AlphaSense, a San Francisco, CA-based provider of a search engine for financial professionals, secured $33m in growth capital.
Backers included Tribeca Venture Partners, Triangle Peak Partners, and Quantum Strategic Partners (a private investment vehicle managed by Soros Fund Management LLC), as well as individual investors Tom Glocer, formerly CEO of Thomson Reuters.
The company will use the new capital for product advancement and for accelerating its growth in serving its core investment research and corporate intelligence markets, as well as its expansion into new market verticals.
Launched in 2011 by Jack Kokko, CEO, AlphaSense provides a search database that covers clients’ in-house content alongside thousands of external sources, including more than 1,000 sell-side research providers, and company disclosures covering more than 35,000 public corporations. The professional search functionality leverages natural language processing and search technology that streamlines finding and tracking the most relevant information.
Users can search and discover key data points, while also tracking new information with intelligent alerts.
The company today serves more than 400 investment firms, banks and corporations globally.