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AlphaSense Seeks Funding Amid AI-Driven Data Demand — Bloomberg Reports
Investing.com - According to Bloomberg, citing sources familiar with the matter, market research startup AlphaSense is seeking a new funding round worth hundreds of millions of dollars, benefiting from the growing market interest in AI-driven data providers.
Sources say the latest funding round will value AlphaSense well above the $4 billion valuation it received in its previous funding round in 2024. Due to confidentiality, these sources requested anonymity. They added that no final decision has been made yet, and the terms of the funding may change.
Founded in 2011, AlphaSense offers an AI-based search engine that leverages a database containing over 500 million financial and business documents. The platform enables investment bankers to identify potential targets and hedge fund managers to analyze financial reports, among other uses.
The company’s website shows that AlphaSense serves more than 6,500 of the world’s largest companies, including JPMorgan Chase (NYSE:JPM) and Microsoft (NASDAQ:MSFT). This startup provides a user-friendly platform for financial professionals.
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