AlphaSense, an AI enhanced Market Intelligence and Search Platform, Reflects on a Transformative Year

The team at AlphaSense has reflected on what they consider to be a transformative year for the company.

Jack Kakko, CEO and Founder at AlphaSense, noted:

“As I’ve been reflecting on all that has been accomplished this year, I am deeply grateful for the dedication and hard work of our team throughout this unusual time. We’ve reached pivotal milestones that have further cemented AlphaSense as [one of the go-to] market intelligence and search platforms.”

Jack also mentioned that they finalized their $180 million Series C fundraise, as well as “the acquisition of Stream and their … expert interview transcript library, and the continued rapid expansion of their content and product offering.” According to Jack, these accomplishments are “just some of the many that show the [solid] momentum [they] are seeing in [their] business.”

Jack added that they acquired $180 million in their Series C investment round, “led by Viking Global and Goldman Sachs.”

In September of last year, AlphaSense “welcomed an incredible group of new investors: Viking Global, Goldman Sachs, Morgan Stanley, Citi, Bank of America, Barclays, Wells Fargo, Cowen, and AllianceBernstein.”

Jack also noted:

“Many of our new investors are already customers and Wall Street Insights® content providers, which is perhaps the most powerful indicator of the importance of our role in delivering the most valuable premium content to the business world.”

He added

“With this new investment, we are continuing to strengthen our mission by fueling product development, further expanding our content sets, bolstering our international offering, and delivering best-in-class customer support.”

Jack further noted that they acquired Stream by Mosaic, making them “the premier source of primary and secondary market intelligence.”

As noted by the company CEO:

“Stream has always closely shared our mission for empowering strategic decision-making through the best insights and best technology. Through this acquisition, our customers can now unlock the ability to better understand the strategy of various players in almost any market, unearth unique competitive insights, and easily access market intelligence that wasn’t accessible this broadly ever before – even with heavy primary research efforts.”

All this, combined with their Al search technology, allows their clients to “extract business-critical insights even faster and more confidently.”

Jack added that they are “excited to welcome the truly impressive Stream team as part of AlphaSense.”

He also noted that they’re “continuing to expand Wall Street Insights® with new partners, Citigroup, J.P. Morgan, William Blair, Raymond James, and RBC.”

He also mentioned that Wall Street Insights® (WSI) is “a key feature of our platform, a content offering that allows companies across all industry verticals to tap into the deep expertise of premier equity research from Wall Street’s top analyst teams—including J.P. Morgan, Citi, Morgan Stanley, Bank of America, Barclays, UBS, Credit Suisse, Bernstein, and William Blair.”

He added

“We have always been committed to expanding our collection of equity research, and … Most notably, in June, we formalized a partnership with Citi, when we became their only provider of aftermarket research to the corporate market.”

He further noted

“We now have over 2,000 enterprise customers, which include the majority of the S&P 500. … We’ve experienced tremendous growth this year and I’m proud to say that our customer base now includes the majority of S&P 500 companies, over 75% of the S&P 100, 70% of the top asset management firms, 76% of the top consultancies, and all of the largest 20 pharmaceutical companies.”

He added that they’ve “released significant product improvements and innovations to our core technology.”

He further revealed:

“2021 was a busy year for product development: we improved and innovated on our core tech across the board, including building on our AI summarization and monitoring technology, a much streamlined UI leveraging proprietary AI for an ever more fluid UX – and AI-powered financial modeling, among many other enhancements.”

He concluded this past year, they onboarded 200 employees to AlphaSense and are “now a company of over 500 employees – and continuing [their] rapid pace of growth.”

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