Market Data Firm AlphaSense Valued at $4 Billion
AlphaSense has raised $650 million in a funding round co-led by Viking Global Investors and BDT & MSD Partners.
Funding was secured as part of the deal to buy data provider Tegus
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The market research startup @AlphaSenseInc was valued at $4 billion in a recent fundraising round that will help it pay for a $930 million takeover of the data provider Tegus.#data #startup #ai #cloud https://t.co/HpdCS2htW7
— The_Journalbiz (@the_journalbiz) June 11, 2024
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AlphaSense was valued at $4 billion as part of a recent fundraising round that will help it pay for a $930 million takeover of the data provider Tegus.
New investors including J.P. Morgan Growth Equity Partners and SoftBank Vision Fund 2, as well as existing investors Alphabet Inc.’s CapitalG and Goldman Sachs Alternatives, participated, the New York-based company said in a statement Tuesday.
In buying Tegus, AlphaSense will be inheriting a library of market research covering more than 35,000 public and private companies across several sectors including technology, media, telecom, consumer goods, energy, and life sciences. Tegus also provides private company content, financial data and workflow tools.
Started in 2011, AlphaSense uses artificial intelligence to gather and share company documents, equity reports, news, and other data for its market-research platform, the company has said on its website.
