Overview of Transaction

• On July 17, 2019, AlphaSense announced it has raised $50 million in a Series B financing round led by Innovation Endeavors
• Innovation Endeavors, a Silicon Valley-based investment firm founded in 2010 and backed by former Google CEO Eric Schmidt, is a new investor in AlphaSense
• Existing investors, including Soros Fund Management and others, also participated in the round
• Headquartered in New York, NY, AlphaSense is an artificial intelligence-based market intelligence search engine operating in the United States and Europe
• AlphaSense leverages deep-learning AI and natural language processing to search and monitor thousands of previously fragmented data sources, enabling better, quicker and more confident decision making
• AlphaSense serves more than 1,000 institutional clients in both the financial and corporate sectors including the largest corporations, investment firms, and banks in the world

Significance of Transaction

• AlphaSense will use the new capital to continue to further develop its groundbreaking AI and natural language processing technology, accelerate product development, and drive global expansion of the platform
• The transaction demonstrates Innovation Endeavors’ confidence in the potential of AlphaSense to transform the market intelligence landscape through groundbreaking AI and search technology

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to AlphaSense
• FT Partners previously advised AlphaSense on its $33 million growth financing round in 2016
• This transaction underscores FT Partners' strong domain expertise and successful track record in the Information Technology / Capital Markets space