Market intelligence platform AlphaSense announced Wednesday it raised $350 million, bringing its valuation to $7.5 billion-nearly double its previous round.
The funding was led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management, joined by new backers D. E. Shaw Ventures and Pinegrove Opportunity Partners.
Founded in 2011, AlphaSense uses artificial intelligence to help financial professionals analyze companies and markets by sifting through research reports, regulatory filings, and earnings call transcripts.
The New York-based firm surpassed $600 million in annual recurring revenue in Q1 and has raised over $1 billion to date. Its clients include Adobe, Amazon, Microsoft, and Pfizer.
AlphaSense said the new capital will support international expansion and global customer infrastructure.