopt AI for productivity gains and data analysis. The new capital will support AlphaSense's international expansion, scaling of its global customer support infrastructure, and growth of its proprietary content library. Notable customers include Adobe, Amazon.com, Microsoft, Nvidia, Pfizer, and JPMorgan Chase.