Company Overview

AlphaSense is a leading market intelligence and research platform that leverages artificial intelligence (AI), natural language processing (NLP), and machine learning (ML) to provide insights from millions of documents. It serves corporate clients and Fortune 500 companies.

Founded in 2011, AlphaSense has grown rapidly through acquisitions and fundraising, positioning itself as an important player in the expert transcript library and financial research space.

Core services

1. AI-Driven Market Intelligence

1. Smart search – AI-powered search engine that extracts key insights from earnings transcripts, analyst reports, and filings.
2. Sentiment and trend analysis – detects emerging themes, sentiment shifts, and key strategic changes across industries.
3. Snippet explorer – tracks the historical evolution of topics across multiple datasets.

2. Expert Insights and Proprietary Research

1. Expert transcript library
2. Expert call services
3. Wall Street Insights – Aggregates equity research from 1,000+ sell-side and independent firms.

Strategic Growth & Acquisitions

Key Acquisitions:

1. 2021: Acquired Stream by Mosaic (now AlphaSense Expert Insights), expanding into expert transcript aggregation.
2. 2022: Acquired Sentieo, integrating additional financial data analytics.
3. 2024:
4. June – Announced the $930M acquisition of Tegus, its largest competitor in the expert transcript space.
5. July – Acquired MarketResearch.com and Profound.com, strengthening its market research capabilities.

Financials & IPO Prospects

Fundraising and Valuation:

June 2024: Raised $650M (led by Viking Global & BDT & MSD Partners), valuing the combined AlphaSense-Tegus entity at $4B.

April 2024: Reported $200M in ARR, serving 4,000+ customers, including 80% of the S&P 100.

2022-2023: Multiple funding rounds, with key investors including Bond Capital, CapitalG (Alphabet’s VC arm), Goldman Sachs AM, and Viking Global.

IPO Timeline:

AlphaSense has considered an IPO since 2022.

In June 2024, reports suggested an IPO could take place within two years, contingent on achieving profitability and diversifying its client base.

Challenges

AlphaSense restructured its workforce by laying off 150 workers after purchasing Tegus. The layoffs are part of the company's claimed efforts to reduce redundancies and improve business operations.

Subscription Model

AlphaSense operates on a seat-based subscription, with costs ranging from $10,000 to $20,000 per user annually (as of April 2024).

Key Differentiators

1. AI-powered market intelligence platform with advanced sentiment analysis and trend tracking.
2. Expert transcript library - by combining AI with expert call transcription, it aggregates expert insights into a searchable, indexed library.
3. The platform automatically analyzes sentiment across financial documents.
4. Integrated historical and real-time data - users can analyze both real-time and historical data in one platform.
5. Focus on financial institutions and key industry players.
6. Wall Street Insights.
7. AI-driven tools such as Smart Summaries.

Headquarters

New York, USA