AlphaSense Inc.
| File:AlphaSense company logo.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Business software |
| Founded 📆 | 2011 |
| Founders 👔 | Jack Kokko, Raj Neervannan[1] |
| Headquarters 🏙️ | New York City |
Area served 🗺️ | |
Key people | Jack Kokko, CEO Raj Neervannan, CTO[1] |
| Products 📟 | Market analysis and business intelligence search platform[2] |
| Members | |
Number of employees | >1,000[3] |
| 🌐 Website | alpha-sense.com |
| 📇 Address | |
| 📞 telephone | |
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[edit]
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[edit]
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[edit]
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]
Alternative Software[edit]
References[edit]
- ↑ 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". Forbes. September 30, 2021. 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". TechCrunch. July 17, 2019. Retrieved July 16, 2022.
- ↑ 3.0 3.1 3.2 3.3 "AlphaSense raises $225 million in funding; valuation jumps to $1.7 billion". India Times. June 16, 2022. Retrieved July 16, 2022.
- ↑ "AlphaSense raises $33M in first round funding to grow its financial search engine". Silicon Valley Business Journal. March 7, 2016. Retrieved July 16, 2022.
- ↑ 5.0 5.1 "AlphaSense Raises $50 Million in New Funding". Wall Street Jourtnal. July 17, 2019. Retrieved July 16, 2022.(subscription required)
- ↑ "Here are 50 Companies Leading the AI Revolution". Fortune. February 23, 2017. Retrieved July 16, 2022.
- ↑ 7.0 7.1 "Investors Seek an Edge by Using Technology That Reads Between the Lines". Fortune. July 21, 2019. Retrieved July 16, 2022.
- ↑ 8.0 8.1 "Stream by Mosaic". CB Insights. Retrieved July 16, 2022.
- ↑ "AlphaSense Merges with Sentieo". Integrity Research Associates. May 16, 2022. Retrieved July 16, 2022.
- ↑ "Natural Language Processing: An Inside Look at How NLP is Used in the Capital Markets". Waters Technology. January 17, 2017. Retrieved July 16, 2022.
- ↑ "Private Equity Can't Always Get What It Wants". NY Times. May 6, 2020. Retrieved July 16, 2022.
- ↑ "The Coronavirus Bailouts Begin to Take Shape". NY Times. March 20, 2020. Retrieved July 16, 2022.
External links[edit]
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