June 3 (Reuters) - Market intelligence platform AlphaSense said on Wednesday it has raised $350 million at a valuation of $7.5 billion, nearly double that of its funding round two years ago.
The round was led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan ******* et Management, with new investors including D. E. Shaw Ventures and Pinegrove Opportunity Partners.
The funding highlights strong investor demand for AI-related companies, as businesses increasingly adopt artificial intelligence tools to improve productivity, automate workflows and ******* yze large volumes of data.
Founded in 2011, AlphaSense is an AI-powered platform that helps businesses and financial professionals ******* yze companies, markets, and industries using a wide range of sources such as research reports, regulatory filings, earnings call transcripts, and news.
"Our focus remains on execution, and while we can't comment on the exact (IPO) timing, we believe the public markets represent a natural path for AlphaSense's growth journey," CEO and co-founder Jack Kokko told Reuters.
The round was led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan ******* et Management, with new investors including D. E. Shaw Ventures and Pinegrove Opportunity Partners.
The funding highlights strong investor demand for AI-related companies, as businesses increasingly adopt artificial intelligence tools to improve productivity, automate workflows and ******* yze large volumes of data.
Founded in 2011, AlphaSense is an AI-powered platform that helps businesses and financial professionals ******* yze companies, markets, and industries using a wide range of sources such as research reports, regulatory filings, earnings call transcripts, and news.
"Our focus remains on execution, and while we can't comment on the exact (IPO) timing, we believe the public markets represent a natural path for AlphaSense's growth journey," CEO and co-founder Jack Kokko told Reuters.
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