BOND leads AlphaSense’s latest fundraise, cementing AlphaSense’s leadership in AI-driven market intelligence and fueling its investment in GenAI capabilities for enterprise customers
AlphaSense, the leading market intelligence and search platform, today announced its $150 million Series E financing round, led by BOND, and joined by existing investors including Alphabet’s CapitalG, Viking Global Investors, and Goldman Sachs. The financing brings AlphaSense’s valuation to $2.5 billion.
“At BOND, we look for iconic technology companies that are shaping the future,” said Jay Simons, General Partner at BOND. “With the ability to deliver the right insights and data to help businesses confidently make the everyday, strategic decisions that ultimately define their future, AlphaSense immediately struck us as a category creator emerging into one of those iconic companies that significantly advances how the business world works.”
The $150 million raise comes just months after a $100 million Series D investment led by Alphabet’s CapitalG. The new capital will be used to expand AlphaSense’s enterprise solution, deploying its market-leading AI search capabilities, purpose-built market intelligence and financial LLMs, and GenAI capabilities—all within customers’ private clouds. This expanded product offering empowers professionals to monitor and extract critical insights from internal and external content through secure, accurate, and best-in-class AI-powered search, summarization, and chat capabilities.
BAM Elevate, the dedicated private investment team at Balyasny Asset Management, L.P. (BAM), has been a client of AlphaSense since 2015, and is a new investor in this round. Norman Chen, Partner at BAM Elevate, commented, “Today, we have over 150 investment professionals leveraging the AlphaSense platform to get insights and data points more rapidly and reliably. From our perspective, AlphaSense’s AI and search technology has been incredibly powerful at surfacing the right information to help enhance our investment process at BAM – which is also why we invested in this latest round. We wholeheartedly believe in AlphaSense’s growth and distinctive position in the industry and want to be an even greater part of its journey.”
BOND’s investment reflects AlphaSense’s strong revenue growth and the rapid adoption of its innovative AI and search capabilities by more than 4,000 enterprise customers, including the majority of the S&P 500, the world’s largest banks, investment firms, and consultancies, and leading companies spanning every sector of the economy. For over a decade, AlphaSense has been transforming the research process for business and financial professionals with the latest innovations in AI and NLP technology, amassing data to continuously train its language models, while also building its vast collection of top-tier, trustworthy business content.
“We are thrilled to announce another funding milestone this year, which will help us continue to push the boundaries of technology and accelerate our AI research and development efforts in India, a valuable innovation hub. This investment is a testament to the dedication and hard work of our global teams, and it reaffirms the work we are doing to build a platform trusted by thousands of the world’s leading businesses. We are grateful for the support of Bond and existing investors and I am excited about the opportunities that lie ahead as we further our mission to help businesses make better decisions with confidence and speed,” said Raj Neervannan, CTO and Co-Founder, AlphaSense .
