Market intelligence platform AlphaSense has raised $350 million, boosting its valuation to $7.5 billion - nearly double its worth from two years ago. The round was led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management, with new investors including D. E. Shaw Ventures and Pinegrove Opportunity Partners.
The funding underscores strong investor appetite for AI-driven companies, as businesses increasingly adopt automation and data analysis tools.
Founded in 2011, AlphaSense provides an AI-powered platform that helps financial professionals analyze research reports, regulatory filings, earnings calls, and news.
CEO Jack Kokko said the company sees the public markets as a natural next step, though he declined to comment on IPO timing.
The New York-based firm surpassed $600 million in annual recurring revenue in Q1 and has raised over $1 billion to date. It plans to use the new capital to expand its AI platform, grow its content library of more than 500 million business documents, and support international growth.
AlphaSense’s clients include Adobe, Amazon, Microsoft, Nvidia, Pfizer, and JPMorgan Chase.