Company:AlphaSense
| File:AlphaSense company logo.png | |
| Type | Private |
|---|---|
| Industry | Business software |
| Founded | 2011 |
| Founders | Jack Kokko, Raj Neervannan[1] |
| Headquarters | New York City |
Key people | Jack Kokko, CEO Raj Neervannan, CTO[1] |
| Products | Market analysis and business intelligence search platform[2] |
Number of employees | >1,000[3] |
| Website | alpha-sense.com |
AlphaSense Inc. is a New York City -based software company that develops an artificial intelligence-based search engine to sort and analyze public and private financial data.[1] The company was valued as a tech unicorn in June 2022.[3]
History
AlphaSense was founded in San Francisco, California in 2011 by Jack Kokko and Raj Neervannan.[1]
In March 2016, the company raised its first funding, in a Series A valued at $33 million.[4] The round was led by Quantum Strategic Partners, an arm of Soros Fund Management, and venture capital firm Tribeca Venture Partners.[5]
In February 2017, Fortune magazine recognized AlphaSense as one of 50 best funded companies leading the AI revolution.[6]
In June 2019, the company released a sentiment analysis tool that analyzed documents to determine the tenor of their language.[7]
In July, the company raised $50 million in a Series B, led by Innovation Endeavors, a venture capital firm backed by Google's former CEO Eric Schmidt.[2]
In September 2021, the company raised $180 million in a Series C led by Goldman Sachs.[1] In October, the company acquired Stream by Mosiac, a cloud platform that provides transcripts of business calls for analysts and portfolio managers.[8]
In May 2022, AlphaSense acquired competitor Sentieo.[9] In June, the company announced a $225 million funding round led by Goldman Sachs and Viking Global Investors, reportedly valuing the company at $1.7 billion.[3]
Products
AlphaSense develops a market intelligence search engine using artificial intelligence to sort and analyze public and private financial data.[1] It gives its clients access to a variety of financial data including Wall Street equity research, trade journals, analyst research, conference call transcripts and company documents.[1][8] The company's natural language processing (NLP) technology highlights and labels relevant information.[10]
Companies use the software to monitor competitors and acquisition targets.[5] The software can also be used for large scale number crunching, such as compiling stock buyback data across multiple companies.[11][12] The company's technology also analyzes documents for sentiment, providing a score that traders can use to make investment decisions.[7]
Operations
AlphaSense is headquartered in New York City.[1] As of June 2022, the company reported over 1,000 employees, across offices in the US, UK, Finland, Germany, and India.[3] Co-founder Jack Kokko is the company's CEO, and co-founder Raj Neervannan is the company's CTO.[1] The company's clients include large asset management firms and banks, and companies working within energy, industrials, consumer goods and technology sectors.[2]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 "AlphaSense, An AI Search Engine For Corporations, Raises $180 Million In Series C Round Led By Goldman Sachs, Viking Global". September 30, 2021. https://www.forbes.com/sites/isabelcontreras/2021/09/30/alphasense-an-ai-search-engine-for-corporations-raises-180-million-in-series-c-round-led-by-goldman-sachs-viking-global/. Retrieved July 16, 2022.
- ↑ 2.0 2.1 2.2 "AlphaSense, a search engine for analysis and business intel, raises $50M led by Innovation Endeavors". July 17, 2019. https://techcrunch.com/2019/07/17/alphasense-a-search-engine-for-analysis-and-business-intel-raises-50m-led-by-innovation-endeavors/. Retrieved July 16, 2022.
- ↑ 3.0 3.1 3.2 3.3 "AlphaSense raises $225 million in funding; valuation jumps to $1.7 billion". June 16, 2022. https://economictimes.indiatimes.com/tech/funding/alphasense-raises-225-million-in-funding-valuation-jumps-to-1-7-billion/articleshow/92245803.cms.
- ↑ "AlphaSense raises $33M in first round funding to grow its financial search engine". March 7, 2016. https://www.bizjournals.com/sanjose/blog/techflash/2016/03/alphasense-raises-33m-infirst-round-funding-to.html. Retrieved July 16, 2022.
- ↑ 5.0 5.1 "AlphaSense Raises $50 Million in New Funding". July 17, 2019. https://www.wsj.com/articles/alphasense-raises-50-million-in-new-funding-11563355801. Retrieved July 16, 2022.(Subscription content?)
- ↑ "Here are 50 Companies Leading the AI Revolution". February 23, 2017. https://fortune.com/2017/02/23/artificial-intelligence-companies/. Retrieved July 16, 2022.
- ↑ 7.0 7.1 "Investors Seek an Edge by Using Technology That Reads Between the Lines". July 21, 2019. https://fortune.com/2019/07/21/investors-technology-sentiment-analysis/. Retrieved July 16, 2022.
- ↑ 8.0 8.1 "Stream by Mosaic". https://www.cbinsights.com/company/stream-by-mosaic. Retrieved July 16, 2022.
- ↑ "AlphaSense Merges with Sentieo". May 16, 2022. https://www.integrity-research.com/alphasense-merges-with-sentieo/. Retrieved July 16, 2022.
- ↑ "Natural Language Processing: An Inside Look at How NLP is Used in the Capital Markets". January 17, 2017. https://www.waterstechnology.com/trading-tools/2480130/natural-language-processing-an-inside-look-at-how-nlp-is-used-in-the-capital-markets. Retrieved July 16, 2022.
- ↑ "Private Equity Can’t Always Get What It Wants". May 6, 2020. https://www.nytimes.com/2020/05/06/business/dealbook/coronavirus-private-equity.html. Retrieved July 16, 2022.
- ↑ "The Coronavirus Bailouts Begin to Take Shape". March 20, 2020. https://www.nytimes.com/2020/03/20/business/dealbook/coronavirus-economy-unemployment.html. Retrieved July 16, 2022.
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