Raj Neervannan, an Indian-origin co-founder of the market intelligence and search platform AlphaSense, announced that the company has raised an additional $100 million through new investments led by CapitalG, Alphabet's autonomous development fund, on top of its $225 million Series D financing round, valued at $1.8 billion. The Growth Equity division of Goldman Sachs Asset Management (Goldman Sachs) and Viking Global Investors, two existing investors, also took part in the round.

This investment will support the continuous implementation of AlphaSense's cutting-edge AI capabilities, including generative AI, which significantly accelerates the research process for business and financial professionals. "This investment will enable us to continue our mission of pushing the boundaries of technology and accelerating our research and development efforts in India, a valuable innovation hub," stated Neervannan, CTO and Co-Founder of Alphasense.

Neervannan holds a BE in computer science from Birla Institute of Technology and Science, Pilani, and an MBA in finance from The Wharton School in the US. Over 1,000 employees work for AlphaSense, which has offices in the US, the UK, Finland, Germany, and India in addition to its headquarters in New York City.

We are dedicated to improving our product offerings and generating value for our international clients with the help of CapitalG and our current investors. Without the brilliance and creativity of our India colleagues, this would not be possible, and I am thrilled to see this progress continue," he continued.

AlphaSense has developed and improved its AI tech stack, gathered data to continuously train its language models, and amassed a sizable library of high-quality, reliable business material. According to James Luo, Partner at CapitalG, "The AlphaSense platform is really powerful in how it leverages AI to transform and streamline the work of business and finance professionals worldwide, including investors like ourselves as well as many satisfied users at companies like Google, Bank of America, and Merck."

AlphaSense enables leading corporations and financial institutions to uncover valuable insights they can't find anywhere else and make smarter decisions with confidence and speed. "With the big leaps we are taking with AI to deliver even more precise data and insights to our customers, I am more excited than ever by our product roadmap and business momentum," said Jack Kokko, CEO and Founder of AlphaSense. AlphaSense acquired Stream, the world's broadest library of expert interview transcripts, in 2021 and Sentieo, a financial intelligence platform, in 2022.