AlphaSense

Analytics
Updated

AlphaSense is an AI-powered market intelligence platform founded in 2011 by Jack Kokko and Raj Neervannan to automate financial research workflows.

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AI platform that searches financial documents, earnings calls, and expert interviews to automate market research and competitive intelligence workflows for investment and corporate decision makers.

AlphaSense is an AI-powered market intelligence platform founded in 2011 by Jack Kokko and Raj Neervannan to automate financial research workflows. The company indexes more than 500 million documents from SEC filings, broker research, earnings call transcripts, investor presentations, and expert interviews across 37 languages, using machine learning and natural language processing to enable rapid discovery and analysis at scale.\n\nThe company has grown rapidly on the back of AI adoption. It reached $200 million in annual recurring revenue by April 2024, doubled that to $400 million by early 2025, and surpassed $500 million in ARR by October 2025.

Today it serves 6,500+ enterprise customers, including 88 to 90 percent of the S&P 100 and more than half the Fortune 500. Notable clients include JP Morgan, Pfizer, Microsoft, Salesforce, Dow Chemical, and UBS.\n\nAlphaSense has pursued aggressive M&A to expand its product surface and proprietary content moat. In June 2024, it acquired the rival Tegus platform for $930 million while closing a $650 million Series F funding round led by Viking Global Investors and BDT & MSD Partners, valuing the company at $4 billion.

In October 2025, it acquired Carousel, an AI-powered Excel modeling tool, to embed generative financial model-building directly into its workflow suite.\n\nThe company is expanding its AI product portfolio rapidly. In 2025 it launched Generative Search (a conversational research agent), Deep Research (synthesis and profile automation), Generative Grid (structured tabular results), Workflow Agents (multi-step automation), Financial Data (quantitative metrics integrated with qualitative research), and Channel Checks (real-time market signals via AI-conducted expert interviews). It reported 33 percent quarter-over-quarter growth in generative AI query usage and exponential growth in LLM token consumption by late 2025.\n\nAlphaSense is in growth-stage fundraising. In March 2026, Bloomberg reported the company was seeking hundreds of millions of dollars in fresh funding, which would value it well above the $4 billion mark it fetched in 2024.

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Who buys this

  • Investment banks, hedge funds, and asset managers conducting equity and credit research
  • Fortune 500 corporations tracking competitive and market intelligence for strategy
  • Private equity firms evaluating targets and market trends during diligence
  • Consulting firms and professional services firms embedded in client research workflows

Publicly disclosed clients

  • JP Morgan
  • Pfizer
  • Microsoft
  • Google
  • Salesforce
  • Dow Chemical
  • UBS
  • Unilever

Strengths and what to watch

Strengths

  • Proprietary content moat: 500M+ documents indexed and relationships with expert networks (Tegus) and modelers (Carousel) integrated into single platform
  • Strong market penetration: 6,500+ customers including 88%+ of S&P 100 and Fortune 500 penetration creates switching costs and network effects
  • Rapid financial scaling: $200M to $500M ARR in 18 months and strong enterprise retention evidenced by customer count growth and continued funding at rising valuations

Watch for

  • Execution risk on M&A integration: Tegus ($930M) and Carousel acquisitions are recent; customer overlap or product cannibalization could impact growth rates
  • Funding runway: Company is fundraising at $4B+ valuation which suggests strong position, but rapid hiring (1,800 to 3,100+ employees in two years) and acquisition spending create burn pressure if growth slows
  • Narrowness of use case: Platform is finance-and-investment focused; limited adoption outside capital markets, banking, and large corporate strategy teams could limit TAM ceiling

Recent moves

Key Information

Industry
Analytics
Founded
2011
Headquarters
United States

Frequently Asked Questions

What is AlphaSense?

AlphaSense is an AI-powered market intelligence platform that indexes over 500 million financial documents—including SEC filings, earnings call transcripts, and broker research—across 37 languages. Using machine learning and natural language processing, it automates financial research and competitive intelligence workflows for investment banks, corporations, and hedge funds.

Who are AlphaSense's main customers?

AlphaSense serves 6,500+ enterprise customers, including 88 to 90 percent of the S&P 100 and more than half the Fortune 500. Notable clients include JP Morgan, Pfizer, Microsoft, Salesforce, and UBS. The platform serves investment banks, hedge funds, private equity firms, and large corporations.

How fast is AlphaSense growing?

AlphaSense reached $200 million in annual recurring revenue by April 2024, doubled to $400 million by early 2025, and surpassed $500 million by October 2025. The company reported 33 percent quarter-over-quarter growth in generative AI query usage and exponential growth in LLM token consumption by late 2025.

What AI features did AlphaSense launch in 2025?

