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FT Partners Advises AlphaSense on its $50,000,000 Series B Financing Round

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