AlphaSense

AlphaSense is a market intelligence and search platform founded in 2011 by Jack Kokko and Raj Neervannan. The company utilizes artificial intelligence, machine learning, and natural language processing to extract insights from a vast collection of public and private content. AlphaSense's platform covers over 10,000 sources, including SEC filings, equity research, earnings call transcripts, expert interviews, news articles, and industry journals. The company's AI-powered search capabilities allow users to quickly find relevant information, summarize key points, and analyze trends across industries and companies.

AlphaSense's product offerings include Smart Summaries, which provides AI-generated summaries of financial documents and earnings calls, and Enterprise Intelligence, which applies AI search technology to customers' internal research and external documents. The platform also features expert call transcripts and the ability to schedule personalized expert calls for deeper insights. In April 2024, AlphaSense surpassed USD 200 million in annual recurring revenue, doubling its revenue in less than two years.

The company has expanded its capabilities through acquisitions, including financial analysis firm Sentieo and expert interview transcription service Stream by Mosaic. In July 2024, AlphaSense completed the acquisition of Tegus, a provider of expert research and financial data, for USD 930 million. This acquisition aims to enhance AlphaSense's content library and strengthen its position in the market intelligence sector.

Key customers and partnerships

AlphaSense serves over 4,000 enterprise customers, including more than 80% of the S&P 500 companies as of April 2024. Its client base spans various sectors, including financial services, technology, and industrial firms. Notable customers include SAP, Google, J.P. Morgan, and 3 million. The platform is particularly popular among investment firms, banks, and consultancies, with users typically paying between USD 10,000 to USD 20,000 annually per seat.

In terms of partnerships, AlphaSense has collaborated with Goldman Sachs, which began delivering its aftermarket research on the AlphaSense platform in 2022. The company has also expanded its global presence by opening a new hub in Singapore to serve the Asia-Pacific region.