AlphaSense launched Generative Search for conversational research, Deep Research for synthesis automation, Generative Grid for structured results, Workflow Agents for multi-step automation, Financial Data for quantitative metrics, and Channel Checks for real-time market signals via AI-conducted expert interviews.

What major acquisitions has AlphaSense made?

AlphaSense acquired Tegus for $930 million in June 2024 to gain expert interview networks and proprietary content, then acquired Carousel in October 2025 to embed AI-powered Excel modeling into its platform. Both acquisitions expand its product capabilities and data moat in financial intelligence.

How much funding has AlphaSense raised?

AlphaSense closed a $650 million Series F in June 2024, valuing the company at $4 billion and led by Viking Global Investors and BDT & MSD Partners. In March 2026, Bloomberg reported the company was seeking hundreds of millions in fresh funding at a valuation well above $4 billion.

How AlphaSense compares

Direct head-to-head against 3 competitors. Picked by 7wData.

This company

AlphaSense

Positioning
AI platform that searches financial documents, earnings calls, and expert interviews to automate market research and competitive intelligence workflows for investment and corporate decision makers.
Customer segments
Investment banks, hedge funds, and asset managers conducting equity and credit research
Strengths
Proprietary content moat: 500M+ documents indexed and relationships with expert networks (Tegus) and modelers (Carousel) integrated into single platform
Watch for
Execution risk on M&A integration: Tegus ($930M) and Carousel acquisitions are recent; customer overlap or product cannibalization could impact growth rates
Recent moves
AlphaSense surpasses $500M in ARR as AI workflow adoption surges; announces Carousel acquisition for AI Excel modeling

FactSet

Positioning
Institutional financial data platform targeting investment banks and asset managers with auditable, sourced AI workflow outputs for front-office teams.
Customer segments
Buy-side asset managers, hedge funds, investment bankers, and corporate development professionals at financial institutions.
Strengths
Production-grade MCP server giving AI systems real-time access to nine curated financial datasets without custom integrations, validated by 45 firms.
Watch for
Four C-suite roles (CEO, CFO, CTO, Chief AI Officer) changed within seven months in 2025-2026, creating execution continuity risk.
Recent moves
Acquired LiquidityBook, a cloud-native trading solutions provider connecting 200-plus brokers across 80 markets, for $246.5 million cash (February 2025).

Visible Alpha

Positioning
Granular sell-side analyst model consensus platform, acquired by S&P Global (May 2024), now a paid add-on within S&P Capital IQ Pro.
Customer segments
Buy-side equity analysts, sell-side directors of research, and corporate IR teams needing line-item KPI and segment-level consensus estimates.
Strengths
Aggregates full sell-side working models (avg 156 line items per company) from 200-plus broker contributors, updated within 24 hours of analyst revisions.
Watch for
Post-acquisition bundling forces customers into double-license dependency: Capital IQ Pro subscription required before accessing Visible Alpha as a paid add-on.
Recent moves
March 2025: Visible Alpha consensus data launched as Capital IQ Pro add-on, covering 7,300 companies and 1 million-plus line items across 170 industries.

S&P Global Market Intelligence

Positioning
Integrated financial data platform combining 135 billion annual data points, private markets analytics, and citation-backed generative AI via Capital IQ Pro.
Customer segments
Investment banks, private equity and credit funds, asset managers, LP allocators, and corporate finance teams needing auditable research outputs.
Strengths
Proprietary structured data at 135 billion data points per year, delivered via desktop, API, cloud feed, and Excel plugin in one subscription.
Watch for
President Saugata Saha departed May 2026 mid-integration of three acquisitions, leaving Market Intelligence without a named segment head through at least July 2026.
Recent moves
November 2025 acquisition of With Intelligence for $1.8 billion, adding 20,000 investment committee packs and LP filings into Capital IQ Pro Document Intelligence.

Sources

  1. www.alpha-sense.com — Founding story, founders Jack Kokko and Raj Neervannan, leadership team, core mission, recognition (Forbes Cloud 100, CNBC Disruptor 50)
  2. www.alpha-sense.com — Core product description, market positioning, customer base size (6,500+), customer examples (Pfizer, Microsoft, JP Morgan, Salesforce, Dow)
  3. www.alpha-sense.com — $500M ARR milestone (October 2025), 6,500+ customer count, generative AI usage metrics, customer examples (Google, Nvidia, UBS)
  4. www.prnewswire.com — Tegus acquisition announcement ($930M), $650M Series F funding, $4B valuation, June 2024 funding round details
  5. www.alpha-sense.com — 2025 AI product releases: Generative Grid, Deep Research, Workflow Agents, Financial Data, Channel Checks
  6. www.alpha-sense.com — Carousel acquisition (October 2025), AI Excel modeling strategic rationale, CEO quote from Jack Kokko