The $930m acquisition brings customers unmatched insights from a vast content library covering public and private companies, combined with AlphaSense's market-leading AI search technologyNEW YORK, July 8, 2024 /PRNewswire/ -- AlphaSense, the leading market intelligence and search platform, today announced it has closed its acquisition of Tegus, a leading provider of expert research, private company content, financial data, and workflow tools. As part of this deal, AlphaSense also closed a new $650 million funding round, co-led by Viking Global Investors and BDT & MSD Partners, and joined by new investors, J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl Capital, Alkeon Capital, as well as existing investors including Alphabet's CapitalG and Goldman Sachs Alternatives. This financing brings AlphaSense's valuation to $4 billion.The signing of the acquisition of Tegus was announced on June 11, 2024. Together, AlphaSense and Tegus will accelerate growth, innovation, and content expansion, bringing their complementary product and content capabilities together to enable customers to unearth even more comprehensive insights from thousands of content sets.The $930m acquisition brings customers unmatched insights from a vast content library covering public and private companies. Post thisAlphaSense will add Tegus employees to its workforce across offices in Chicago, Vancouver, and Waterford, Ireland, most of whom remain focused on scaling Tegus's world-class library of expert transcripts and enhancing the capabilities of its financial data and workflow tools.About AlphaSenseThe world's most sophisticated companies rely on AlphaSense to remove uncertainty from decision-making

AI startup AlphaSense raises $650M in funding at $4 billion valuation; agrees to buy rival Tegus for $930 million.