Announcing a $150M Series E at $2.5B Valuation Led by BOND

For the last decade, we’ve remained steadfast in our mission: helping businesses make better decisions with confidence and speed. We’ve continuously built and refined our core AI tech stack, creating the most powerful search engine for the most sophisticated companies in the world. We’ve aggregated the largest and most trustworthy collection of business content, including our Wall Street Insights® collection and our vast library of powerful expert interviews. We’ve taken leaps in AI and LLM technology, enabling lots of invaluable new use cases in our platform, including our latest generative AI capabilities, Smart Summaries.

While this progress is exciting, we are only at the beginning of realizing the full breadth of our mission and what’s possible with AI. That’s why I’m proud to announce our $150 million Series E financing round at a $2.5 billion valuation, led by BOND, and joined by existing investors including Alphabet’s CapitalG, Viking Global Investors, and Goldman Sachs. I shared more thoughts on the round this morning on CNBC’s Squawk Box; our news was also covered in Reuters and TechCrunch.

When BOND first approached us, I was beyond thrilled. I’ve always admired Mary Meeker’s vision on tech trends and her ability to spot emerging winners early on, from the likes of Google and Amazon, to BOND’s strong portfolio of more recent success stories. The opportunity to partner with Mary, her partner Jay Simons (who took Atlassian public as their President), and the BOND team, was not something to pass up. What we heard they liked, in particular, was our AI-first approach from day one, building ML into every layer of our search engine and tech stack—and how generative AI has now become a major accelerant on top. We couldn’t agree more.

Mary and BOND were particularly excited about how we first built a platform to give an information edge to the world’s top hedge funds, and had successfully broadened adoption across the corporate world, delivering powerful market intelligence to knowledge professionals across all sectors of the economy. 

BOND saw quickly how we were unlocking immense value for our 4,000 enterprise customers; they also saw that we’re only scratching the surface of what’s possible in AI for market intelligence. We are excited to partner with them for the next stage of AlphaSense’s journey.

Building the Future of Market Intelligence

Our mission is guided by the fact that market intelligence—a key input into any firm’s competitive advantage—is still a greatly underutilized resource. I firmly believe that every company’s enterprise value is the cumulative sum of the decisions they make. Success comes from carefully researching and optimizing every significant decision–and avoiding the bad ones. 

In an increasingly competitive market across industries, with heightened economic uncertainty and disruption, an organization’s market intelligence is more valuable than ever. It helps in defending their competitive moat and enabling their ultimate survival and success. A strong market intelligence capability drives the quality of decision making and ultimately separates winners from losers–it is more important now than ever before. 

That’s why we believe in empowering every employee at an organization to make better decisions faster and with more confidence. As we continue to lead the generative AI revolution in our market, we will use the new capital to expand our enterprise solution, providing every organization with a comprehensive, unique, and ever-evolving view of their business and market. Our solution will deploy our market-leading AI search capabilities, purpose-built market intelligence and financial LLMs, and genAI capabilities like summarization and chat—on top of external content alongside an organization’s proprietary internal knowledge.  

We are building the future of market intelligence, and we are proud to continue revolutionizing search for enterprise customers. We are excited to share more soon.

The AlphaSense Story: Our Latest Milestones

Every time we reach a milestone, I have a rare moment to reflect on all we’ve accomplished. This year, I continue to be proud of all we’ve achieved as a team, breaking record after record:

• In April, we announced a $100 million addition to our $225 million Series D financing round by Alphabet’s CapitalG, and existing investors, including Goldman Sachs and Viking Global Investors. 
• We launched our first generative AI toolset, Smart Summaries, with early feedback that it is already transforming research workflows. 
• We expanded our global footprint to Singapore, a critical economic hub that will enable us to better serve new and existing customers in the Asia Pacific region. 
• We won numerous industry awards, including being:
  • Named a Market and Competitive Intelligence leader by Forrester
  • Named a top 50 AI company by Forbes
  • Awarded Best Workplace in 2023 by Inc 

This momentum, in context of the multitude of macroeconomic uncertainty around all of us, is something that gives me immense pride and serves as a reminder of what the incredible global team we have at AlphaSense is building every day. There is a critical and growing need for a product like ours to guide the thousands of big decisions businesses are making every day, and I am proud that our team continues to innovate and push boundaries to deliver on our mission.

In closing, I am grateful to our customers for continuing to believe in and see the value of AlphaSense. We are excited to continue investing in generative AI for the benefit of all our clients, expanding our content sets, and growing our global footprint to reach our customers where they are—all in an effort to deliver a best-in-class experience that supports you and your organization.

Thank you also to our partners and investors who continue to believe so deeply in our mission.

We have a lot more exciting news coming–I can’t wait to share more soon.

If you’re excited about our future and mission, I would love for you to join us. See our open roles on our careers page.