AlphaSense bags $100 million in latest funding round, valued at $1.8 billion
By MYBRANDBOOK
The market intelligence platform, AlphaSense has received $100 million in a fresh round of funding backed by Alphabet's venture capital arm CapitalG. This makes the company valued at $1.8 billion.
Heightened volatility in the stock markets due to the U.S. Federal Reserve's monetary tightening have prompted companies to tap private investors as the appetite for public listings remains subdued.
In the latest funding round the existing investors - Goldman Sachs Asset Management and Viking Global Investors also participated.
The company said that the funds will be used in development of advanced artificial intelligence capabilities.
Last year, the company was valued at $1.7 billion after raising $225 million.
AlphaSense helps its customers extract relevant information from a trove of public and private content such as equity research, earnings calls, company filings and news.
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