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 technology

AlphaSense, the leading market intelligence and search platform, has announced the successful acquisition of Tegus, a renowned provider of expert research, private company content, financial data, and workflow tools. Concurrently, AlphaSense closed a significant $650 million funding round, elevating its valuation to $4 billion.

Key Points:

• Acquisition Announcement:

  • AlphaSense acquires Tegus, enhancing its market intelligence and research platform.
  • The acquisition was initially announced on June 11, 2024.

• Funding Details:

  • AlphaSense secured a $650 million funding round.
  • Co-led by Viking Global Investors and BDT & MSD Partners.
  • New investors include J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl Capital, and Alkeon Capital.
  • Existing investors like Alphabet's CapitalG and Goldman Sachs Alternatives also participated.
  • New valuation of AlphaSense is $4 billion.

• Strategic Integration:

  • The merger aims to accelerate growth, innovation, and content expansion.
  • Combines AlphaSense’s market intelligence with Tegus’s expert research and financial data.
  • AlphaSense will incorporate Tegus employees across offices in Chicago, Vancouver, and Waterford, Ireland.
  • Focus on scaling Tegus's expert transcript library and enhancing financial data and workflow tools.

• About AlphaSense:

  • Trusted by over 4,000 enterprise customers, including a majority of the S&P 500.
  • Provides insights from a diverse range of content, including equity research, company filings, event transcripts, expert calls, news, trade journals, and clients' own research.
  • Utilizes AI to deliver reliable market intelligence, reducing uncertainty in decision-making.

The acquisition of Tegus by AlphaSense, coupled with a substantial funding round, marks a pivotal moment for the market intelligence and research platform. This strategic move enhances AlphaSense’s capabilities, positioning it to deliver even more comprehensive insights and support to its expansive client base.