Pune- and New York-headquartered Alphasense Technology, a market intelligence and search platform, on Wednesday announced that it has raised an additional $100 million in its Series D funding round led by CapitalG, Alphabet’s independent growth fund.
The financing also saw participation from the growth equity business within Goldman Sachs Asset Management (Goldman Sachs) and Viking Global Investors, Alphasense said in a statement.
The company kicked off its Series D round with $225 million in funding last year. With the latest infusion, the company’s valuation has jumped to $1.8 billion, the statement added.
This investment will fuel the continued deployment of AlphaSense’s advanced AI capabilities, including generative AI.
“This investment will enable us to continue our mission of pushing the boundaries of technology and accelerating our research and development efforts in India, a valuable innovation hub. With the support of CapitalG and our existing investors, we are committed to further enhancing our product offerings and driving value for our global customers,” said Raj Neervannan, Alphasense’s CTO and co-founder.
AlphaSense’s platform and search technology leverages proprietary AI and language models and helps professionals extract relevant insights from public and private content, including equity research, earnings calls, company filings, news, trade journals, and expert interviews.
The company claims that its subscriber base has more than doubled in the past year. It currently boasts 4,000 enterprise customers, which include some of the world’s largest banks, investment firms, and consultancies and leading companies in wide-ranging industries such as life sciences, energy, industrials, consumer goods, and technology.
AlphaSense employs over 1,000 people across offices in the US, UK, Finland, Germany, and India.