New York-based AlphaSense, the market intelligence and search platform, has announced its $180 million Series C financing round led by Viking Global Investors and the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), joined by Morgan Stanley, Citi, Bank of America, Barclays, Wells Fargo Strategic Capital, Cowen Inc., and AllianceBernstein, as well as existing investors.
The capital infusion will be used to further invest in product development, content expansion, and customer support, and to drive organic growth as well as acquisitions. The company previously closed a $50 million Series B in July 2019, which included investors such as Innovation Endeavors, Jim Simons’ Euclidean Capital, Soros Fund Management and Tribeca Venture Partners.
Raj Neervannan, Co-founder and Chief Technology Officer of AlphaSense, commented, “AlphaSense has emerged as the market intelligence platform and business search engine of choice for global brands such as 3M, SAP, and Siemens. With investment from the world’s leading financial institutions, we are aggressively working towards expanding our India operations. In the next two years, we intend to scale the research and development of our platform, and a huge contributor to this will be the doubling of our innovation hub in Pune and Mumbai.”
“AlphaSense provides relevant market intelligence to many of the world’s leading companies, helping them to make impactful decisions more effectively,” said Holger Staude, a Managing Director within the Growth Equity business at Goldman Sachs. “Just like search engines have become large businesses on the consumer side, we believe AlphaSense has an opportunity to help the business world extract key insights from the vast volumes of unstructured business information.”
