On September 28, AlphaSense, an artificial intelligence (AI) platform for business-to-business, successfully concluded its Series E funding round, raising $150 million with Bond as the lead investor. CapitalG, Alphabet (Google’s parent company), Goldman Sachs, and Viking Global also participated in the round.
With this funding, the company is now officially valued at $2.5 billion, up from $1.7 billion after AlphaSense raised $225 million in its Series D round in June 2023.
Unlike general-purpose AI models aimed at consumers, such as OpenAI’s ChatGPT and Anthropic’s Bard, AlphaSense’s AI model combines strategic data points from both public and private analysis with machine learning processes. This enables AlphaSense’s “deep information as a service” platform to provide in-depth insights for business and financial analysis while delivering actionable information.
The development team emphasizes that platforms like AlphaSense have the potential to go beyond the vague insights provided by general AI models like ChatGPT.
Regarding the company’s direction, Jack Kokko, the founder and CEO of AlphaSense, stated that this new funding will help the company maintain its leadership in the field of “B2B generative AI.” He said, “This new funding will enable us to invest strategically so that we can continue to lead the AI revolution and fulfill our mission of helping businesses find the right direction on the ‘marketplace’ path. We are currently building the future of market intelligence, and we are proud to continue revolutionizing search for business customers.”
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